Venezuela (VEN) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Venezuela-Estonia Trade: In 2022, Venezuela exported $3.46M to Estonia. The main products that Venezuela exported to Estonia were Cocoa Beans ($2.78M), Hard Liquor ($212k), and Crustaceans ($208k). Over the past 5 years the exports of Venezuela to Estonia have increased at an annualized rate of 38.4%, from $682k in 2017 to $3.46M in 2022.

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

Estonia-Venezuela Trade: In 2022, Estonia exported $962k to Venezuela. The main products that Estonia exported to Venezuela were Pesticides ($486k), Soybean Oil ($224k), and Seed Oils ($142k). Over the past 5 years the exports of Estonia to Venezuela have increased at an annualized rate of 30.4%, from $255k in 2017 to $962k in 2022.

In 2019, Estonia exported services to Venezuela worth $112k, with Travel ($112k) 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $3.46M to Estonia. The main products exported from Venezuela to Estonia were Cocoa Beans ($2.78M), Hard Liquor ($212k), and Crustaceans ($208k). During the last 5 years the exports of Venezuela to Estonia have increased at an annualized rate of 38.4%, from $682k in 2017 to $3.46M in 2022.

In 2017, Estonia exported $962k to Venezuela. The main products exported from Estonia to Venezuela were Pesticides ($486k), Soybean Oil ($224k), and Seed Oils ($142k). During the last 5 years the exports of Estonia to Venezuela have increased at an annualized rate of 30.4%, from $255k in 2022 to $962k in 2017.

Exports from Venezuela () to Estonia () (2022)

Exports from Estonia () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Estonia ()

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Estonia
Top DestinationFinland$3B

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

In 2022, countries that imported more from Venezuela than Estonia included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from Estonia than Venezuela included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Venezuela - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Estonia in the exports of Foodstuffs ($3.25M), Animal Products ($208k), and Miscellaneous ($6.79k).

During 2017, Estonia had a large net trade with Venezuela in the exports of Chemical Products ($486k), Animal and Vegetable Bi-Products ($366k), and Foodstuffs ($99.5k).

Bilateral Service Trade

Est Year

In 2019, Estonia exported services to Venezuela worth $112k, with Travel ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () 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 Estonia. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Estonia () (2022)

Exports from Estonia () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Estonia ()

Estonia Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Estonia

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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