Venezuela (VEN) and Czechia (CZE) Trade | The Observatory of Economic Complexity

About

Venezuela-Czechia Trade: In 2022, Venezuela exported $44.8M to Czechia. The main products that Venezuela exported to Czechia were Raw Aluminium ($36M), Hard Liquor ($6.96M), and Iron Reductions ($1.37M). Over the past 5 years the exports of Venezuela to Czechia have increased at an annualized rate of 56.9%, from $4.71M in 2017 to $44.8M in 2022.

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

Czechia-Venezuela Trade: In 2022, Czechia exported $5.12M to Venezuela. The main products that Czechia exported to Venezuela were Plastic Pipes ($2.37M), Cyanides ($335k), and Industrial Food Preperation Machinery ($247k). Over the past 5 years the exports of Czechia to Venezuela have increased at an annualized rate of 7.82%, from $3.02M in 2017 to $5.12M in 2022.

In 2019, Czechia exported services to Venezuela worth $784k, with Travel ($560k) and Transportation ($224k) being the largest in terms of value.

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $44.8M to Czechia. The main products exported from Venezuela to Czechia were Raw Aluminium ($36M), Hard Liquor ($6.96M), and Iron Reductions ($1.37M). During the last 5 years the exports of Venezuela to Czechia have increased at an annualized rate of 56.9%, from $4.71M in 2017 to $44.8M in 2022.

In 2017, Czechia exported $5.12M to Venezuela. The main products exported from Czechia to Venezuela were Plastic Pipes ($2.37M), Cyanides ($335k), and Industrial Food Preperation Machinery ($247k). During the last 5 years the exports of Czechia to Venezuela have increased at an annualized rate of 7.82%, from $3.02M in 2022 to $5.12M in 2017.

Exports from Venezuela () to Czechia () (2022)

Exports from Czechia () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Czechia ()

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Czechia
Top DestinationGermany$75.3B

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

In 2022, countries that imported more from Venezuela than Czechia included Lebanon ($150M), Guatemala ($84.5M), and Dominican Republic ($76.7M).

In 2022, countries that imported more from Czechia than Venezuela included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

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

Comparative Advantage Venezuela - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Czechia in the exports of Metals ($37.3M), Foodstuffs ($7.01M), and Chemical Products ($352k).

During 2017, Czechia had a large net trade with Venezuela in the exports of Plastics and Rubbers ($2.61M), Chemical Products ($609k), and Machines ($605k).

Bilateral Service Trade

Cze Year

In 2019, Czechia exported services to Venezuela worth $784k, with Travel ($560k) and Transportation ($224k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Czechia () to Venezuela () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Czechia () (2022)

Exports from Czechia () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Czechia ()

Czechia Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Czechia

Bilateral Service Trade

Services Exports from Czechia () to Venezuela () (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring