NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $146MRnk 103 / 220
2023
Flag → Flag
Top Product $11.6MRefined Petroleum
2023
Flag → Flag
Exports $670MRnk 3 / 122
2023
Flag → Flag
Top Product $586MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Spain-Venezuela Trade: In 2023, Spain exported $146M to Venezuela. The main products that Spain exported to Venezuela were Refined Petroleum ($11.6M), Unglazed Ceramics ($8.13M), and Wine ($4.88M). Over the past 5 years the exports of Spain to Venezuela have decreased at an annualized rate of 5.68%, from $196M in 2018 to $146M in 2023.

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 2023, Venezuela exported $670M to Spain. The main products that Venezuela exported to Spain were Crude Petroleum ($586M), Crustaceans ($35.1M), and Raw Aluminium ($20.2M). Over the past 5 years the exports of Venezuela to Spain have increased at an annualized rate of 15.9%,  from $320M in 2018 to $670M in 2023.

In 2023, Venezuela did not export any services to Spain.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €13.2M and imported €92.5M from Venezuela, resulting in a negative trade balance of €79.3M. Between November 2023 and November 2024 the exports of Spain have increased by €2.88M (27.8%) from €10.3M to €13.2M, while imports increased by €24.3M (35.6%) from €68.2M to €92.5M.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€2.83M), Castellón (€1.52M), Madrid (€1.37M), Murcia (€1.01M), and Valencia (€759k), while imports destinations were mainly Vizcaya (€84M), Asturias (€4.82M), Burgos (€1.05M), Barcelona (€961k), and Pontevedra (€493k).

Growth In November 2024, the increase in Spain's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Excavation Machinery (€257k or 23.3k%), Valves (€116k or 2.1k%), and Textiles for technical uses (€105k or 571%). In November 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 (November 2023 - November 2024)€2.88M(27.8%)
IMPORT GROWTH (November 2023 - November 2024)€24.3M(35.6%)
MAIN EXPORTER (November 2024)Barcelona€2.83M

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.

Explore Venezuela and Spain Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $146M to Venezuela. The main products exported from Spain to Venezuela were Refined Petroleum ($11.6M), Unglazed Ceramics ($8.13M), and Wine ($4.88M). During the last 5 years the exports of Spain to Venezuela have decreased at an annualized rate of 5.68%, from $196M in 2018 to $146M in 2023.

In 2018, Venezuela exported $670M to Spain. The main products exported from Venezuela to Spain were Crude Petroleum ($586M), Crustaceans ($35.1M), and Raw Aluminium ($20.2M). During the last 5 years the exports of Venezuela to Spain have increased at an annualized rate of 15.9%, from $320M in 2023 to $670M in 2018.

Exports from Spain (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Venezuela
Top DestinationUnited States$3.81B

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 2023, countries that imported more from Spain than Venezuela included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Venezuela than Spain included Dominica ($10.5M) and Guyana ($18.1M).

Difference in imports from Venezuela (Flag) and Spain (Flag) (2023)

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 2023, Spain had a large net trade with Venezuela in the exports of Machines ($28.1M), Foodstuffs ($19.7M), and Chemical Products ($17.1M).

During 2018, Venezuela had a large net trade with Spain in the exports of Mineral Products ($592M), Animal Products ($35.1M), and Metals ($27.6M).

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms