Venezuela (VEN) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Venezuela-Canada Trade: In 2022, Venezuela exported $10.7M to Canada. The main products that Venezuela exported to Canada were Acyclic Alcohols ($4.94M), Cocoa Paste ($1.19M), and Non-fillet Fresh Fish ($1.12M). Over the past 5 years the exports of Venezuela to Canada have decreased at an annualized rate of 3.67%, from $12.9M in 2017 to $10.7M in 2022.

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

Canada-Venezuela Trade: In 2022, Canada exported $140M to Venezuela. The main products that Canada exported to Venezuela were Wheat ($106M), Dried Legumes ($13.3M), and Cars ($6.8M). Over the past 5 years the exports of Canada to Venezuela have decreased at an annualized rate of 1.58%, from $152M in 2017 to $140M in 2022.

In 2020, Canada exported services to Venezuela worth $17.9M, with Travel ($17.9M) 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $10.7M to Canada. The main products exported from Venezuela to Canada were Acyclic Alcohols ($4.94M), Cocoa Paste ($1.19M), and Non-fillet Fresh Fish ($1.12M). During the last 5 years the exports of Venezuela to Canada have decreased at an annualized rate of 3.67%, from $12.9M in 2017 to $10.7M in 2022.

In 2017, Canada exported $140M to Venezuela. The main products exported from Canada to Venezuela were Wheat ($106M), Dried Legumes ($13.3M), and Cars ($6.8M). During the last 5 years the exports of Canada to Venezuela have decreased at an annualized rate of 1.58%, from $152M in 2022 to $140M in 2017.

Exports from Venezuela () to Canada () (2022)

Exports from Canada () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Canada ()

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Venezuela than Canada included Montenegro ($75.9M) and Bosnia and Herzegovina ($10.1M).

In 2022, countries that imported more from Canada than Venezuela included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Venezuela - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Canada in the exports of Chemical Products ($4.99M), Foodstuffs ($2.36M), and Animal Products ($1.86M).

During 2017, Canada had a large net trade with Venezuela in the exports of Vegetable Products ($121M), Transportation ($8.17M), and Machines ($3.68M).

Potential Exports

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Bilateral Service Trade

Can Year

In 2020, Canada exported services to Venezuela worth $17.9M, with Travel ($17.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Canada () (2022)

Exports from Canada () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Canada ()

Canada Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Canada () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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