Venezuela (VEN) and Burma (MMR) Trade | The Observatory of Economic Complexity

About

Venezuela-Burma Trade: In 2022, Venezuela exported $52.6k to Burma. The main products that Venezuela exported to Burma were Heavy Synthetic Cotton Fabrics ($46.8k), Non-woven Textiles ($2.69k), and Twine and Rope ($1.8k). Over the past 5 years the exports of Venezuela to Burma have decreased at an annualized rate of 44%, from $959k in 2017 to $52.6k in 2022.

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

Burma-Venezuela Trade: In 2022, Burma exported $568k to Venezuela. The main products that Burma exported to Venezuela were Non-Knit Women's Coats ($280k), Knit Women's Suits ($126k), and Knit T-shirts ($80.5k). Over the past 5 years the exports of Burma to Venezuela have decreased at an annualized rate of 24%, from $2.24M in 2017 to $568k in 2022.

In 2022, Burma 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, Burma ranked 102 in the Economic Complexity Index (ECI -0.84), and 72 in total exports ($26.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $52.6k to Burma. The main products exported from Venezuela to Burma were Heavy Synthetic Cotton Fabrics ($46.8k), Non-woven Textiles ($2.69k), and Twine and Rope ($1.8k). During the last 5 years the exports of Venezuela to Burma have decreased at an annualized rate of 44%, from $959k in 2017 to $52.6k in 2022.

In 2017, Burma exported $568k to Venezuela. The main products exported from Burma to Venezuela were Non-Knit Women's Coats ($280k), Knit Women's Suits ($126k), and Knit T-shirts ($80.5k). During the last 5 years the exports of Burma to Venezuela have decreased at an annualized rate of 24%, from $2.24M in 2022 to $568k in 2017.

Exports from Venezuela () to Burma () (2022)

Exports from Burma () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Burma ()

Burma Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Burma
Top DestinationChina$9.62B

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

In 2022, countries that imported more from Venezuela than Burma included Turkey ($597M), Brazil ($361M), and Lebanon ($150M).

In 2022, countries that imported more from Burma than Venezuela included China ($9.62B), Thailand ($3.48B), and Germany ($1.68B).

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

Comparative Advantage Venezuela - Burma

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Burma in the exports of Textiles ($52.6k).

During 2017, Burma had a large net trade with Venezuela in the exports of Textiles ($568k).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Burma () (2022)

Exports from Burma () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Burma ()

Burma Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Burma

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring