Venezuela (VEN) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Venezuela-Japan Trade: In 2022, Venezuela exported $24.4M to Japan. The main products that Venezuela exported to Japan were Acyclic Alcohols ($12.8M), Cocoa Beans ($5.72M), and Raw Aluminium ($3.66M). Over the past 5 years the exports of Venezuela to Japan have decreased at an annualized rate of 29.1%, from $136M in 2017 to $24.4M in 2022.

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

Japan-Venezuela Trade: In 2022, Japan exported $33.3M to Venezuela. The main products that Japan exported to Venezuela were Cars ($14M), Delivery Trucks ($3.86M), and Spark-Ignition Engines ($3.65M). Over the past 5 years the exports of Japan to Venezuela have decreased at an annualized rate of 6.26%, from $72.4M in 2017 to $33.3M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $24.4M to Japan. The main products exported from Venezuela to Japan were Acyclic Alcohols ($12.8M), Cocoa Beans ($5.72M), and Raw Aluminium ($3.66M). During the last 5 years the exports of Venezuela to Japan have decreased at an annualized rate of 29.1%, from $136M in 2017 to $24.4M in 2022.

In 2017, Japan exported $33.3M to Venezuela. The main products exported from Japan to Venezuela were Cars ($14M), Delivery Trucks ($3.86M), and Spark-Ignition Engines ($3.65M). During the last 5 years the exports of Japan to Venezuela have decreased at an annualized rate of 6.26%, from $72.4M in 2022 to $33.3M in 2017.

Exports from Venezuela () to Japan () (2022)

Exports from Japan () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Japan ()

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Japan
Top DestinationUnited States$137B

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

In 2022, countries that imported more from Venezuela than Japan included Montenegro ($75.9M).

In 2022, countries that imported more from Japan than Venezuela included United States ($137B), China ($135B), and South Korea ($50.8B).

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

Comparative Advantage Venezuela - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Japan in the exports of Chemical Products ($12.8M), Foodstuffs ($6.21M), and Metals ($5.32M).

During 2017, Japan had a large net trade with Venezuela in the exports of Transportation ($21.4M), Machines ($7.86M), and Plastics and Rubbers ($1.96M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Japan () (2022)

Exports from Japan () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Japan ()

Japan Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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