Venezuela / Colombia | The Observatory of Economic Complexity

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In N/A, Venezuela did not export any services to Colombia.

Colombia-Venezuela Trade: In N/A, Colombia exported $673M to Venezuela. The main products that Colombia exported to Venezuela were Confectionery Sugar ($61.9M), Baked Goods ($27.8M), and Mixed Mineral or Chemical Fertilizers ($26.8M). Over the past N/A years the exports of Colombia to Venezuela have increased at an annualized rate of 13.7%, from $354M in N/A to $673M in N/A.

In N/A, Colombia did not export any services to Venezuela.

Comparison: In 2023, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Venezuela does not register exports to Colombia. The main products exported from Venezuela to Colombia were Nitrogenous Fertilizers ($39.6M), Electric Batteries ($12.3M), and Tissue ($10.9M).

In 2018, Colombia exported $673M to Venezuela. The main products exported from Colombia to Venezuela were Confectionery Sugar ($61.9M), Baked Goods ($27.8M), and Mixed Mineral or Chemical Fertilizers ($26.8M). During the last 5 years the exports of Colombia to Venezuela have increased at an annualized rate of 13.7%, from $354M in 2023 to $673M in 2018.

Exports from Venezuela () to Colombia () (2023)

Exports from Colombia () to Venezuela () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationUnited States$3.81B

Colombia
Top DestinationUnited States$14.8B

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 2023, countries that imported more from Venezuela than Colombia included Lebanon ($106M), Tunisia ($10.7M), and Dominica ($10.5M).

In 2023, countries that imported more from Colombia than Venezuela included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

Difference in imports from Colombia () and Venezuela () (2023)

Comparative Advantage Venezuela - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Colombia had a large net trade with Venezuela in the exports of Chemical Products ($167M), Foodstuffs ($160M), and Plastics and Rubbers ($79.3M).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Colombia () (2023)

Exports from Colombia () to Venezuela () (2023)

Market Competitiveness

Difference in imports from Colombia () and Venezuela () (2023)

Comparative Advantage Venezuela - Colombia

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Colombia () (2023)

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