Brunei (BRN) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Brunei-Venezuela Trade: In 2019, Brunei exported $1.75k to Venezuela. The main products that Brunei exported to Venezuela were N/A. Over the past 7 years the exports of Brunei to Venezuela have decreased at an annualized rate of 25.3%, from $13.4k in 2012 to $1.75k in 2019.

In 2019, Brunei did not export any services to Venezuela.

Venezuela-Brunei Trade: In 2019, Venezuela exported $198k to Brunei. The main products that Venezuela exported to Brunei were Crustaceans ($138k), Non-fillet Frozen Fish ($31.2k), and Legumes ($13.2k). Over the past 7 years the exports of Venezuela to Brunei have increased at an annualized rate of 134%, from $522 in 2012 to $198k in 2019.

In 2019, Venezuela did not export any services to Brunei.

Comparison In 2022, Brunei ranked 90 in total exports ($14B), and does not have data regarding Economic Complexity Index. 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 2019, Brunei exported $1.75k to Venezuela. There were not main exports from Brunei to Venezuela in 2019. During the last 7 years the exports of Brunei to Venezuela have decreased at an annualized rate of 25.3%, from $13.4k in 2012 to $1.75k in 2019.

In 2017, Venezuela exported $198k to Brunei. The main products exported from Venezuela to Brunei were Crustaceans ($138k), Non-fillet Frozen Fish ($31.2k), and Legumes ($13.2k). During the last 5 years the exports of Venezuela to Brunei have increased at an annualized rate of 134%, from $522 in 2022 to $198k in 2017.

Exports from Brunei () to Venezuela () (2022)

Exports from Venezuela () to Brunei () (2022)

Latest Data

Trade between Brunei () and Venezuela ()

Brunei Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Brunei
Top DestinationAustralia$2.66B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Brunei than Venezuela included Australia ($2.66B), Japan ($2.32B), and Singapore ($1.97B).

In 2022, countries that imported more from Venezuela than Brunei included Turkey ($597M), Spain ($518M), and United States ($438M).

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

Comparative Advantage Brunei - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Brunei had a large net trade with Venezuela in the exports of .

During 2017, Venezuela had a large net trade with Brunei in the exports of Animal Products ($169k), Vegetable Products ($23.4k), and Machines ($4.17k).

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 Brunei and Venezuela. This means that a dot/product with the flag of Brunei indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Brunei.

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Historical Data

Bilateral Trade by Products

Exports from Brunei () to Venezuela () (2022)

Exports from Venezuela () to Brunei () (2022)

Latest Data

Trade between Brunei () and Venezuela ()

Brunei Exports

Market Competitiveness

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

Comparative Advantage Brunei - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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