Egypt (EGY) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Egypt-Venezuela Trade: In 2022, Egypt exported $9.5M to Venezuela. The main products that Egypt exported to Venezuela were Polyacetals ($3.26M), Building Stone ($903k), and Household Washing Machines ($757k). Over the past 5 years the exports of Egypt to Venezuela have increased at an annualized rate of 48.1%, from $1.34M in 2017 to $9.5M in 2022.

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

Venezuela-Egypt Trade: In 2022, Venezuela exported $19M to Egypt. The main products that Venezuela exported to Egypt were Semi-Finished Iron ($18.9M), Other Furniture ($20.3k), and Cars ($19.3k). Over the past 5 years the exports of Venezuela to Egypt have decreased at an annualized rate of 6.83%, from $33.4M in 2017 to $19M in 2022.

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

Comparison: In 2022, Egypt ranked 69 in the Economic Complexity Index (ECI -0.1), and 59 in total exports ($53.9B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Egypt exported $9.5M to Venezuela. The main products exported from Egypt to Venezuela were Polyacetals ($3.26M), Building Stone ($903k), and Household Washing Machines ($757k). During the last 5 years the exports of Egypt to Venezuela have increased at an annualized rate of 48.1%, from $1.34M in 2017 to $9.5M in 2022.

In 2017, Venezuela exported $19M to Egypt. The main products exported from Venezuela to Egypt were Semi-Finished Iron ($18.9M), Other Furniture ($20.3k), and Cars ($19.3k). During the last 5 years the exports of Venezuela to Egypt have decreased at an annualized rate of 6.83%, from $33.4M in 2022 to $19M in 2017.

Exports from Egypt () to Venezuela () (2022)

Exports from Venezuela () to Egypt () (2022)

Latest Data

Trade between Egypt () and Venezuela ()

Egypt Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Egypt
Top DestinationTurkey$4.23B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Egypt than Venezuela included Turkey ($4.23B), Italy ($3.32B), and United States ($3.21B).

In 2022, countries that imported more from Venezuela than Egypt included Colombia ($99.8M), Montenegro ($75.9M), and Guatemala ($84.5M).

Difference in imports from Venezuela () and Egypt () (2022)

Comparative Advantage Egypt - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Egypt had a large net trade with Venezuela in the exports of Plastics and Rubbers ($3.58M), Stone And Glass ($2.06M), and Foodstuffs ($910k).

During 2017, Venezuela had a large net trade with Egypt in the exports of Metals ($18.9M), Miscellaneous ($20.3k), and Transportation ($19.3k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Egypt () to Venezuela () (2022)

Exports from Venezuela () to Egypt () (2022)

Latest Data

Trade between Egypt () and Venezuela ()

Egypt Exports

Market Competitiveness

Difference in imports from Venezuela () and Egypt () (2022)

Comparative Advantage Egypt - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Egypt () and Venezuela () (2022)

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