Venezuela (VEN) and Chile (CHL) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $12.7M in 2022.

In 2017, 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 2022 to $105M in 2017.

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

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

Latest Data

Trade between Venezuela () and Chile ()

Chile Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Chile
Top DestinationChina$38.5B

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

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

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

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

Comparative Advantage Venezuela - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Chile in the exports of Foodstuffs ($6.87M), Metals ($2.13M), and Vegetable Products ($1.6M).

During 2017, Chile had a large net trade with Venezuela in the exports of Vegetable Products ($36.6M), Foodstuffs ($33M), and Paper Goods ($7.74M).

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 Chile. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Venezuela () and Chile ()

Chile Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Chile

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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