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2022
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Exports $99.8MRnk 10 / 126
2022
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Top Product $15.2MNitrogenous Fertilizers
2022
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Exports $632MRnk 20 / 187
2022
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Top Product $48.2MConfectionery Sugar
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
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 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
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GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
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GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Venezuela-Colombia In 2022, Venezuela exported $99.8M to Colombia. The main products that Venezuela exported to Colombia are Nitrogenous Fertilizers ($15.2M), Cement ($10.4M), and Acyclic Alcohols ($9.63M). During the last 27 years the exports of Venezuela to Colombia have decreased at an annualized rate of 9.58%, from $1.51B in 1995 to $99.8M in 2022.

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

Colombia-Venezuela In 2022, Colombia exported $632M to Venezuela. The main products that Colombia exported to Venezuela were Confectionery Sugar ($48.2M), Propylene Polymers ($41.1M), and Palm Oil ($26.1M). During the last 27 years the exports of Colombia to Venezuela have decreased at an annualized rate of 1.61%, from $981M in 1995 to $632M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $99.8M to Colombia. The main products exported from Venezuela to Colombia were Nitrogenous Fertilizers ($15.2M), Cement ($10.4M), and Acyclic Alcohols ($9.63M). During the last 27 years the exports of Venezuela to Colombia have decreased at an annualized rate of 9.58%, from $1.51B in 1995 to $99.8M in 2022.

In 2022, Colombia exported $632M to Venezuela. The main products exported from Colombia to Venezuela were Confectionery Sugar ($48.2M), Propylene Polymers ($41.1M), and Palm Oil ($26.1M). During the last 27 years the exports of Colombia to Venezuela have decreased at an annualized rate of 1.61%, from $981M in 1995 to $632M in 2022.

Exports from Venezuela (Flag) to Colombia (Flag) (2022)

Exports from Colombia (Flag) to Venezuela (Flag) (2022)

Latest Data

Trade between Venezuela (Flag) and Colombia (Flag)

Colombia Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Colombia
Top DestinationUnited States$15.6B

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

In 2021, countries that imported more from Venezuela than Colombia were Lebanon ($150M), Montenegro ($75.9M), and Tunisia ($5.94M).

In 2021, countries that imported more from Colombia than Venezuela were United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

Difference in imports from Colombia (Flag) and Venezuela (Flag) (2022)

Comparative Advantage Venezuela - Colombia

Flow
Scale

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

During 2022, Venezuela had a large net trade with Colombia in the exports of Chemical Products ($28.1M), Metals ($22.7M), and Mineral Products ($11.9M).

During 2022, Colombia had a large net trade with Venezuela in the exports of Chemical Products ($155M), Foodstuffs ($111M), and Plastics and Rubbers ($110M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Venezuela has comparative advantage over Colombia. Similarly, the more yellow a dot/product is, the more Colombia has comparative advantage over Venezuela.

Product Space of Venezuela (Flag) and Colombia (Flag) (2022)

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