Netherlands (NLD) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Netherlands-Venezuela Trade: In 2022, Netherlands exported $73.1M to Venezuela. The main products that Netherlands exported to Venezuela were Other Agricultural Machinery ($8.39M), Malt ($4.93M), and Other Frozen Vegetables ($4.34M). Over the past 5 years the exports of Netherlands to Venezuela have decreased at an annualized rate of 15.6%, from $170M in 2017 to $73.1M 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 Trade: In 2022, Venezuela exported $26.2M to Netherlands. The main products that Venezuela exported to Netherlands were Acyclic Alcohols ($84.5M), Crustaceans ($70.1M), and Ferroalloys ($6.82M). Over the past 5 years the exports of Venezuela to Netherlands have decreased at an annualized rate of 40.7%, from $357M in 2017 to $26.2M in 2022.

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

Comparison: In 2022, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

N/A

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Overview In N/A, Netherlands exported €N/A and imported €N/A from Venezuela, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Netherlands have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Netherlands to Venezuela were Cereal preparations and preparations of flour... (€3M). In N/A the top imports of Netherlands from Venezuela were Alcohols, phenols, phenol-alcohols, and their halogenated,... (€8M), Crustaceans, molluscs and aquatic invertebrates, whether... (€1M), and Ferrous waste and scrap; remelting scrap... (€1M).

Growth In N/A, the N/A in Netherlands's year-by-year exports to Venezuela was explained primarily by an decrease in product exports in . In N/A, the N/A in Netherlands's year-by-year imports from Venezuela was explained primarily by an decrease in product imports in Alcohols, phenols, phenol-alcohols, and their halogenated,... (€-3M or -27.3%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

This section shows exports and imports data at subnational level for Netherlands. Click any date in the line plot or any product to explore the exports or imports behavior of Netherlands over time.

To check Venezuela and Netherlands trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Netherlands exported $73.1M 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 5 years the exports of Netherlands to Venezuela have decreased at an annualized rate of 15.6%, from $170M in 2017 to $73.1M in 2022.

In 2017, Venezuela exported $26.2M 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 22 years the exports of Venezuela to Netherlands have decreased at an annualized rate of 40.7%, from $357M in 1995 to $26.2M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Venezuela
Top DestinationChina$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 2022, countries that imported more from Netherlands than Venezuela included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from Venezuela than Netherlands included Montenegro ($75.9M).

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

Comparative Advantage Netherlands - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2017, Venezuela had a large net trade with Netherlands in the exports of Chemical Products ($84.6M), Animal Products ($70.1M), and Metals ($12M).

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Netherlands - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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