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2022
Flag → Flag
Exports $1.33BRnk 46 / 223
2022
Flag → Flag
Top Product $217MRaw Sugar
2022
Flag → Flag
Exports $361MRnk 5 / 126
2022
Flag → Flag
Top Product $141MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

Brazil-Venezuela Trade: In 2022, Brazil exported $1.33B to Venezuela. The main products that Brazil exported to Venezuela were Raw Sugar ($217M), Soybean Oil ($206M), and Malt Extract ($165M). Over the past 5 years the exports of Brazil to Venezuela have increased at an annualized rate of 23.1%, from $469M in 2017 to $1.33B in 2022.

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

Venezuela-Brazil Trade: In 2022, Venezuela exported $361M to Brazil. The main products that Venezuela exported to Brazil were Nitrogenous Fertilizers ($141M), Acyclic Alcohols ($100M), and Raw Aluminium ($71.7M). Over the past 5 years the exports of Venezuela to Brazil have decreased at an annualized rate of 1.93%,  from $398M in 2017 to $361M in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Brazil exported $142M and imported $41.2M from Venezuela, resulting in a positive trade balance of $101M. Between July 2023 and July 2024 the exports of Brazil have increased by $40.5M (40.1%) from $101M to $142M, while imports increased by $3.01M (7.88%) from $38.2M to $41.2M.

Trade In July 2024, the top exports of Brazil to Venezuela were Malt Extract ($18.8M), Soybean Oil ($15.4M), Raw Sugar ($9.65M), Rice ($8.52M), and Sausages ($7.11M). In July 2024 the top imports of Brazil from Venezuela were Nitrogenous Fertilizers ($17.8M), Raw Aluminium ($11.4M), Acyclic Alcohols ($2.45M), Molybdenum Ore ($1.57M), and Carbon ($997k).

Origins In July 2024 the exports of Brazil were mainly from Mato Grosso ($31.1M), Rio Grande do Sul ($25.3M), São Paulo ($19.8M), Paraná ($11.6M), and Mato Grosso do Sul ($9.29M), while imports destinations were mainly Santa Catarina ($23.8M), Amazonas ($6.63M), Paraná ($5.24M), Paraíba ($2.22M), and São Paulo ($1.86M).

Growth In July 2024, the increase in Brazil's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Malt Extract ($8.16M or 77%), Soybean Oil ($4.1M or 36.4%), and Rice ($2.11M or 32.9%). In July 2024, the increase in Brazil's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in Raw Aluminium ($2.32M or 25.6%), Carbon ($789k or 378%), and Polyacetals ($325k or 310%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$40.5M(40.1%)
IMPORT GROWTH (July 2023 - July 2024)$3.01M(7.88%)
MAIN EXPORTER (July 2024)Mato Grosso$31.1M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Venezuela and Brazil trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $1.33B to Venezuela. The main products exported from Brazil to Venezuela were Raw Sugar ($217M), Soybean Oil ($206M), and Malt Extract ($165M). During the last 5 years the exports of Brazil to Venezuela have increased at an annualized rate of 23.1%, from $469M in 2017 to $1.33B in 2022.

In 2017, Venezuela exported $361M to Brazil. The main products exported from Venezuela to Brazil were Nitrogenous Fertilizers ($141M), Acyclic Alcohols ($100M), and Raw Aluminium ($71.7M). During the last 5 years the exports of Venezuela to Brazil have decreased at an annualized rate of 1.93%, from $398M in 2022 to $361M in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Brazil than Venezuela included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

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

Comparative Advantage Brazil - Venezuela

Flow
Scale

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

During 2022, Brazil had a large net trade with Venezuela in the exports of Foodstuffs ($586M), Animal and Vegetable Bi-Products ($260M), and Vegetable Products ($222M).

During 2017, Venezuela had a large net trade with Brazil in the exports of Chemical Products ($254M), Metals ($80M), and Mineral Products ($20.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Venezuela+N/AN/A
Top Product Potential Venezuela Brazil+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

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

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

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