2021
Flag  
GDP
$359BCURRENT US$
Rnk 41 / 204
2011-2021
Flag
GDP GROWTH
-42.6%CURRENT US$
Rnk 203 / 204
2021
Flag
GDP PC 
$4,084CURRENT US$
Rnk 132 / 204
2011-2021
Flag
GDP PC GROWTH
-50.2%CURRENT US$
Rnk 201 / 204

About

Iran-Venezuela In 2018, Iran exported $492k to Venezuela. The main products that Iran exported to Venezuela are N/A. During the last 23 years the exports of Iran to Venezuela have decreased at an annualized rate of 5.87%, from $1.97M in 1995 to $492k in 2018.

In 2018, Iran did not export any services to Venezuela.

Venezuela-Iran In 2018, Venezuela exported $378k to Iran. The main products that Venezuela exported to Iran were N/A. During the last 23 years the exports of Venezuela to Iran have decreased at an annualized rate of 12.8%, from $8.77M in 1995 to $378k in 2018.

In 2018, Venezuela did not export any services to Iran.

Comparison In 2021,  Iran ranked 67 in the Economic Complexity Index (ECI -0.091), and 85 in total exports ($14B). That same year, Venezuela ranked 110 in the Economic Complexity Index (ECI -1.08), and 135 in total exports ($3.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2018, Iran exported $492k to Venezuela. There were not main exports from Iran to Venezuela in 2018. During the last 23 years the exports of Iran to Venezuela have decreased at an annualized rate of 5.87%, from $1.97M in 1995 to $492k in 2018.

In 2016, Venezuela exported $378k to Iran. There were not main exports from Venezuela to Iran in 2016. During the last 19 years the exports of Venezuela to Iran have decreased at an annualized rate of 12.8%, from $8.77M in 1997 to $378k in 2016.

Exports from Iran (Flag) to Venezuela (Flag) (2018)

Exports from Venezuela (Flag) to Iran (Flag) (2018)

Market Competitiveness

Color
Iran
Top Destination
China$5.94B
Venezuela
Top Destination
China$843M

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

In 2021, countries that imported more from Iran than Venezuela were China ($5.94B), Turkey ($2.72B), and Pakistan ($614M).

In 2021, countries that imported more from Venezuela than Iran were United States ($308M), Netherlands ($171M), and Guatemala ($110M).

Difference in imports from Venezuela (Flag) and Iran (Flag) (2021)

Comparative Advantage Iran - Venezuela

Flow
Scale

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

During 2018, Iran had a large net trade with Venezuela in the exports of .

During 2016, Venezuela had a large net trade with Iran in the exports of .

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Iran has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Iran.

Product Space of Iran (Flag) and Venezuela (Flag) (2021)

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