Argentina (ARG) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Argentina-Venezuela Trade: In 2022, Argentina exported $172M to Venezuela. The main products that Argentina exported to Venezuela were Soybean Oil ($56.5M), Corn ($49.9M), and Dried Legumes ($44.1M). Over the past 5 years the exports of Argentina to Venezuela have decreased at an annualized rate of 6.85%, from $245M in 2017 to $172M in 2022.

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

Venezuela-Argentina Trade: In 2022, Venezuela exported $2.94M to Argentina. The main products that Venezuela exported to Argentina were Other Uncoated Paper ($1.12M), Aluminium Wire ($627k), and Motor vehicles; parts and accessories (8701 to 8705) ($446k). Over the past 5 years the exports of Venezuela to Argentina have decreased at an annualized rate of 23.1%, from $14.2M in 2017 to $2.94M in 2022.

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

Comparison: In 2022, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Argentina exported $172M to Venezuela. The main products exported from Argentina to Venezuela were Soybean Oil ($56.5M), Corn ($49.9M), and Dried Legumes ($44.1M). During the last 5 years the exports of Argentina to Venezuela have decreased at an annualized rate of 6.85%, from $245M in 2017 to $172M in 2022.

In 2017, Venezuela exported $2.94M to Argentina. The main products exported from Venezuela to Argentina were Other Uncoated Paper ($1.12M), Aluminium Wire ($627k), and Motor vehicles; parts and accessories (8701 to 8705) ($446k). During the last 5 years the exports of Venezuela to Argentina have decreased at an annualized rate of 23.1%, from $14.2M in 2022 to $2.94M in 2017.

Exports from Argentina () to Venezuela () (2022)

Exports from Venezuela () to Argentina () (2022)

Latest Data

Trade between Argentina () and Venezuela ()

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.6B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Argentina than Venezuela included Brazil ($12.6B), China ($8B), and United States ($6.99B).

In 2022, countries that imported more from Venezuela than Argentina included Montenegro ($75.9M), Lebanon ($150M), and Guyana ($28.9M).

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

Comparative Advantage Argentina - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Argentina had a large net trade with Venezuela in the exports of Vegetable Products ($97.7M), Animal and Vegetable Bi-Products ($56.5M), and Foodstuffs ($5.65M).

During 2017, Venezuela had a large net trade with Argentina in the exports of Paper Goods ($1.12M), Metals ($886k), and Transportation ($446k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Argentina () to Venezuela () (2022)

Exports from Venezuela () to Argentina () (2022)

Latest Data

Trade between Argentina () and Venezuela ()

Argentina Exports

Market Competitiveness

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

Comparative Advantage Argentina - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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