Venezuela (VEN) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

About

Venezuela-Bolivia Trade: In 2022, Venezuela exported $1.99M to Bolivia. The main products that Venezuela exported to Bolivia were Cocoa Powder ($476k), Other Oily Seeds ($416k), and Sulphur ($355k). Over the past 5 years the exports of Venezuela to Bolivia have decreased at an annualized rate of 18.9%, from $5.68M in 2017 to $1.99M in 2022.

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

Bolivia-Venezuela Trade: In 2022, Bolivia exported $2.5M to Venezuela. The main products that Bolivia exported to Venezuela were Refined Petroleum ($1.44M), Hair Products ($237k), and Other Processed Fruits and Nuts ($218k). Over the past 5 years the exports of Bolivia to Venezuela have decreased at an annualized rate of 33.9%, from $19.9M in 2017 to $2.5M in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $1.99M to Bolivia. The main products exported from Venezuela to Bolivia were Cocoa Powder ($476k), Other Oily Seeds ($416k), and Sulphur ($355k). During the last 5 years the exports of Venezuela to Bolivia have decreased at an annualized rate of 18.9%, from $5.68M in 2017 to $1.99M in 2022.

In 2017, Bolivia exported $2.5M to Venezuela. The main products exported from Bolivia to Venezuela were Refined Petroleum ($1.44M), Hair Products ($237k), and Other Processed Fruits and Nuts ($218k). During the last 5 years the exports of Bolivia to Venezuela have decreased at an annualized rate of 33.9%, from $19.9M in 2022 to $2.5M in 2017.

Exports from Venezuela () to Bolivia () (2022)

Exports from Bolivia () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Bolivia ()

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Venezuela than Bolivia included Turkey ($597M), Spain ($518M), and Lebanon ($150M).

In 2022, countries that imported more from Bolivia than Venezuela included India ($2.27B), Argentina ($1.76B), and Brazil ($1.89B).

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

Comparative Advantage Venezuela - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Bolivia in the exports of Mineral Products ($724k), Foodstuffs ($527k), and Vegetable Products ($416k).

During 2017, Bolivia had a large net trade with Venezuela in the exports of Mineral Products ($1.44M), Chemical Products ($302k), and Foodstuffs ($218k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Bolivia () (2022)

Exports from Bolivia () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Bolivia ()

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Bolivia

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 Bolivia () (2022)

Keep Exploring