Venezuela (VEN) and China (CHN) Trade | The Observatory of Economic Complexity

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Venezuela-China Trade: In 2022, Venezuela exported $6.34B to China. The main products that Venezuela exported to China were Petroleum Coke ($315M), Iron Ore ($81.2M), and Scrap Copper ($80.5M). Over the past 5 years the exports of Venezuela to China have increased at an annualized rate of 241%, from $13.7M in 2017 to $6.34B in 2022.

In 2022, Venezuela did not export any services to China.

China-Venezuela Trade: In 2022, China exported $1.75B to Venezuela. The main products that China exported to Venezuela were Rubber Tires ($131M), Air Conditioners ($90.1M), and Motorcycles and cycles ($87M). Over the past 5 years the exports of China to Venezuela have increased at an annualized rate of 91.7%, from $67.4M in 2017 to $1.75B in 2022.

In 2022, China did not export any services to Venezuela.

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $6.34B to China. The main products exported from Venezuela to China were Petroleum Coke ($315M), Iron Ore ($81.2M), and Scrap Copper ($80.5M). During the last 5 years the exports of Venezuela to China have increased at an annualized rate of 241%, from $13.7M in 2017 to $6.34B in 2022.

In 2017, China exported $1.75B to Venezuela. The main products exported from China to Venezuela were Rubber Tires ($131M), Air Conditioners ($90.1M), and Motorcycles and cycles ($87M). During the last 22 years the exports of China to Venezuela have increased at an annualized rate of 91.7%, from $67.4M in 1995 to $1.75B in 2017.

Exports from Venezuela () to China () (2022)

Exports from China () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and China ()

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationN/AN/A

China
Top DestinationN/AN/A

This map shows whether countries import more from Venezuela or China. Each country is colored based on the difference in imports they receive from Venezuela and China or the difference in the growth in imports.

N/A

Difference in imports from China () and Venezuela () (2022)

Comparative Advantage Venezuela - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Venezuela and China by product, considering products traded by both, Venezuela and China.

During 2022, Venezuela had a large net trade with China in the exports of Mineral Products ($427M), Metals ($154M), and Chemical Products ($75.5M).

During 2017, China had a large net trade with Venezuela in the exports of Machines ($757M), Transportation ($387M), and Plastics and Rubbers ($379M).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Venezuela and China. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to China () (2022)

Exports from China () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and China ()

China Exports

Market Competitiveness

Difference in imports from China () and Venezuela () (2022)

Comparative Advantage Venezuela - China

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and China () (2022)

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