NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.7MRnk 146 / 205
2023
Flag → Flag
Top Product $823kLight Mixed Woven Cotton
2023
Flag → Flag
Exports $403Rnk 120 / 122
2023
Flag → Flag
Top Product $393Electric Batteries
2023
Flag
Economic Complexity (ECI) ECI -0.55Rnk 89 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$338BCURRENT US$
Rnk 45 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC $1,365CURRENT US$
Rnk 170 / 195
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 130 / 195

About

Pakistan-Venezuela Trade: In 2023, Pakistan exported $2.7M to Venezuela. The main products that Pakistan exported to Venezuela were Light Mixed Woven Cotton ($823k), Confectionery Sugar ($346k), and Baked Goods ($287k). Over the past 5 years the exports of Pakistan to Venezuela have increased at an annualized rate of 30.6%, from $712k in 2018 to $2.7M in 2023.

In 2023, Pakistan did not export any services to Venezuela.

Venezuela-Pakistan Trade: In 2023, Venezuela exported $403 to Pakistan. The main products that Venezuela exported to Pakistan were Electric Batteries ($393) and Iron Fasteners ($10). Over the past 5 years the exports of Venezuela to Pakistan have decreased at an annualized rate of 71.8%,  from $228k in 2018 to $403 in 2023.

In 2023, Venezuela did not export any services to Pakistan.

Comparison: In 2023,  Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B). That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Pakistan exported $2.7M to Venezuela. The main products exported from Pakistan to Venezuela were Light Mixed Woven Cotton ($823k), Confectionery Sugar ($346k), and Baked Goods ($287k). During the last 5 years the exports of Pakistan to Venezuela have increased at an annualized rate of 30.6%, from $712k in 2018 to $2.7M in 2023.

In 2018, Venezuela exported $403 to Pakistan. The main products exported from Venezuela to Pakistan were Electric Batteries ($393) and Iron Fasteners ($10). During the last 5 years the exports of Venezuela to Pakistan have decreased at an annualized rate of 71.8%, from $228k in 2023 to $403 in 2018.

Exports from Pakistan (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Pakistan (Flag) (2023)

Latest Data

Trade between Pakistan (Flag) and Venezuela (Flag)

Pakistan Exports

Market Competitiveness

Color
Pakistan
Top DestinationUnited States$5.18B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Pakistan than Venezuela included United Arab Emirates ($3.7B), China ($3.4B), and Germany ($2.43B).

In 2023, countries that imported more from Venezuela than Pakistan included Brazil ($468M), India ($202M), and Lebanon ($106M).

Difference in imports from Venezuela (Flag) and Pakistan (Flag) (2023)

Comparative Advantage Pakistan - Venezuela

Flow
Scale

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

During 2023, Pakistan had a large net trade with Venezuela in the exports of Textiles ($1.87M), Foodstuffs ($633k), and Instruments ($52.9k).

During 2018, Venezuela had a large net trade with Pakistan in the exports of Machines ($393) and Metals ($10).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Pakistan and Venezuela. This means that a dot/product with the flag of Pakistan indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Pakistan.

Product Space of Pakistan (Flag) and Venezuela (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms