2022
Flag  
GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
Flag
GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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About

Romania-Venezuela Trade: In 2022, Romania exported $121k to Venezuela. The main products that Romania exported to Venezuela were Hard Liquor ($37.2k), Sodium or Potassium Peroxides ($36.3k), and Wood Carpentry ($19.2k). Over the past 5 years the exports of Romania to Venezuela have decreased at an annualized rate of 28.2%, from $633k in 2017 to $121k in 2022.

In 2017, Romania exported services to Venezuela worth $791k, with Computer and information services ($791k) being the largest in terms of value.

Venezuela-Romania Trade: In 2022, Venezuela exported $10.2M to Romania. The main products that Venezuela exported to Romania were Iron Ore ($5.92M), Acyclic Alcohols ($4.23M), and Rough Wood ($42.8k). Over the past 5 years the exports of Venezuela to Romania have increased at an annualized rate of 117%,  from $44.9k in 2017 to $10.2M in 2022.

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

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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
Value

In 2022, Romania exported $121k to Venezuela. The main products exported from Romania to Venezuela were Hard Liquor ($37.2k), Sodium or Potassium Peroxides ($36.3k), and Wood Carpentry ($19.2k). During the last 5 years the exports of Romania to Venezuela have decreased at an annualized rate of 28.2%, from $633k in 2017 to $121k in 2022.

In 2017, Venezuela exported $10.2M to Romania. The main products exported from Venezuela to Romania were Iron Ore ($5.92M), Acyclic Alcohols ($4.23M), and Rough Wood ($42.8k). During the last 5 years the exports of Venezuela to Romania have increased at an annualized rate of 117%, from $44.9k in 2022 to $10.2M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Venezuela (Flag)

Romania Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Venezuela
Top Destination
China$703M

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

In 2022, countries that imported more from Romania than Venezuela included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Venezuela than Romania included Guatemala ($84.5M), Brazil ($361M), and Dominican Republic ($76.7M).

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

Comparative Advantage Romania - Venezuela

Flow
Scale

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

During 2022, Romania had a large net trade with Venezuela in the exports of Chemical Products ($48.5k), Foodstuffs ($37.2k), and Wood Products ($19.2k).

During 2017, Venezuela had a large net trade with Romania in the exports of Mineral Products ($5.92M), Chemical Products ($4.23M), and Wood Products ($54.5k).

Economic Complexity

Competitive Landscape

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

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

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