Brazil-Venezuela Bilateral Trade Analysis 2023
Complete trade statistics: $1.62B total volume •Brazil surplus: $684.74M
Brazil → Venezuela
$1.15B
Exports (2023)
Venezuela → Brazil
$468.00M
Imports (2023)
Trade Balance
$684.74M
Surplus for Brazil
Total Trade
$1.62B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Brazil and Venezuela. Green line shows exports from Brazil, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Brazil-Venezuela commercial relationship and competitive positioning in global markets.
Brazil → Venezuela Exports
Export Market Intelligence
🎯 Strategic Export Focus
Brazil's export portfolio to Venezuela demonstrates strategic specialization, with vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified representing a key competitive advantage in this bilateral market.
Venezuela → Brazil Imports
Import Dependency Profile
📦 Import Strategy Analysis
Brazil's import pattern from Venezuela reveals significant dependencyin fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Brazil demonstrates competitive strength in exportingvegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified to Venezuela, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.62B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Brazil-Venezuela Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.62 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Brazil maintains a surplus of $684.74 million
- Export Focus: Brazil's primary exports include vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified, cereals: maize (corn), other than seed, food preparations: of flour, meal, starch, malt extract or milk products, for uses n.e.c. in heading no. 1901
- Import Dependencies: Key imports from Venezuela include fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution, aluminium: unwrought, (not alloyed), alcohols: saturated monohydric, methanol (methyl alcohol)
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $1.62B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Brazil leveraging its comparative advantages in vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Brazil's specialization in vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modifiedcomplements Venezuela's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.62B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.62B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $1.62 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified and fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Brazil's trade surplus of $684.74 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Brazil and Venezuela represents a total trade volume of $1.62 billion in 2023. This partnership demonstrates a favorable trade balance for Brazil, with exports exceeding importsby $684.74 million.
Export Strengths
Brazil's exports to Venezuela total $1.15 billion, with competitive advantages in vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified, representing $137.74M or11.9% of bilateral exports.
Import Dependencies
Imports from Venezuela amount to $468.00 million, highlighting economic interdependence in fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution, with Fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution comprising44.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Brazil's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Brazil and Venezuela in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023