| Tourney Name: | South American Youth Championship |
| Year: | 1954 |
| Size: | 250px |
| Country: | Venezuela |
| Dates: | 22 March – 13 April |
| Num Teams: | 9 |
| Champion: | URU |
| Count: | 1 |
| Second: | BRA |
| Second-Flagvar: | 1889 |
| Third: | VEN |
| Third-Flagvar: | 1954 |
| Fourth: | PER |
| Matches: | 19 |
| Goals: | 64 |
| Top Scorer: |  Juan Agüero (7) |
| Nextseason: | 1958 |
The South American Youth Championship 1954 was held in Caracas, Venezuela. It was the first time the tournament was organised.
The following teams entered the tournament:
Argentina did not participate in this tournament. They were the only non-European team to play in the 1954 FIFA Youth Tournament Under-18.
Host Venezuela automatically qualified for the final round.
| width=165 | Teams | width=20 | Pld | width=20 | W | width=20 | D | width=20 | L | width=20 | GF | width=20 | GA | width=20 | GD | width=20 | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 2 | 1 | 0 | 7 | 2 | +5 | 5 | ||||||||||
| 3 | 1 | 2 | 0 | 3 | 2 | +1 | 4 | ||||||||||
| 3 | 0 | 2 | 1 | 2 | 4 | –2 | 2 | ||||||||||
| 3 | 0 | 1 | 2 | 2 | 6 | –4 | 1 |
| width=25% | width=30% | width=15% | width=30% | ||||
|---|---|---|---|---|---|---|---|
| 22 March | 1–1 | ||||||
| 23 March | 1–1 | ||||||
| 25 March | 4–1 | ||||||
| 26 March | 1–1 | ||||||
| 29 March | 1–0 | ||||||
| 30 March | 2–0 |
| width=165 | Teams | width=20 | Pld | width=20 | W | width=20 | D | width=20 | L | width=20 | GF | width=20 | GA | width=20 | GD | width=20 | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Brazil | 3 | 2 | 1 | 0 | 10 | 3 | +7 | 5 | |||||||||
| 3 | 1 | 2 | 0 | 7 | 5 | +2 | 4 | ||||||||||
| Paraguay | 3 | 1 | 1 | 1 | 12 | 5 | +7 | 3 | |||||||||
| 3 | 0 | 0 | 3 | 4 | 20 | –16 | 0 |
| width=25% | width=30% | width=15% | width=30% | ||||
|---|---|---|---|---|---|---|---|
| 23 March | Brazil | 7–1 | |||||
| Paraguay | 2–2 | ||||||
| 26 March | Paraguay | 9–1 | |||||
| 27 March | Brazil | 1–1 | |||||
| 31 March | 4–2 | ||||||
| Brazil | 2–1 | Paraguay |
| width=165 | Teams | width=20 | Pld | width=20 | W | width=20 | D | width=20 | L | width=20 | GF | width=20 | GA | width=20 | GD | width=20 | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 2 | 1 | 0 | 7 | 2 | +5 | 5 | ||||||||||
| Brazil | 3 | 1 | 2 | 0 | 4 | 2 | +2 | 4 | |||||||||
| Venezuela | 3 | 1 | 0 | 2 | 3 | 6 | –3 | 2 | |||||||||
| 3 | 0 | 1 | 2 | 2 | 6 | –4 | 1 |
| width=25% | width=30% | width=15% | width=30% | ||||
|---|---|---|---|---|---|---|---|
| 3 April | Brazil | 2–0 | Venezuela | ||||
| 5 April | 3–0 | ||||||
| 7 April | 3–1 | Venezuela | |||||
| 9 April | Brazil | 1–1 | |||||
| 11 April | 2–1 | ||||||
| 13 April | Brazil | 1–1 |