Venezuela-Brazil Bilateral Trade Analysis 2023
Complete trade statistics: $1.62B total volume •Venezuela deficit: $684.74M
Venezuela → Brazil
$468.00M
Exports (2023)
Brazil → Venezuela
$1.15B
Imports (2023)
Trade Balance
$684.74M
Deficit for Venezuela
Total Trade
$1.62B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Venezuela and Brazil. Green line shows exports from Venezuela, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Venezuela-Brazil commercial relationship and competitive positioning in global markets.
Venezuela → Brazil Exports
Export Market Intelligence
🎯 Strategic Export Focus
Venezuela's export portfolio to Brazil demonstrates strategic specialization, with fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution representing a key competitive advantage in this bilateral market.
Brazil → Venezuela Imports
Import Dependency Profile
📦 Import Strategy Analysis
Venezuela's import pattern from Brazil reveals significant dependencyin vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Venezuela demonstrates competitive strength in exportingfertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution to Brazil, 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: Venezuela-Brazil Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.62 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Venezuela maintains a deficit of $684.74 million
- Export Focus: Venezuela's primary exports include fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution, aluminium: unwrought, (not alloyed), alcohols: saturated monohydric, methanol (methyl alcohol)
- Import Dependencies: Key imports from Brazil 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
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 Venezuela leveraging its comparative advantages in fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution.
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
Venezuela's specialization in fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solutioncomplements Brazil's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified.
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 fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution and vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Venezuela's trade deficit of $684.74 million impacts 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 Venezuela and Brazil represents a total trade volume of $1.62 billion in 2023. This partnership demonstrates an unfavorable trade balance for Venezuela, with imports exceeding exportsby $684.74 million.
Export Strengths
Venezuela's exports to Brazil total $468.00 million, with competitive advantages in fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution, representing $208.33M or44.5% of bilateral exports.
Import Dependencies
Imports from Brazil amount to $1.15 billion, highlighting economic interdependence in vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified, with Vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified comprising11.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Venezuela's strategic sourcing from Brazil. 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 Venezuela and Brazil in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023