Colombia vs Venezuela: Merchandise exports to low- and middle-income economies in Latin

Colombia
19.5%
in 2023
Venezuela
22.8%
in 2023
Colombia rank
18th
Venezuela rank
16th

Merchandise exports to low- and middle-income economies in Latin over time

  • Colombia
  • Venezuela
0102030196019912023

How they compare

Venezuela currently reports 22.8% against 19.5% in Colombia, a difference of 3.3%.

That makes Venezuela's figure about 1.2 times Colombia's.

The two have swapped places 10 times across 63 shared years of data; in 1960 it was Venezuela ahead.

Colombia ranks 18th and Venezuela ranks 16th of 203 countries.

Across the 7 decades both report, Colombia averaged higher in 3 and Venezuela in 4.

Head to head by decade

Decade Colombia Venezuela Difference Ahead
1960s 3.7% 8.0% 4.3% Venezuela
1970s 8.7% 11.2% 2.5% Venezuela
1980s 6.4% 13.8% 7.4% Venezuela
1990s 13.2% 20.8% 7.5% Venezuela
2000s 17.2% 16.2% 1.0% Colombia
2010s 17.7% 9.4% 8.2% Colombia
2020s 19.8% 17.8% 2.0% Colombia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher merchandise exports to low- and middle-income economies in latin, Colombia or Venezuela?
Venezuela, at 22.8% against 19.5% in Colombia as of 2023.
What is the difference in merchandise exports to low- and middle-income economies in latin between Colombia and Venezuela?
3.3%, with Venezuela ahead.
How many years of comparable data are there for Colombia and Venezuela?
63 years are reported by both, from 1960 to 2023.
How do Colombia and Venezuela rank globally for merchandise exports to low- and middle-income economies in latin?
Colombia ranks 18th and Venezuela ranks 16th of 203 countries.
Where does this data come from?
Staff estimates, World Bank (WB), published as Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Colombia vs Venezuela: Merchandise exports to low- and middle-income economies in Latin. Statizoid, drawing on Staff estimates, World Bank (WB). Retrieved 18 September 2026, from https://private-sector.statizoid.com/compare/merchandise-exports-to-low-and-middle-income-economies-in-latin-america-and-the-caribbean/colombia/venezuela-rb/

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About this data

Indicator
Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
Unit
% of total merchandise exports
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
250 places, 11,864 data points, 1960–2023
Last refreshed

Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.