2023
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH
-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC 
$5,070CURRENT US$
Rnk 122 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 95 / 195

About

Ukraine-Venezuela Trade: In 2023, Ukraine exported $1.64M to Venezuela. The main products that Ukraine exported to Venezuela were Refined Petroleum ($1.43M), Vaccines, blood, antisera, toxins and cultures ($108k), and Packaged Medicaments ($36k). Over the past 5 years the exports of Ukraine to Venezuela have decreased at an annualized rate of 39.7%, from $20.6M in 2018 to $1.64M in 2023.

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

Venezuela-Ukraine Trade: In 2023, Venezuela exported $9.23M to Ukraine. The main products that Venezuela exported to Ukraine were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($4.49M), Processed Crustaceans ($3.35M), and Petroleum Coke ($698k). Over the past 5 years the exports of Venezuela to Ukraine have increased at an annualized rate of 121%,  from $177k in 2018 to $9.23M in 2023.

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

Comparison: In 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). 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, Ukraine exported $1.64M to Venezuela. The main products exported from Ukraine to Venezuela were Refined Petroleum ($1.43M), Vaccines, blood, antisera, toxins and cultures ($108k), and Packaged Medicaments ($36k). During the last 5 years the exports of Ukraine to Venezuela have decreased at an annualized rate of 39.7%, from $20.6M in 2018 to $1.64M in 2023.

In 2018, Venezuela exported $9.23M to Ukraine. The main products exported from Venezuela to Ukraine were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($4.49M), Processed Crustaceans ($3.35M), and Petroleum Coke ($698k). During the last 5 years the exports of Venezuela to Ukraine have increased at an annualized rate of 121%, from $177k in 2023 to $9.23M in 2018.

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

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

Latest Data

Trade between Ukraine (Flag) and Venezuela (Flag)

Ukraine Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$4.83B
Venezuela
Top Destination
United States$3.81B

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

In 2023, countries that imported more from Ukraine than Venezuela included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

In 2023, countries that imported more from Venezuela than Ukraine included United States ($3.81B), Brazil ($468M), and Colombia ($131M).

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

Comparative Advantage Ukraine - Venezuela

Flow
Scale

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

During 2023, Ukraine had a large net trade with Venezuela in the exports of Mineral Products ($1.43M), Chemical Products ($171k), and Textiles ($26.6k).

During 2018, Venezuela had a large net trade with Ukraine in the exports of Chemical Products ($4.49M), Foodstuffs ($3.71M), and Mineral Products ($698k).

Economic Complexity

Competitive Landscape

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

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

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