Maldives (MDV) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

About

In N/A, Maldives did not export any services to Venezuela.

Venezuela-Maldives Trade: In N/A, Venezuela exported $360k to Maldives. The main products that Venezuela exported to Maldives were Cleaning Products ($138k), Medical Instruments ($80.6k), and Other Fruits ($38.8k). Over the past N/A years the exports of Venezuela to Maldives have increased at an annualized rate of 293%, from $384 in N/A to $360k in N/A.

In N/A, Venezuela did not export any services to Maldives.

Comparison In 2022, Maldives ranked 166 in total exports ($689M), 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

Maldives does not register exports to Venezuela.

In 2017, Venezuela exported $360k to Maldives. The main products exported from Venezuela to Maldives were Cleaning Products ($138k), Medical Instruments ($80.6k), and Other Fruits ($38.8k). During the last 5 years the exports of Venezuela to Maldives have increased at an annualized rate of 293%, from $384 in 2022 to $360k in 2017.

Exports from Maldives () to Venezuela () (2022)

Exports from Venezuela () to Maldives () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Maldives
Top DestinationIndia$488M

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Maldives than Venezuela included India ($488M), Thailand ($79.4M), and Oman ($14.3M).

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

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

Comparative Advantage Maldives - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Venezuela had a large net trade with Maldives in the exports of Chemical Products ($138k), Instruments ($81.5k), and Animal Products ($48.5k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Maldives () to Venezuela () (2022)

Exports from Venezuela () to Maldives () (2022)

Market Competitiveness

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

Comparative Advantage Maldives - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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