Venezuela / Spain

Venezuela-Spain Trade: In 2022, Venezuela exported $518M to Spain. The main products that Venezuela exported to Spain were Crude Petroleum ($436M), Crustaceans ($34.6M), and Scrap Iron ($17.6M). Over the past 5 years the exports of Venezuela to Spain have increased at an annualized rate of 6.06%, from $386M in 2017 to $518M in 2022.

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

Spain-Venezuela Trade: In 2022, Spain exported $127M to Venezuela. The main products that Spain exported to Venezuela were Unglazed Ceramics ($9.63M), Wine ($6.74M), and Air Pumps ($3.25M). Over the past 5 years the exports of Spain to Venezuela have increased at an annualized rate of 1.6%,  from $118M in 2017 to $127M in 2022.

In 2009, Spain exported services to Venezuela worth $1.4B, with Services not allocated ($908M), Travel ($350M), and Transportation ($146M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).