2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC
$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195

About

Venezuela-Chile Trade: In 2023, Venezuela exported $14.3M to Chile. The main products that Venezuela exported to Chile were Nitrogenous Fertilizers ($4.41M), Other Processed Fruits and Nuts ($1.51M), and Chocolate ($1.27M). Over the past 5 years the exports of Venezuela to Chile have decreased at an annualized rate of 16.7%, from $35.6M in 2018 to $14.3M in 2023.

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

Chile-Venezuela Trade: In 2023, Chile exported $81M to Venezuela. The main products that Chile exported to Venezuela were Apples and Pears ($10.8M), Processed Cereals ($10.6M), and Processed Tomatoes ($9.19M). Over the past 5 years the exports of Chile to Venezuela have increased at an annualized rate of 1.91%,  from $73.6M in 2018 to $81M in 2023.

In 2009, Chile exported services to Venezuela worth $38.8M, with Transportation ($38.8M) being the largest in terms of value.

Comparison: In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Venezuela exported $14.3M to Chile. The main products exported from Venezuela to Chile were Nitrogenous Fertilizers ($4.41M), Other Processed Fruits and Nuts ($1.51M), and Chocolate ($1.27M). During the last 5 years the exports of Venezuela to Chile have decreased at an annualized rate of 16.7%, from $35.6M in 2018 to $14.3M in 2023.

In 2018, Chile exported $81M to Venezuela. The main products exported from Chile to Venezuela were Apples and Pears ($10.8M), Processed Cereals ($10.6M), and Processed Tomatoes ($9.19M). During the last 5 years the exports of Chile to Venezuela have increased at an annualized rate of 1.91%, from $73.6M in 2023 to $81M in 2018.

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

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

Latest Data

Trade between Venezuela (Flag) and Chile (Flag)

Chile Exports

Market Competitiveness

Color
Venezuela
Top Destination
United States$3.81B
Chile
Top Destination
China$38.2B

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 2023, countries that imported more from Venezuela than Chile included Turkey ($364M), Lebanon ($106M), and Dominica ($10.5M).

In 2023, countries that imported more from Chile than Venezuela included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Venezuela - Chile

Flow
Scale

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

During 2023, Venezuela had a large net trade with Chile in the exports of Foodstuffs ($7.16M), Chemical Products ($5.63M), and Animal Products ($477k).

During 2018, Chile had a large net trade with Venezuela in the exports of Vegetable Products ($32.9M), Foodstuffs ($17.2M), and Paper Goods ($6.97M).

Economic Complexity

Competitive Landscape

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.

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

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