Macau (MAC) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Macau-Venezuela Trade: In 2013, Macau exported $120 to Venezuela. The main products that Macau exported to Venezuela were N/A. Over the past 5 years the exports of Macau to Venezuela have decreased at an annualized rate of 73.8%, from $96.3k in 2008 to $120 in 2013.

In 2013, Macau did not export any services to Venezuela.

Venezuela-Macau Trade: In 2013, Venezuela exported $1.9M to Macau. The main products that Venezuela exported to Macau were Fish: dried, salted, smoked or in brine ($1.82M), Processed Crustaceans ($83.6k), and Chocolate ($2.42k). Over the past 5 years the exports of Venezuela to Macau have increased at an annualized rate of 170%, from $4.91k in 2008 to $1.9M in 2013.

In 2013, Venezuela did not export any services to Macau.

Comparison In 2022, Macau ranked 146 in total exports ($1.88B), and does not have data regarding Economic Complexity Index. 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 2013, Macau exported $120 to Venezuela. There were not main exports from Macau to Venezuela in 2013. During the last 5 years the exports of Macau to Venezuela have decreased at an annualized rate of 73.8%, from $96.3k in 2008 to $120 in 2013.

In 2017, Venezuela exported $1.9M to Macau. The main products exported from Venezuela to Macau were Fish: dried, salted, smoked or in brine ($1.82M), Processed Crustaceans ($83.6k), and Chocolate ($2.42k). During the last 5 years the exports of Venezuela to Macau have increased at an annualized rate of 170%, from $4.91k in 2022 to $1.9M in 2017.

Exports from Macau () to Venezuela () (2022)

Exports from Venezuela () to Macau () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Macau
Top DestinationHong Kong$1.22B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Macau than Venezuela included Hong Kong ($1.22B), Switzerland ($56.4M), and Israel ($37.4M).

In 2022, countries that imported more from Venezuela than Macau included Turkey ($597M), China ($703M), and Spain ($518M).

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

Comparative Advantage Macau - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2013, Macau had a large net trade with Venezuela in the exports of .

During 2017, Venezuela had a large net trade with Macau in the exports of Animal Products ($1.82M), Foodstuffs ($86.1k), and Paper Goods ($1.12k).

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

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Historical Data

Bilateral Trade by Products

Exports from Macau () to Venezuela () (2022)

Exports from Venezuela () to Macau () (2022)

Market Competitiveness

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

Comparative Advantage Macau - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Macau () and Venezuela () (2022)

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