Venezuela (VEN) and United States (USA) Trade | The Observatory of Economic Complexity

About

Venezuela-United States In 2022, Venezuela exported $438M to United States. The main products that Venezuela exported to United States are Processed Crustaceans ($84.1M), Acyclic Alcohols ($83.5M), and Insulated Wire ($70.1M). During the last 27 years the exports of Venezuela to United States have decreased at an annualized rate of 11%, from $10B in 1995 to $438M in 2022.

In 2022, Venezuela did not export any services to United States.

United States-Venezuela In 2022, United States exported $2.21B to Venezuela. The main products that United States exported to Venezuela were Soybean Meal ($305M), Broadcasting Equipment ($166M), and Telephones ($151M). During the last 27 years the exports of United States to Venezuela have decreased at an annualized rate of 2.57%, from $4.47B in 1995 to $2.21B in 2022.

In 2017, United States exported services to Venezuela worth $3.29B, with Travel ($1.79B), Financial services ($431M), and Transportation ($349M) 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $438M to United States. The main products exported from Venezuela to United States were Processed Crustaceans ($84.1M), Acyclic Alcohols ($83.5M), and Insulated Wire ($70.1M). During the last 27 years the exports of Venezuela to United States have decreased at an annualized rate of 11%, from $10B in 1995 to $438M in 2022.

In 2022, United States exported $2.21B to Venezuela. The main products exported from United States to Venezuela were Soybean Meal ($305M), Broadcasting Equipment ($166M), and Telephones ($151M). During the last 27 years the exports of United States to Venezuela have decreased at an annualized rate of 2.57%, from $4.47B in 1995 to $2.21B in 2022.

Exports from Venezuela () to United States () (2022)

Exports from United States () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and United States ()

United States Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

United States
Top DestinationCanada$308B

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

In 2021, countries that imported more from Venezuela than United States were Montenegro ($75.9M).

In 2021, countries that imported more from United States than Venezuela were Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States () and Venezuela () (2022)

Comparative Advantage Venezuela - United States

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with United States in the exports of Foodstuffs ($122M), Chemical Products ($92.1M), and Machines ($71.7M).

During 2022, United States had a large net trade with Venezuela in the exports of Machines ($706M), Foodstuffs ($417M), and Vegetable Products ($277M).

Service Trade

Bilateral Service Trade

Usa Year

In 2017, United States exported services to Venezuela worth $3.29B, with Travel ($1.79B), Financial services ($431M), and Transportation ($349M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Venezuela () (2017)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Venezuela has comparative advantage over United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Venezuela.

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to United States () (2022)

Exports from United States () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and United States ()

United States Exports

Market Competitiveness

Difference in imports from United States () and Venezuela () (2022)

Comparative Advantage Venezuela - United States

Service Trade

Bilateral Service Trade

Services Exports from United States () to Venezuela () (2017)

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and United States () (2022)

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