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Pricing

2022
Flag → Flag
Exports $3.01BRnk 91 / 211
2022
Flag → Flag
Top Product $131MRubber Tires
2022
Flag → Flag
Exports $703MRnk 1 / 126
2022
Flag → Flag
Top Product $315MPetroleum Coke
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

China-Venezuela Trade: In 2022, China exported $3.01B 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 11.5%, from $1.75B in 2017 to $3.01B in 2022.

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

Venezuela-China Trade: In 2022, Venezuela exported $703M 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 decreased at an annualized rate of 35.6%,  from $6.34B in 2017 to $703M in 2022.

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

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

Latest Trends

August, 2024

About

Overview In August 2024, China exported $461M and imported $24.8M from Venezuela, resulting in a positive trade balance of $437M. Between August 2023 and August 2024 the exports of China have increased by $111M (31.8%) from $350M to $461M, while imports increased by $8.23M (49.7%) from $16.6M to $24.8M.

Trade In August 2024, the top exports of China to Venezuela were Air Conditioners ($17.5M), Motorcycles and cycles ($11.9M), Rubber Footwear ($10.4M), Motor vehicles; parts and accessories (8701... ($8.63M), and Bi-Wheel Vehicle Parts ($8.01M). In August 2024 the top imports of China from Venezuela were Petroleum Coke ($41.4M), Iron Ore ($8.91M), Acyclic Alcohols ($5.37M), Crustaceans ($2.61M), and Scrap Copper ($1.72M).

Origins In August 2024 the exports of China were mainly from Zhejiang Province ($172M), Guangdong Province ($111M), Shandong Province ($40.8M), Jiangsu Province ($29.8M), and Fujian Province ($22.3M), while imports destinations were mainly Jiangsu Province ($8.98M), Chongqing ($5.5M), Zhejiang Province ($3.83M), Beijing ($2.47M), and Jiangxi Province ($1.4M).

Growth In August 2024, the increase in China's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Air Conditioners ($15.4M or 746%), Motorcycles and cycles ($9.13M or 329%), and Video Displays ($4.69M or 342%). In August 2024, the increase in China's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in Petroleum Coke ($38M or 1.13k%), Crustaceans ($896k or 52.3%), and Raw Aluminium ($438k or 40.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$111M(31.8%)
IMPORT GROWTH (August 2023 - August 2024)$8.23M(49.7%)
MAIN EXPORTER (August 2024)Zhejiang Province$172M

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

To check Venezuela and China 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, China exported $3.01B 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 5 years the exports of China to Venezuela have increased at an annualized rate of 11.5%, from $1.75B in 2017 to $3.01B in 2022.

In 2017, Venezuela exported $703M 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 decreased at an annualized rate of 35.6%, from $6.34B in 2022 to $703M in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationN/AN/A
Venezuela
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage China - Venezuela

Flow
Scale

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

During 2022, China had a large net trade with Venezuela in the exports of N/A.

During 2017, Venezuela had a large net trade with China in the exports of Mineral Products ($427M), Metals ($154M), and Chemical Products ($75.5M).

Economic Complexity

Competitive Landscape

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

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

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