Venezuela (VEN) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Venezuela-Brazil Trade: In 2022, Venezuela exported $361M to Brazil. The main products that Venezuela exported to Brazil were Nitrogenous Fertilizers ($141M), Acyclic Alcohols ($100M), and Raw Aluminium ($71.7M). Over the past 5 years the exports of Venezuela to Brazil have decreased at an annualized rate of 1.93%, from $398M in 2017 to $361M in 2022.

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

Brazil-Venezuela Trade: In 2022, Brazil exported $1.33B to Venezuela. The main products that Brazil exported to Venezuela were Raw Sugar ($217M), Soybean Oil ($206M), and Malt Extract ($165M). Over the past 5 years the exports of Brazil to Venezuela have increased at an annualized rate of 23.1%, from $469M in 2017 to $1.33B in 2022.

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

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $361M to Brazil. The main products exported from Venezuela to Brazil were Nitrogenous Fertilizers ($141M), Acyclic Alcohols ($100M), and Raw Aluminium ($71.7M). During the last 5 years the exports of Venezuela to Brazil have decreased at an annualized rate of 1.93%, from $398M in 2017 to $361M in 2022.

In 2017, Brazil exported $1.33B to Venezuela. The main products exported from Brazil to Venezuela were Raw Sugar ($217M), Soybean Oil ($206M), and Malt Extract ($165M). During the last 5 years the exports of Brazil to Venezuela have increased at an annualized rate of 23.1%, from $469M in 2022 to $1.33B in 2017.

Exports from Venezuela () to Brazil () (2022)

Exports from Brazil () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Brazil ()

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Brazil
Top DestinationChina$90.1B

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

In 2022, countries that imported more from Venezuela than Brazil included Montenegro ($75.9M).

In 2022, countries that imported more from Brazil than Venezuela included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

Difference in imports from Brazil () and Venezuela () (2022)

Comparative Advantage Venezuela - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Brazil in the exports of Chemical Products ($254M), Metals ($80M), and Mineral Products ($20.7M).

During 2017, Brazil had a large net trade with Venezuela in the exports of Foodstuffs ($586M), Animal and Vegetable Bi-Products ($260M), and Vegetable Products ($222M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Brazil () (2022)

Exports from Brazil () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Brazil ()

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Venezuela () (2022)

Comparative Advantage Venezuela - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Brazil () (2022)

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