2022
Flag  
GDP
$291BCURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP GROWTH
39.3%CURRENT US$
Rnk 83 / 186
2022
Flag
GDP PC 
$27,638CURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP PC GROWTH
39.1%CURRENT US$
Rnk 51 / 186

About

Czechia-Venezuela Trade: In 2022, Czechia exported $5.12M to Venezuela. The main products that Czechia exported to Venezuela were Plastic Pipes ($2.37M), Cyanides ($335k), and Industrial Food Preperation Machinery ($247k). Over the past 5 years the exports of Czechia to Venezuela have increased at an annualized rate of 11.1%, from $3.02M in 2017 to $5.12M in 2022.

In 2019, Czechia exported services to Venezuela worth $784k, with Travel ($560k) and Transportation ($224k) being the largest in terms of value.

Venezuela-Czechia Trade: In 2022, Venezuela exported $44.8M to Czechia. The main products that Venezuela exported to Czechia were Raw Aluminium ($36M), Hard Liquor ($6.96M), and Iron Reductions ($1.37M). Over the past 5 years the exports of Venezuela to Czechia have increased at an annualized rate of 56.9%,  from $4.71M in 2017 to $44.8M in 2022.

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

Comparison: In 2022,  Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B). 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, Czechia exported $5.12M to Venezuela. The main products exported from Czechia to Venezuela were Plastic Pipes ($2.37M), Cyanides ($335k), and Industrial Food Preperation Machinery ($247k). During the last 5 years the exports of Czechia to Venezuela have increased at an annualized rate of 11.1%, from $3.02M in 2017 to $5.12M in 2022.

In 2017, Venezuela exported $44.8M to Czechia. The main products exported from Venezuela to Czechia were Raw Aluminium ($36M), Hard Liquor ($6.96M), and Iron Reductions ($1.37M). During the last 5 years the exports of Venezuela to Czechia have increased at an annualized rate of 56.9%, from $4.71M in 2022 to $44.8M in 2017.

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

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

Latest Data

Trade between Czechia (Flag) and Venezuela (Flag)

Czechia Exports

Market Competitiveness

Color
Czechia
Top Destination
Germany$75.3B
Venezuela
Top Destination
China$703M

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

In 2022, countries that imported more from Czechia than Venezuela included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

In 2022, countries that imported more from Venezuela than Czechia included Lebanon ($150M), Guatemala ($84.5M), and Dominican Republic ($76.7M).

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

Comparative Advantage Czechia - Venezuela

Flow
Scale

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

During 2022, Czechia had a large net trade with Venezuela in the exports of Plastics and Rubbers ($2.61M), Chemical Products ($609k), and Machines ($605k).

During 2017, Venezuela had a large net trade with Czechia in the exports of Metals ($37.3M), Foodstuffs ($7.01M), and Chemical Products ($352k).

Economic Complexity

Competitive Landscape

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

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

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