{"id":97131,"date":"2026-01-07T13:19:36","date_gmt":"2026-01-07T16:19:36","guid":{"rendered":"https:\/\/murray.adv.br\/?p=97131"},"modified":"2026-01-07T13:19:36","modified_gmt":"2026-01-07T16:19:36","slug":"venezuela-makes-up-only-0-24-of-brazilian-trade","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/venezuela-makes-up-only-0-24-of-brazilian-trade\/","title":{"rendered":"Venezuela makes up only 0.24% of Brazilian trade"},"content":{"rendered":"
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Collapse of country\u2019s economy reduced importance of bilateral trade since 2013<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n
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01\/07\/2026\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Venezuela\u2019s share of Brazilian exports, which came close to 3% in 2007, fell to just 0.24% in 2025, according to foreign trade statistics from the Ministry of Development, Industry, Trade and Services (MDIC).<\/p>\n<\/div>\n

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The loss of relevance is also seen in Brazilian imports from the neighboring country, which declined from 3.86% in 2007 to 0.12% in 2025.<\/p>\n<\/div>\n

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In absolute terms, Brazilian exports to Venezuela stood at nearly $5 billion a year between 2011 and 2014, a level also close to that recorded in 2007 and 2008. Since 2013, however, there has been a sharp slowdown.<\/p>\n<\/div>\n

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Last year, Brazil\u2019s exports to Venezuela totaled less than $1 billion ($838.2 million), something that had not occurred since 2020. The figure represents a drop of nearly 30% compared with 2024. On the import side, the value fell 17.3% over the same comparison period, to $349.1 million.<\/p>\n<\/div>\n

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The decline in bilateral trade follows the weakening of Venezuela\u2019s economy, specialists say.<\/p>\n<\/div>\n

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In releasing the 2025 trade balance figures, the Ministry of Development, Industry, Trade and Services stated that \u201ctrade with Venezuela experienced marked fluctuations between 1997 and 2025,\u201d adding that \u201cthe country\u2019s relative weight declined over time.\u201d<\/p>\n<\/div>\n

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Venezuela is currently only the 52nd-largest destination for Brazilian exports and the 61st-largest supplier of Brazilian imports. Its 0.24% share of Brazil\u2019s exports in 2025 was far below that of the main South American countries.<\/p>\n<\/div>\n

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Argentina leads the region with a 5.2% share and ranks third globally, behind only China (28.7%) and the U.S. (10.8%). Chile (2.1%) is second in South America, followed by Paraguay (1.2%), Uruguay and Colombia (both at 1%), and Peru (0.9%). Outside the region, Venezuela\u2019s share of Brazilian exports is comparable to that of countries such as Israel (0.2%), Bulgaria (0.2%) and Australia (0.3%).<\/p>\n<\/div>\n

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In Venezuela\u2019s foreign trade environment, economic sanctions and the embargo on oil sales to the U.S. weigh heavily. The restrictions affect crude oil exports and the import of raw materials.<\/p>\n<\/div>\n

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Oil production in Venezuela fell from more than 3 million barrels per day in 2000 to less than 1 million barrels per day in 2025.<\/p>\n<\/div>\n

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\u201cBilateral trade between Brazil and Venezuela showed marked fluctuations between 1997 and 2025. The peak in exports was reached in 2008, when they exceeded $5.1 billion. Brazilian imports from Venezuela peaked in 2000, surpassing $1.3 billion,\u201d the ministry said.<\/p>\n<\/div>\n

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Significant reduction<\/strong><\/p>\n<\/div>\n

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The ministry\u2019s assessment points to \u201ca significant reduction in bilateral trade\u201d starting in 2013, \u201cculminating in historic lows between 2019 and 2020.\u201d \u201cTotal trade, which had reached its highest level in 2013 (more than $6 billion), lost momentum in subsequent years,\u201d the statement said.<\/p>\n<\/div>\n

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The drop in Brazilian shipments mainly reflects Venezuela\u2019s payment difficulties, according to\u00a0Welber Barral<\/strong>, a partner at BMJ and former Foreign Trade secretary.<\/p>\n<\/div>\n

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\u201cToday, what Brazil exports is almost always paid for in cash and includes some intracompany transactions, which ends up limiting the scale of trade between the two countries,\u201d he said.<\/p>\n<\/div>\n

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Livio Ribeiro<\/strong>, an associate researcher at the Brazilian Institute of Economics of Funda\u00e7\u00e3o Getulio Vargas (FGV Ibre) and co-founder of consultancy BRCG, describes trade with Venezuela as \u201cirrelevant\u201d at present, after the losses suffered by the Venezuelan economy in recent years.<\/p>\n<\/div>\n

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\u201cIn trade terms, the impact is extremely limited,\u201d Ribeiro said.<\/p>\n<\/div>\n

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The small scale of bilateral trade is also highlighted by\u00a0Lia Valls<\/strong>, a professor at Rio de Janeiro State University (UERJ) and an associate researcher at FGV Ibre. She believes the low figures suggest there will be no impact on Venezuela\u2019s trade relations with Brazil or even with the rest of the world. \u201cVenezuela\u2019s trade with Brazil and with the world is very small. These are very low values,\u201d she said.<\/p>\n<\/div>\n

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According to the classification used in the ministry\u2019s study, Venezuela\u2019s share of Brazil\u2019s total foreign trade remained \u201cmodest\u201d for most of the period since 1997, when the historical series begins. The neighboring country\u2019s share of Brazilian exports has remained below 0.4% since 2017.<\/p>\n<\/div>\n

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The data indicate, according to MDIC, that \u201cdespite its historical relevance, Venezuela\u2019s relative weight declined over time.\u201d<\/p>\n<\/div>\n

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The main product exported to Venezuela in 2025 was sugar, followed by food preparations such as flours, mayonnaise and beverage mixes, as well as corn, rice and automobiles, among others. On the import side, Brazil mainly purchased fertilizers, aluminum and methanol.<\/p>\n

*By\u00a0Lucianne Carneiro,\u00a0Marta Watanabe and Giordanna Neves – Rio de Janeiro, S\u00e3o Paulo, Bras\u00edlia<\/p>\n

Source: Valor International<\/p>\n

https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Collapse of country\u2019s economy reduced importance of bilateral trade since 2013         01\/07\/2026\u00a0 Venezuela\u2019s share of Brazilian exports, which came close to 3% in 2007, fell to just 0.24% in 2025, according to foreign trade statistics from the Ministry of Development, Industry, Trade and Services (MDIC). The loss of relevance is also […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[26692],"class_list":["post-97131","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-venezuela-makes-up-only-0-24-of-brazilian-trade"],"yoast_head":"\nVenezuela makes up only 0.24% of Brazilian trade - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/venezuela-makes-up-only-0-24-of-brazilian-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venezuela makes up only 0.24% of Brazilian trade - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Collapse of country\u2019s economy reduced importance of bilateral trade since 2013         01\/07\/2026\u00a0 Venezuela\u2019s share of Brazilian exports, which came close to 3% in 2007, fell to just 0.24% in 2025, according to foreign trade statistics from the Ministry of Development, Industry, Trade and Services (MDIC). 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