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2023
Flag → Flag
Exports $7.2kRnk 99 / 123
2023
Flag → Flag
Top Product $7.2kRolled Tobacco
2023
Flag → Flag
Exports $76.4kRnk 89 / 122
2023
Flag → Flag
Top Product $47.5kOther Furniture
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$3.46BCURRENT US$
Rnk 166 / 195
2013-2023
Flag
GDP GROWTH-32.9%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC $5,494CURRENT US$
Rnk 119 / 195
2013-2023
Flag
GDP PC GROWTH-39.2%CURRENT US$
Rnk 191 / 195

About

Suriname-Venezuela Trade: In 2023, Suriname exported $7.2k to Venezuela. The main products that Suriname exported to Venezuela were Rolled Tobacco ($7.2k). Over the past 5 years the exports of Suriname to Venezuela have decreased at an annualized rate of 51.7%, from $275k in 2018 to $7.2k in 2023.

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

Venezuela-Suriname Trade: In 2023, Venezuela exported $76.4k to Suriname. The main products that Venezuela exported to Suriname were Other Furniture ($47.5k), Excavation Machinery ($13.9k), and Washing and Bottling Machines ($9.85k). Over the past 5 years the exports of Venezuela to Suriname have decreased at an annualized rate of 49.5%,  from $2.33M in 2018 to $76.4k in 2023.

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

Comparison In 2023,  Suriname ranked 141 in total exports ($2.42B), and does not have data regarding Economic Complexity Index. 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, Suriname exported $7.2k to Venezuela. The main products exported from Suriname to Venezuela were Rolled Tobacco ($7.2k). During the last 5 years the exports of Suriname to Venezuela have decreased at an annualized rate of 51.7%, from $275k in 2018 to $7.2k in 2023.

In 2018, Venezuela exported $76.4k to Suriname. The main products exported from Venezuela to Suriname were Other Furniture ($47.5k), Excavation Machinery ($13.9k), and Washing and Bottling Machines ($9.85k). During the last 5 years the exports of Venezuela to Suriname have decreased at an annualized rate of 49.5%, from $2.33M in 2023 to $76.4k in 2018.

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

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

Market Competitiveness

Color
Suriname
Top DestinationSwitzerland$1.18B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Suriname than Venezuela included Switzerland ($1.18B), United Arab Emirates ($667M), and Guyana ($118M).

In 2023, countries that imported more from Venezuela than Suriname included United States ($3.81B), China ($739M), and Spain ($670M).

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

Comparative Advantage Suriname - Venezuela

Flow
Scale

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

During 2023, Suriname had a large net trade with Venezuela in the exports of Foodstuffs ($7.2k).

During 2018, Venezuela had a large net trade with Suriname in the exports of Miscellaneous ($47.5k), Machines ($23.8k), and Chemical Products ($2.13k).

Economic Complexity

Competitive Landscape

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

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

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