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2022
Flag → Flag
Exports $438MRnk 4 / 126
2022
Flag → Flag
Top Product $84.1MProcessed Crustaceans
2022
Flag → Flag
Exports $2.21BRnk 66 / 219
2022
Flag → Flag
Top Product $305MSoybean Meal
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Venezuela-United States Trade: In 2022, Venezuela exported $438M to United States. The main products that Venezuela exported to United States were Processed Crustaceans ($84.1M), Acyclic Alcohols ($83.5M), and Insulated Wire ($70.1M). Over the past 5 years the exports of Venezuela to United States have decreased at an annualized rate of 49%, from $12.7B in 2017 to $438M in 2022.

In 2022, Venezuela did not export any services to United States.

United States-Venezuela Trade: In 2022, United States exported $2.21B to Venezuela. The main products that United States exported to Venezuela were Soybean Meal ($305M), Broadcasting Equipment ($166M), and Telephones ($151M). Over the past 5 years the exports of United States to Venezuela have decreased at an annualized rate of 11%,  from $3.97B in 2017 to $2.21B in 2022.

In 2017, United States exported services to Venezuela worth $3.29B, with Travel ($1.79B), Financial services ($431M), and Transportation ($349M) 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $438M to United States. The main products exported from Venezuela to United States were Processed Crustaceans ($84.1M), Acyclic Alcohols ($83.5M), and Insulated Wire ($70.1M). During the last 5 years the exports of Venezuela to United States have decreased at an annualized rate of 49%, from $12.7B in 2017 to $438M in 2022.

In 2017, United States exported $2.21B to Venezuela. The main products exported from United States to Venezuela were Soybean Meal ($305M), Broadcasting Equipment ($166M), and Telephones ($151M). During the last 5 years the exports of United States to Venezuela have decreased at an annualized rate of 11%, from $3.97B in 2022 to $2.21B in 2017.

Exports from Venezuela (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Venezuela (Flag) (2022)

Latest Data

Trade between Venezuela (Flag) and United States (Flag)

United States Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Venezuela than United States included Montenegro ($75.9M).

In 2022, countries that imported more from United States than Venezuela included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Venezuela (Flag) (2022)

Comparative Advantage Venezuela - United States

Flow
Scale

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

During 2022, Venezuela had a large net trade with United States in the exports of Foodstuffs ($122M), Chemical Products ($92.1M), and Machines ($71.7M).

During 2017, United States had a large net trade with Venezuela in the exports of Machines ($706M), Foodstuffs ($417M), and Vegetable Products ($277M).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and United States (Flag) (2022)

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