2022
Flag
 GDP
$477BCURRENT US$
Rnk 31 / 186
2012-2022
Flag
GDP GROWTH
70.8%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC
$4,295CURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP PC GROWTH
40.4%CURRENT US$
Rnk 48 / 186

About

Venezuela-Egypt Trade: In 2022, Venezuela exported $19M to Egypt. The main products that Venezuela exported to Egypt were Semi-Finished Iron ($18.9M), Other Furniture ($20.3k), and Cars ($19.3k). Over the past 5 years the exports of Venezuela to Egypt have decreased at an annualized rate of 10.7%, from $33.4M in 2017 to $19M in 2022.

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

Egypt-Venezuela Trade: In 2022, Egypt exported $9.5M to Venezuela. The main products that Egypt exported to Venezuela were Polyacetals ($3.26M), Building Stone ($903k), and Household Washing Machines ($757k). Over the past 5 years the exports of Egypt to Venezuela have increased at an annualized rate of 48.1%,  from $1.34M in 2017 to $9.5M in 2022.

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

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Egypt ranked 69 in the Economic Complexity Index (ECI -0.1), and 59 in total exports ($53.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $19M to Egypt. The main products exported from Venezuela to Egypt were Semi-Finished Iron ($18.9M), Other Furniture ($20.3k), and Cars ($19.3k). During the last 5 years the exports of Venezuela to Egypt have decreased at an annualized rate of 10.7%, from $33.4M in 2017 to $19M in 2022.

In 2017, Egypt exported $9.5M to Venezuela. The main products exported from Egypt to Venezuela were Polyacetals ($3.26M), Building Stone ($903k), and Household Washing Machines ($757k). During the last 5 years the exports of Egypt to Venezuela have increased at an annualized rate of 48.1%, from $1.34M in 2022 to $9.5M in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Egypt (Flag)

Egypt Exports

Market Competitiveness

Color
Venezuela
Top Destination
China$703M
Egypt
Top Destination
Turkey$4.23B

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

In 2022, countries that imported more from Venezuela than Egypt included Colombia ($99.8M), Montenegro ($75.9M), and Guatemala ($84.5M).

In 2022, countries that imported more from Egypt than Venezuela included Turkey ($4.23B), Italy ($3.32B), and United States ($3.21B).

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

Comparative Advantage Venezuela - Egypt

Flow
Scale

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

During 2022, Venezuela had a large net trade with Egypt in the exports of Metals ($18.9M), Miscellaneous ($20.3k), and Transportation ($19.3k).

During 2017, Egypt had a large net trade with Venezuela in the exports of Plastics and Rubbers ($3.58M), Stone And Glass ($2.06M), and Foodstuffs ($910k).

Economic Complexity

Competitive Landscape

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

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

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