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2023
Flag → Flag
Exports $13.2MRnk 29 / 122
2023
Flag → Flag
Top Product $6.27MCocoa Beans
2023
Flag → Flag
Exports $57.7MRnk 136 / 211
2023
Flag → Flag
Top Product $34.3MCars
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag
 GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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GDP PC$33,767CURRENT US$
Rnk 38 / 196
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195

About

Venezuela-Japan Trade: In 2023, Venezuela exported $13.2M to Japan. The main products that Venezuela exported to Japan were Cocoa Beans ($6.27M), Scrap Copper ($4.4M), and Raw Aluminium ($1.79M). Over the past 5 years the exports of Venezuela to Japan have decreased at an annualized rate of 13.6%, from $27.6M in 2018 to $13.2M in 2023.

In 2023, Venezuela did not export any services to Japan.

Japan-Venezuela Trade: In 2023, Japan exported $57.7M to Venezuela. The main products that Japan exported to Venezuela were Cars ($34.3M), Spark-Ignition Engines ($4.63M), and Delivery Trucks ($3.22M). Over the past 5 years the exports of Japan to Venezuela have increased at an annualized rate of 5.83%,  from $19.6M in 2018 to $57.7M in 2023.

In 2023, Japan did not export any services to Venezuela.

Comparison: In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Venezuela exported $13.2M to Japan. The main products exported from Venezuela to Japan were Cocoa Beans ($6.27M), Scrap Copper ($4.4M), and Raw Aluminium ($1.79M). During the last 5 years the exports of Venezuela to Japan have decreased at an annualized rate of 13.6%, from $27.6M in 2018 to $13.2M in 2023.

In 2018, Japan exported $57.7M to Venezuela. The main products exported from Japan to Venezuela were Cars ($34.3M), Spark-Ignition Engines ($4.63M), and Delivery Trucks ($3.22M). During the last 5 years the exports of Japan to Venezuela have increased at an annualized rate of 5.83%, from $19.6M in 2023 to $57.7M in 2018.

Exports from Venezuela (Flag) to Japan (Flag) (2023)

Exports from Japan (Flag) to Venezuela (Flag) (2023)

Latest Data

Trade between Venezuela (Flag) and Japan (Flag)

Japan Exports

Market Competitiveness

Color
Venezuela
Top DestinationUnited States$3.81B
Japan
Top DestinationUnited States$143B

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 2023, countries that imported more from Venezuela than Japan included Dominica ($10.5M).

In 2023, countries that imported more from Japan than Venezuela included United States ($143B), China ($138B), and Chinese Taipei ($43B).

Difference in imports from Japan (Flag) and Venezuela (Flag) (2023)

Comparative Advantage Venezuela - Japan

Flow
Scale

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

During 2023, Venezuela had a large net trade with Japan in the exports of Foodstuffs ($6.67M), Metals ($6.19M), and Mineral Products ($339k).

During 2018, Japan had a large net trade with Venezuela in the exports of Transportation ($43.6M), Machines ($9.2M), and Chemical Products ($1.27M).

Economic Complexity

Competitive Landscape

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.

Product Space of Venezuela (Flag) and Japan (Flag) (2023)

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