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Pricing

2022
Flag → Flag
Exports $105MRnk 50 / 185
2022
Flag → Flag
Top Product $20.8MProcessed Tomatoes
2022
Flag → Flag
Exports $12.7MRnk 30 / 126
2022
Flag → Flag
Top Product $1.77MStranded Aluminium Wire
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
GDP PC $15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Chile-Venezuela Trade: In 2022, Chile exported $105M to Venezuela. The main products that Chile exported to Venezuela were Processed Tomatoes ($20.8M), Processed Cereals ($13.9M), and Apples and Pears ($9.63M). Over the past 5 years the exports of Chile to Venezuela have increased at an annualized rate of 9.53%, from $66.3M in 2017 to $105M in 2022.

In 2009, Chile exported services to Venezuela worth $38.8M, with Transportation ($38.8M) being the largest in terms of value.

Venezuela-Chile Trade: In 2022, Venezuela exported $12.7M to Chile. The main products that Venezuela exported to Chile were Stranded Aluminium Wire ($1.77M), Cereal Flours ($1.53M), and Other Processed Fruits and Nuts ($1.39M). Over the past 5 years the exports of Venezuela to Chile have decreased at an annualized rate of 25.9%,  from $56.7M in 2017 to $12.7M in 2022.

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

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

September, 2024

About

Overview In September 2024, Chile exported $8.33M and imported $1.32k from Venezuela, resulting in a positive trade balance of $8.33M. Between September 2023 and September 2024 the exports of Chile have increased by $487k (6.21%) from $7.84M to $8.33M, while imports increased by $450 (51.8%) from $870 to $1.32k.

Trade In September 2024, the top exports of Chile to Venezuela were Processed Tomatoes ($2.16M), Packaged Medicaments ($641k), Jams ($453k), Processed Cereals ($329k), and Special purpose motor vehicles ($299k). In September 2024 the top imports of Chile from Venezuela were .

Origins In September 2024 the exports of Chile were mainly from Providencia ($1.79M), Las Condes ($1.35M), Santiago ($843k), Vitacura ($634k), and San Bernardo ($619k), while imports destinations were mainly Las Condes ($1.32k).

Growth In September 2024, the increase in Chile's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Processed Tomatoes ($1.79M or 486%), Packaged Medicaments ($485k or 311%), and Pesticides ($95.2k or 209%). In September 2024, the increase in Chile's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$487k(6.21%)
IMPORT GROWTH (September 2023 - September 2024)$450(51.8%)
MAIN EXPORTER (September 2024)Providencia$1.79M

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

To check Venezuela and Chile 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 2022, Chile exported $105M to Venezuela. The main products exported from Chile to Venezuela were Processed Tomatoes ($20.8M), Processed Cereals ($13.9M), and Apples and Pears ($9.63M). During the last 5 years the exports of Chile to Venezuela have increased at an annualized rate of 9.53%, from $66.3M in 2017 to $105M in 2022.

In 2017, Venezuela exported $12.7M to Chile. The main products exported from Venezuela to Chile were Stranded Aluminium Wire ($1.77M), Cereal Flours ($1.53M), and Other Processed Fruits and Nuts ($1.39M). During the last 5 years the exports of Venezuela to Chile have decreased at an annualized rate of 25.9%, from $56.7M in 2022 to $12.7M in 2017.

Exports from Chile (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Chile (Flag) (2022)

Market Competitiveness

Color
Chile
Top DestinationChina$38.5B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Chile than Venezuela included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2022, countries that imported more from Venezuela than Chile included Turkey ($597M), Lebanon ($150M), and Montenegro ($75.9M).

Difference in imports from Venezuela (Flag) and Chile (Flag) (2022)

Comparative Advantage Chile - Venezuela

Flow
Scale

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

During 2022, Chile had a large net trade with Venezuela in the exports of Vegetable Products ($36.6M), Foodstuffs ($33M), and Paper Goods ($7.74M).

During 2017, Venezuela had a large net trade with Chile in the exports of Foodstuffs ($6.87M), Metals ($2.13M), and Vegetable Products ($1.6M).

Economic Complexity

Competitive Landscape

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

Product Space of Chile (Flag) and Venezuela (Flag) (2022)

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