Venezuela-Guatemala Bilateral Trade Analysis 2023
Complete trade statistics: $50.19M total volume •Venezuela surplus: $50.19M
Venezuela → Guatemala
$50.19M
Exports (2023)
Guatemala → Venezuela
$0
Imports (2023)
Trade Balance
$50.19M
Surplus for Venezuela
Total Trade
$50.19M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Venezuela and Guatemala. 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-Guatemala commercial relationship and competitive positioning in global markets.
Venezuela → Guatemala Exports
Export Market Intelligence
🎯 Strategic Export Focus
Venezuela's export portfolio to Guatemala demonstrates strategic specialization, with fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 representing a key competitive advantage in this bilateral market.
Guatemala → Venezuela Imports
Import Dependency Profile
📦 Import Strategy Analysis
Venezuela's import pattern from Guatemala reveals significant dependencyin scouring pastes and powders and other scouring preparations: (whether or not in the form of paper, wadding, felt, nonwovens, cellular plastics, cellular rubber, impregnated, coated or covered), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Venezuela demonstrates competitive strength in exportingfish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 to Guatemala, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $50.19M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Venezuela-Guatemala Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $50.19 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Venezuela maintains a surplus of $50.19 million
- Export Focus: Venezuela's primary exports include fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight less than 0.25% of carbon, other than rectangular or square cross-section, iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring less than 14mm in diameter
- Import Dependencies: Key imports from Guatemala include scouring pastes and powders and other scouring preparations: (whether or not in the form of paper, wadding, felt, nonwovens, cellular plastics, cellular rubber, impregnated, coated or covered), furniture incorporating refrigerating or freezing equipment: for storage and display, n.e.c. in item no. 8418.1, 8418.2, 8418.3 or 8418.4 (chests, cabinets, display counters, show-cases and the like), medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
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 $50.19M 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 fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99.
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 fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99complements Guatemala's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in scouring pastes and powders and other scouring preparations: (whether or not in the form of paper, wadding, felt, nonwovens, cellular plastics, cellular rubber, impregnated, coated or covered).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $50.19M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $50.19M 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 $50.19 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 and scouring pastes and powders and other scouring preparations: (whether or not in the form of paper, wadding, felt, nonwovens, cellular plastics, cellular rubber, impregnated, coated or covered) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Venezuela's trade surplus of $50.19 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 Venezuela and Guatemala represents a total trade volume of $50.19 million in 2023. This partnership demonstrates a favorable trade balance for Venezuela, with exports exceeding importsby $50.19 million.
Export Strengths
Venezuela's exports to Guatemala total $50.19 million, with competitive advantages in fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, representing $19.40M or38.7% of bilateral exports.
Import Dependencies
Imports from Guatemala amount to $0.00, highlighting economic interdependence in scouring pastes and powders and other scouring preparations: (whether or not in the form of paper, wadding, felt, nonwovens, cellular plastics, cellular rubber, impregnated, coated or covered), with Scouring pastes and powders and other scouring preparations: (whether or not in the form of paper, wadding, felt, nonwovens, cellular plastics, cellular rubber, impregnated, coated or covered) comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Venezuela'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 Venezuela and Guatemala in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023