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2023
Flag → Flag
Exports $3.45BRnk 86 / 208
2023
Flag → Flag
Top Product $188MMotorcycles and cycles
2023
Flag → Flag
Exports $739MRnk 2 / 122
2023
Flag → Flag
Top Product $366MPetroleum Coke
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

China-Venezuela Trade: In 2023, China exported $3.45B to Venezuela. The main products that China exported to Venezuela were Motorcycles and cycles ($188M), Rubber Tires ($142M), and Video Displays ($125M). Over the past 5 years the exports of China to Venezuela have increased at an annualized rate of 24.7%, from $1.15B in 2018 to $3.45B in 2023.

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

Venezuela-China Trade: In 2023, Venezuela exported $739M to China. The main products that Venezuela exported to China were Petroleum Coke ($366M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($107M), and Iron Ore ($89.6M). Over the past 5 years the exports of Venezuela to China have decreased at an annualized rate of 37%,  from $7.43B in 2018 to $739M in 2023.

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

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). 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, China exported $395M and imported $178M from Venezuela, resulting in a positive trade balance of $217M. Between December 2023 and December 2024 the exports of China have increased by $51.4M (15%) from $344M to $395M, while imports increased by $126M (242%) from $52.1M to $178M.

Trade In December 2024, the top exports of China to Venezuela were Air Conditioners ($15.6M), Rubber Footwear ($15.3M), Rubber Tires ($14.8M), Motorcycles and cycles ($14.3M), and Packaged Medicaments ($12.5M). In December 2024 the top imports of China from Venezuela were Refined Petroleum ($63.2M), Iron Ore ($37.3M), Petroleum Coke ($19.5M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($11.3M), and Scrap Copper ($5.93M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($95M), Zhejiang Province ($91.3M), Jiangsu Province ($36.7M), Shandong Province ($35.9M), and Sichuan Province ($23.1M), while imports destinations were mainly Beijing ($125M), Fujian Province ($18.4M), Jiangsu Province ($13.3M), Guangdong Province ($11M), and Zhejiang Province ($6.01M).

Growth In December 2024, the increase in China's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Refrigerators ($8.04M or 568%), Packaged Medicaments ($8M or 180%), and Reaction and Catalytic Products ($7.91M or 545k%). In December 2024, the increase in China's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in Iron Ore ($28.4M or 319%), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($5.91M or 110%), and Scrap Copper ($4.21M or 245%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$51.4M(15%)
IMPORT GROWTH (December 2023 - December 2024)$126M(242%)
MAIN EXPORTER (December 2024)Guangdong Province$95M

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 2023, China exported $3.45B to Venezuela. The main products exported from China to Venezuela were Motorcycles and cycles ($188M), Rubber Tires ($142M), and Video Displays ($125M). During the last 5 years the exports of China to Venezuela have increased at an annualized rate of 24.7%, from $1.15B in 2018 to $3.45B in 2023.

In 2018, Venezuela exported $739M to China. The main products exported from Venezuela to China were Petroleum Coke ($366M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($107M), and Iron Ore ($89.6M). During the last 5 years the exports of Venezuela to China have decreased at an annualized rate of 37%, from $7.43B in 2023 to $739M in 2018.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Venezuela
Top DestinationUnited States$3.81B

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.

In 2023, countries that imported more from China than Venezuela included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, no countries were registered that imported more from Venezuela than from China.

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

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 2023, China had a large net trade with Venezuela in the exports of Machines ($981M), Transportation ($480M), and Plastics and Rubbers ($409M).

During 2018, Venezuela had a large net trade with China in the exports of Mineral Products ($469M), Metals ($126M), and Chemical Products ($107M).

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) (2023)

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