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2023
Flag → Flag
Exports $7.17MRnk 147 / 198
2023
Flag → Flag
Top Product $1.76MCalculators
2023
Flag → Flag
Exports $8.12MRnk 38 / 122
2023
Flag → Flag
Top Product $2.36MOther Prepared Meat
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Hong Kong-Venezuela Trade: In 2023, Hong Kong exported $7.17M to Venezuela. The main products that Hong Kong exported to Venezuela were Calculators ($1.76M), Thermostats ($648k), and Other Plastic Products ($455k). Over the past 5 years the exports of Hong Kong to Venezuela have decreased at an annualized rate of 18.6%, from $20.1M in 2018 to $7.17M in 2023.

In 2023, Hong Kong did not export any services to Venezuela.

Venezuela-Hong Kong Trade: In 2023, Venezuela exported $8.12M to Hong Kong. The main products that Venezuela exported to Hong Kong were Other Prepared Meat ($2.36M), Tin Ores ($2.07M), and Dried/Salted/Smoked/Brined Fish ($1.66M). Over the past 5 years the exports of Venezuela to Hong Kong have decreased at an annualized rate of 10.7%,  from $17.9M in 2018 to $8.12M in 2023.

In 2023, Venezuela did not export any services to Hong Kong.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $7.17M to Venezuela. The main products exported from Hong Kong to Venezuela were Calculators ($1.76M), Thermostats ($648k), and Other Plastic Products ($455k). During the last 5 years the exports of Hong Kong to Venezuela have decreased at an annualized rate of 18.6%, from $20.1M in 2018 to $7.17M in 2023.

In 2018, Venezuela exported $8.12M to Hong Kong. The main products exported from Venezuela to Hong Kong were Other Prepared Meat ($2.36M), Tin Ores ($2.07M), and Dried/Salted/Smoked/Brined Fish ($1.66M). During the last 5 years the exports of Venezuela to Hong Kong have decreased at an annualized rate of 10.7%, from $17.9M in 2023 to $8.12M in 2018.

Exports from Hong Kong (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Venezuela (Flag)

Hong Kong Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Hong Kong than Venezuela included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Venezuela than Hong Kong included United States ($3.81B), Spain ($670M), and Lebanon ($106M).

Difference in imports from Venezuela (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Venezuela

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Venezuela in the exports of Machines ($4.27M), Instruments ($1.32M), and Plastics and Rubbers ($541k).

During 2018, Venezuela had a large net trade with Hong Kong in the exports of Animal Products ($3.15M), Foodstuffs ($2.39M), and Mineral Products ($2.07M).

Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and Venezuela (Flag) (2023)

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