2022
Flag  
GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
12.7%CURRENT US$
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2022
Flag
GDP PC 
$15,356CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
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About

Chile-Venezuela In 2022, Chile exported $105M to Venezuela. The main products that Chile exported to Venezuela are Processed Tomatoes ($20.8M), Processed Cereals ($13.9M), and Apples and Pears ($9.63M). During the last 27 years the exports of Chile to Venezuela have decreased at an annualized rate of 0.98%, from $136M in 1995 to $105M in 2022.

In 2009, Chile exported services to Venezuela worth $38.8M, with Transportation ($38.8M) being the largest in terms of value.

Venezuela-Chile In 2022, Venezuela exported $12.7M to Chile. The main products that Venezuela exported to Chile were Stranded Aluminium Wire ($1.77M), Cereal Flours ($1.53M), and Other Processed Fruits and Nuts ($1.39M). During the last 27 years the exports of Venezuela to Chile have decreased at an annualized rate of 9.75%, from $203M in 1995 to $12.7M in 2022.

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

Comparison In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). 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
Value

In 2022, Chile exported $105M to Venezuela. The main products exported from Chile to Venezuela were Processed Tomatoes ($20.8M), Processed Cereals ($13.9M), and Apples and Pears ($9.63M). During the last 27 years the exports of Chile to Venezuela have decreased at an annualized rate of 0.98%, from $136M in 1995 to $105M in 2022.

In 2022, Venezuela exported $12.7M to Chile. The main products exported from Venezuela to Chile were Stranded Aluminium Wire ($1.77M), Cereal Flours ($1.53M), and Other Processed Fruits and Nuts ($1.39M). During the last 27 years the exports of Venezuela to Chile have decreased at an annualized rate of 9.75%, from $203M in 1995 to $12.7M in 2022.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Venezuela
Top Destination
China$703M

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

In 2021, countries that imported more from Chile than Venezuela were China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2021, countries that imported more from Venezuela than Chile were Turkey ($597M), Lebanon ($150M), and Montenegro ($75.9M).

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

Comparative Advantage Chile - Venezuela

Flow
Scale

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

During 2022, Chile had a large net trade with Venezuela in the exports of Vegetable Products ($36.6M), Foodstuffs ($33M), and Paper Goods ($7.74M).

During 2022, Venezuela had a large net trade with Chile in the exports of Foodstuffs ($6.87M), Metals ($2.13M), and Vegetable Products ($1.6M).

Service Trade

Bilateral Service Trade

Chl Year

In 2009, Chile exported services to Venezuela worth $38.8M, with Transportation ($38.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Chile (Flag) to Venezuela (Flag) (2009)

Economic Complexity

Competitive Landscape

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 Chile has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Chile.

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

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