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2023
Flag → Flag
Exports $1.15BRnk 48 / 221
2023
Flag → Flag
Top Product $160MRaw Sugar
2023
Flag → Flag
Exports $468MRnk 4 / 122
2023
Flag → Flag
Top Product $208MNitrogenous Fertilizers
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Brazil-Venezuela Trade: In 2023, Brazil exported $1.15B to Venezuela. The main products that Brazil exported to Venezuela were Raw Sugar ($160M), Malt Extract ($154M), and Soybean Oil ($146M). Over the past 5 years the exports of Brazil to Venezuela have increased at an annualized rate of 14.9%, from $576M in 2018 to $1.15B in 2023.

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

Venezuela-Brazil Trade: In 2023, Venezuela exported $468M to Brazil. The main products that Venezuela exported to Brazil were Nitrogenous Fertilizers ($208M), Raw Aluminium ($92.7M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($83.1M). Over the past 5 years the exports of Venezuela to Brazil have increased at an annualized rate of 20%,  from $188M in 2018 to $468M in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $95.6M and imported $15.8M from Venezuela, resulting in a positive trade balance of $79.9M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-743k (-0.77%) from $96.3M to $95.6M, while imports decreased by $-31.2M (-66.5%) from $47M to $15.8M.

Trade In December 2024, the top exports of Brazil to Venezuela were Raw Sugar ($36.1M), Soybean Oil ($11.2M), Malt Extract ($10.3M), Other Agricultural Machinery ($2.31M), and Polyacetals ($1.63M). In December 2024 the top imports of Brazil from Venezuela were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.08M), Raw Aluminium ($5.23M), Petroleum Coke ($2.13M), Carbon ($1.58M), and Paintings ($26k).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($25M), Rio Grande do Sul ($23.4M), Roraima ($10.4M), Paraná ($7.81M), and Minas Gerais ($4.52M), while imports destinations were mainly Rio Grande do Sul ($8.59M), Paraná ($3.42M), Santa Catarina ($1.67M), São Paulo ($1.33M), and Tocantins ($600k).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Venezuela was explained primarily by an decrease in product exports in Malt Extract ($-8.46M or -45.1%), Rice ($-8.05M or -94.5%), and Soybean Oil ($-4.21M or -27.4%). In December 2024, the decrease in Brazil's year-by-year imports  from Venezuela was explained primarily by an decrease in product imports  in Raw Aluminium ($-6.15M or -54%) and Broadcasting Equipment ($-6.83k or -54.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-743k(-0.77%)
IMPORT GROWTH (December 2023 - December 2024)$-31.2M(-66.5%)
MAIN EXPORTER (December 2024)São Paulo$25M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Venezuela and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $1.15B to Venezuela. The main products exported from Brazil to Venezuela were Raw Sugar ($160M), Malt Extract ($154M), and Soybean Oil ($146M). During the last 5 years the exports of Brazil to Venezuela have increased at an annualized rate of 14.9%, from $576M in 2018 to $1.15B in 2023.

In 2018, Venezuela exported $468M to Brazil. The main products exported from Venezuela to Brazil were Nitrogenous Fertilizers ($208M), Raw Aluminium ($92.7M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($83.1M). During the last 5 years the exports of Venezuela to Brazil have increased at an annualized rate of 20%, from $188M in 2023 to $468M in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Brazil than Venezuela included China ($106B), United States ($37B), and Argentina ($17.2B).

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

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

Comparative Advantage Brazil - Venezuela

Flow
Scale

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

During 2023, Brazil had a large net trade with Venezuela in the exports of Foodstuffs ($435M), Vegetable Products ($260M), and Animal and Vegetable Bi-Products ($194M).

During 2018, Venezuela had a large net trade with Brazil in the exports of Chemical Products ($302M), Metals ($117M), and Mineral Products ($45.5M).

Economic Complexity

Competitive Landscape

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

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

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