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2022
Flag → Flag
Exports $127MRnk 99 / 218
2022
Flag → Flag
Top Product $9.63MUnglazed Ceramics
2022
Flag → Flag
Exports $518MRnk 3 / 126
2022
Flag → Flag
Top Product $436MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Spain-Venezuela Trade: In 2022, Spain exported $127M to Venezuela. The main products that Spain exported to Venezuela were Unglazed Ceramics ($9.63M), Wine ($6.74M), and Air Pumps ($3.25M). Over the past 5 years the exports of Spain to Venezuela have increased at an annualized rate of 1.6%, from $118M in 2017 to $127M in 2022.

In 2009, Spain exported services to Venezuela worth $1.4B, with Services not allocated ($908M), Travel ($350M), and Transportation ($146M) being the largest in terms of value.

Venezuela-Spain Trade: In 2022, Venezuela exported $518M to Spain. The main products that Venezuela exported to Spain were Crude Petroleum ($436M), Crustaceans ($34.6M), and Scrap Iron ($17.6M). Over the past 5 years the exports of Venezuela to Spain have increased at an annualized rate of 6.06%,  from $386M in 2017 to $518M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €11.9M and imported €146M from Venezuela, resulting in a negative trade balance of €134M. Between August 2023 and August 2024 the exports of Spain have decreased by €-963k (-7.46%) from €12.9M to €11.9M, while imports increased by €78.5M (116%) from €67.5M to €146M.

Trade In August 2024, the top exports of Spain to Venezuela were Air Conditioners (€791k), Commodities not elsewhere specified (€570k), Pure Olive Oil (€322k), Unglazed Ceramics (€314k), and Excavation Machinery (€258k). In August 2024 the top imports of Spain from Venezuela were Crustaceans (€2.23M), Iron Reductions (€1.77M), Hard Liquor (€1.33M), Scrap Copper (€521k), and Wood Charcoal (€220k).

Origins In August 2024 the exports of Spain were mainly from Madrid (€2.64M), Barcelona (€1.78M), Castellón (€1.3M), Murcia (€881k), and Valencia (€630k), while imports destinations were mainly Murcia (€124M), Tarragona (€12.4M), Madrid (€3.62M), Barcelona (€3.6M), and Burgos (€1.46M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Venezuela was explained primarily by an decrease in product exports in Commodities not elsewhere specified (€-221k or -27.9%), Paper Containers (€-169k or -81.6%), and Iron Structures (€-166k or -85.6%). In August 2024, the increase in Spain's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in Hard Liquor (€985k or 285%), Crustaceans (€983k or 78.9%), and Wood Charcoal (€120k or 120%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-963k(-7.46%)
IMPORT GROWTH (August 2023 - August 2024)€78.5M(116%)
MAIN EXPORTER (August 2024)Madrid€2.64M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Venezuela and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $127M to Venezuela. The main products exported from Spain to Venezuela were Unglazed Ceramics ($9.63M), Wine ($6.74M), and Air Pumps ($3.25M). During the last 5 years the exports of Spain to Venezuela have increased at an annualized rate of 1.6%, from $118M in 2017 to $127M in 2022.

In 2017, Venezuela exported $518M to Spain. The main products exported from Venezuela to Spain were Crude Petroleum ($436M), Crustaceans ($34.6M), and Scrap Iron ($17.6M). During the last 5 years the exports of Venezuela to Spain have increased at an annualized rate of 6.06%, from $386M in 2022 to $518M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Spain than Venezuela included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Venezuela than Spain included Montenegro ($75.9M) and Guyana ($28.9M).

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

Comparative Advantage Spain - Venezuela

Flow
Scale

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

During 2022, Spain had a large net trade with Venezuela in the exports of Foodstuffs ($23M), Chemical Products ($19.4M), and Machines ($19.3M).

During 2017, Venezuela had a large net trade with Spain in the exports of Mineral Products ($436M), Animal Products ($36.8M), and Metals ($30.4M).

Economic Complexity

Competitive Landscape

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

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

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