Iran (IRN) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Iran-Venezuela Trade: In 2021, Iran exported $533k to Venezuela. The main products that Iran exported to Venezuela were N/A. Over the past 5 years the exports of Iran to Venezuela have decreased at an annualized rate of 23.2%, from $1.99M in 2016 to $533k in 2021.

In 2021, Iran did not export any services to Venezuela.

Venezuela-Iran Trade: In 2021, Venezuela exported $800k to Iran. The main products that Venezuela exported to Iran were N/A. Over the past 5 years the exports of Venezuela to Iran have decreased at an annualized rate of 38.1%, from $8.81M in 2016 to $800k in 2021.

In 2021, Venezuela did not export any services to Iran.

Comparison: In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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 2021, Iran exported $533k to Venezuela. There were not main exports from Iran to Venezuela in 2021. During the last 5 years the exports of Iran to Venezuela have decreased at an annualized rate of 23.2%, from $1.99M in 2016 to $533k in 2021.

In 2011, Venezuela exported $800k to Iran. There were not main exports from Venezuela to Iran in 2011. During the last 14 years the exports of Venezuela to Iran have decreased at an annualized rate of 38.1%, from $8.81M in 1997 to $800k in 2011.

Exports from Iran () to Venezuela () (2021)

Exports from Venezuela () to Iran () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Venezuela
Top DestinationChina$703M

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 2022, countries that imported more from Iran than Venezuela included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2022, countries that imported more from Venezuela than Iran included United States ($438M), Spain ($518M), and Brazil ($361M).

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

Comparative Advantage Iran - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Iran had a large net trade with Venezuela in the exports of .

During 2011, Venezuela had a large net trade with Iran in the exports of .

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 Iran and Venezuela. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Iran.

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Venezuela () (2021)

Exports from Venezuela () to Iran () (2021)

Market Competitiveness

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

Comparative Advantage Iran - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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