2022
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GDP
$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH
18.1%CURRENT US$
Rnk 125 / 186
2022
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GDP PC 
$55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH
11.8%CURRENT US$
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About

Netherlands-Venezuela In 2022, Netherlands exported $40.2M to Venezuela. The main products that Netherlands exported to Venezuela are Other Agricultural Machinery ($8.39M), Malt ($4.93M), and Other Frozen Vegetables ($4.34M). During the last 27 years the exports of Netherlands to Venezuela have decreased at an annualized rate of 5.21%, from $170M in 1995 to $40.2M in 2022.

In 2020, Netherlands exported services to Venezuela worth $29.7M, with Other business services ($27.8M), Transportation ($1.26M), and Travel ($457k) being the largest in terms of value.

Venezuela-Netherlands In 2022, Venezuela exported $175M to Netherlands. The main products that Venezuela exported to Netherlands were Acyclic Alcohols ($84.5M), Crustaceans ($70.1M), and Ferroalloys ($6.82M). During the last 27 years the exports of Venezuela to Netherlands have decreased at an annualized rate of 2.6%, from $357M in 1995 to $175M in 2022.

In 2022, Venezuela did not export any services to Netherlands.

Comparison In 2022,  Netherlands ranked 20 in the Economic Complexity Index (ECI 1.1), and 6 in total exports ($674B). That same year, Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $40.2M to Venezuela. The main products exported from Netherlands to Venezuela were Other Agricultural Machinery ($8.39M), Malt ($4.93M), and Other Frozen Vegetables ($4.34M). During the last 27 years the exports of Netherlands to Venezuela have decreased at an annualized rate of 5.21%, from $170M in 1995 to $40.2M in 2022.

In 2022, Venezuela exported $175M to Netherlands. The main products exported from Venezuela to Netherlands were Acyclic Alcohols ($84.5M), Crustaceans ($70.1M), and Ferroalloys ($6.82M). During the last 27 years the exports of Venezuela to Netherlands have decreased at an annualized rate of 2.6%, from $357M in 1995 to $175M in 2022.

Exports from Netherlands (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Netherlands (Flag) (2022)

Market Competitiveness

Color
Netherlands
Top Destination
Germany$131B
Venezuela
Top Destination
China$703M

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

In 2021, countries that imported more from Netherlands than Venezuela were Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2021, countries that imported more from Venezuela than Netherlands were Montenegro ($75.9M).

Difference in imports from Venezuela (Flag) and Netherlands (Flag) (2022)

Comparative Advantage Netherlands - Venezuela

Flow
Scale

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

During 2022, Netherlands had a large net trade with Venezuela in the exports of Machines ($10.4M), Chemical Products ($7.57M), and Foodstuffs ($6.92M).

During 2022, Venezuela had a large net trade with Netherlands in the exports of Chemical Products ($84.6M), Animal Products ($70.1M), and Metals ($12M).

Service Trade

Bilateral Service Trade

In 2020, Netherlands exported services to Venezuela worth $29.7M, with Other business services ($27.8M), Transportation ($1.26M), and Travel ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands (Flag) to Venezuela (Flag) (2020)

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 Netherlands has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Netherlands.

Product Space of Netherlands (Flag) and Venezuela (Flag) (2022)

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