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Trade between Brazil and Venezuela

In 2024, Brazil exported $1.2 billion to Venezuela and imported $472 million. Brazil ran a surplus of $728 million with Venezuela, compared with a surplus of $328 million in 2019. Venezuela was Brazil’s 53rd largest trading partner (0.3% of its trade), and Brazil was Venezuela’s 4th (6%).

Summary

Brazil → Venezuela
$1.2billion
Venezuela → Brazil
$472million
Brazil’s balance
$728million

Balance

Brazil’s trade balance with Venezuela

Trade between Brazil and Venezuela grew 12% since 1995

USD billions (current). Brazil’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.2
  • Imports 0.5
  • Balance +0.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$509 million$982 million-$474 million
1996$483 million$1 billion-$550 million
1997$764 million$1.1 billion-$364 million
1998$701 million$871 million-$170 million
1999$529 million$1 billion-$503 million
2000$766 million$1.4 billion-$638 million
2001$1.1 billion$821 million$243 million
2002$810 million$708 million$102 million
2003$667 million$318 million$349 million
2004$1.5 billion$311 million$1.2 billion
2005$2.3 billion$1 billion$1.3 billion
2006$3.2 billion$1.9 billion$1.3 billion
2007$3.9 billion$391 million$3.5 billion
2008$4.7 billion$2.3 billion$2.4 billion
2009$3.6 billion$652 million$2.9 billion
2010$3.7 billion$945 million$2.7 billion
2011$4.3 billion$1.4 billion$3 billion
2012$5 billion$1 billion$4 billion
2013$4.3 billion$1.3 billion$3.1 billion
2014$4.6 billion$1.3 billion$3.3 billion
2015$3 billion$747 million$2.2 billion
2016$1.3 billion$457 million$824 million
2017$469 million$429 million$40 million
2018$576 million$188 million$387 million
2019$421 million$93 million$328 million
2020$782 million$92 million$691 million
2021$1.1 billion$184 million$902 million
2022$1.3 billion$405 million$923 million
2023$1.2 billion$468 million$685 million
2024$1.2 billion$472 million$728 million

What they sell each other

What Brazil sells to Venezuela

The top 10 headings in 2024, with their share of the total.

  1. Cane and beet sugar$212 million · 17.7%
    379 thousand tonnes · Brazil’s destinations
  2. Malt extract and food mixes$127 million · 10.6%
    50 thousand tonnes
  3. Corn$110 million · 9.1%
    530 thousand tonnes · Brazil’s destinations
  4. Soybean oil$83 million · 6.9%
    64 thousand tonnes
  5. Rice$60 million · 5%
    139 thousand tonnes
  6. Other food preparations$48 million · 4%
    4 thousand tonnes
  7. 40 thousand tonnes
  8. Cars$34 million · 2.9%
    3 thousand tonnes · Brazil’s destinations
  9. Margarine$34 million · 2.8%
    17 thousand tonnes
  10. 20 thousand tonnes

What Venezuela sells to Brazil

The top 10 headings in 2024, with their share of the total.

  1. Nitrogen fertilizers$185 million · 39.1%
    526 thousand tonnes
  2. Unwrought aluminum$108 million · 22.9%
    45 thousand tonnes
  3. Alcohols$83 million · 17.5%
    255 thousand tonnes
  4. Petroleum coke and bitumen$45 million · 9.5%
    454 thousand tonnes
  5. 11 thousand tonnes
  6. Hot-rolled flat steel$10 million · 2.2%
    19 thousand tonnes
  7. Refined petroleum$7 million · 1.6%
    17 thousand tonnes · Brazil’s sources
  8. Aluminum wire$5 million · 0.97%
    2 thousand tonnes
  9. Steel wire rod$4 million · 0.94%
    8 thousand tonnes
  10. Asphalt mixtures$3 million · 0.54%
    5 thousand tonnes

How it travels

Estimated sea route from Santos to Puerto La Cruz.

The estimated sea route between Santos and Puerto La Cruz is 3,586 nautical miles (6,641 km) long: ≈ 8.5–10.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$876 million · 52.4%
  2. Land$796 million · 47.6%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Venezuela was Brazil’s 53rd largest trading partner (0.3% of its trade), and Brazil was Venezuela’s 4th (6%).

Venezuela in Brazil’s trade
0.3%
Venezuela’s rank among Brazil’s partners
53rd
Brazil in Venezuela’s trade
6.1%
Brazil’s rank among Venezuela’s partners
4th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.