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

About

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 24%, from $19.6M in 2018 to $57.7M in 2023.

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

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥1.09B and imported ¥172M from Venezuela, resulting in a positive trade balance of ¥919M. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-166M (-13.2%) from ¥1.26B to ¥1.09B, while imports increased by ¥107M (164%) from ¥65.1M to ¥172M.

Trade In November 2024, the top exports of Japan to Venezuela were Cars (¥150M), Spark-Ignition Engines (¥52.9M), Motorcycles and cycles (¥48.5M), Rubber Tires (¥37.5M), and Delivery Trucks (¥31.5M). In November 2024 the top imports of Japan from Venezuela were Non-Iron and Steel Slag, Ash and... (¥36.5M), Raw Aluminium (¥28.4M), Cocoa Beans (¥10.3M), and Hard Liquor (¥1.09M).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥784M), Kanagawa (¥104M), Shizuoka (¥91.4M), Osaka (¥34.8M), and Hyōgo (¥32.8M), while imports destinations were mainly Kanagawa (¥162M), Aichi (¥8.68M), Chiba (¥1.51M), and Tokyo (¥204k).

Growth In November 2024, the decrease in Japan's year-by-year exports to Venezuela was explained primarily by an decrease in product exports in Valves (¥-13.7M or -96.1%), Liquid Pumps (¥-6.64M or -67.9%), and Motor vehicles; parts and accessories (8701... (¥-5.09M or -24.1%). In November 2024, the increase in Japan'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 (November 2023 - November 2024)¥-166M(-13.2%)
IMPORT GROWTH (November 2023 - November 2024)¥107M(164%)
MAIN EXPORTER (November 2024)Aichi¥784M

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

To check Venezuela and Japan 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, 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 24%, from $19.6M in 2018 to $57.7M in 2023.

In 2018, 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 2023 to $13.2M in 2018.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Japan - Venezuela

Flow
Scale

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

During 2023, Japan had a large net trade with Venezuela in the exports of Transportation ($43.6M), Machines ($9.2M), and Chemical Products ($1.27M).

During 2018, Venezuela had a large net trade with Japan in the exports of Foodstuffs ($6.67M), Metals ($6.19M), and Mineral Products ($339k).

Economic Complexity

Competitive Landscape

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

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

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