Switzerland / Venezuela

Switzerland-Venezuela Trade: In 2022, Switzerland exported $33.9M to Venezuela. The main products that Switzerland exported to Venezuela were Base Metal Watches ($12.3M), Precious Metal Watches ($11.7M), and Mill Machinery ($1.58M). Over the past 5 years the exports of Switzerland to Venezuela have decreased at an annualized rate of 14.2%, from $73.1M in 2017 to $33.9M in 2022.

In 2019, Switzerland exported services to Venezuela worth $448k, with Travel ($448k) being the largest in terms of value.

Venezuela-Switzerland Trade: In 2022, Venezuela exported $2.19M to Switzerland. The main products that Venezuela exported to Switzerland were Cocoa Beans ($1.35M), Hard Liquor ($312k), and Watch Cases and Parts ($172k). Over the past 5 years the exports of Venezuela to Switzerland have decreased at an annualized rate of 10.6%,  from $3.85M in 2017 to $2.19M in 2022.

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

Comparison: In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).