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Pricing

2022
Flag → Flag
Exports $2.38MRnk 10 / 79
2022
Flag → Flag
Top Product $1.46MHard Liquor
2022
Flag → Flag
Exports $14.3MRnk 23 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133

About

Aruba-Venezuela Trade: In 2022, Aruba exported $2.38M to Venezuela. The main products that Aruba exported to Venezuela were Hard Liquor ($1.46M), Rolled Tobacco ($845k), and Other Rubber Products ($32.6k). Over the past 5 years the exports of Aruba to Venezuela have decreased at an annualized rate of 27.5%, from $11.9M in 2017 to $2.38M in 2022.

In 2022, Aruba did not export any services to Venezuela.

Venezuela-Aruba Trade: In 2022, Venezuela exported $14.3M to Aruba. The main products that Venezuela exported to Aruba were N/A. Over the past 5 years the exports of Venezuela to Aruba have decreased at an annualized rate of 2.94%,  from $16.6M in 2017 to $14.3M in 2022.

In 2022, Venezuela did not export any services to Aruba.

Comparison In 2022,  Aruba ranked 194 in total exports ($123M), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Aruba exported $2.38M to Venezuela. The main products exported from Aruba to Venezuela were Hard Liquor ($1.46M), Rolled Tobacco ($845k), and Other Rubber Products ($32.6k). During the last 5 years the exports of Aruba to Venezuela have decreased at an annualized rate of 27.5%, from $11.9M in 2017 to $2.38M in 2022.

In 2011, Venezuela exported $14.3M to Aruba. There were not main exports from Venezuela to Aruba in 2011. During the last 5 years the exports of Venezuela to Aruba have decreased at an annualized rate of 2.94%, from $16.6M in 2016 to $14.3M in 2011.

Exports from Aruba (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Aruba (Flag) (2022)

Latest Data

Trade between Aruba (Flag) and Venezuela (Flag)

Aruba Exports

Market Competitiveness

Color
Aruba
Top DestinationColombia$49M
Venezuela
Top DestinationChina$703M

This map shows whether countries import more from Aruba or Venezuela. Each country is colored based on the difference in imports they receive from Aruba and Venezuela or the difference in the growth in imports.

In 2022, countries that imported more from Aruba than Venezuela included Jordan ($13.2M), Curaçao ($5.8M), and Bonaire ($1.48M).

In 2022, countries that imported more from Venezuela than Aruba included China ($703M), Turkey ($597M), and Spain ($518M).

Difference in imports from Venezuela (Flag) and Aruba (Flag) (2022)

Comparative Advantage Aruba - Venezuela

Flow
Scale

This chart compares trade between Aruba and Venezuela by product, considering products traded by both, Aruba and Venezuela.

During 2022, Aruba had a large net trade with Venezuela in the exports of Foodstuffs ($2.32M), Plastics and Rubbers ($32.7k), and Stone And Glass ($21.6k).

During 2011, Venezuela had a large net trade with Aruba in the exports of .

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Aruba and Venezuela. This means that a dot/product with the flag of Aruba indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Aruba.

Product Space of Aruba (Flag) and Venezuela (Flag) (2022)

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