Venezuela / Finland

Venezuela-Finland Trade: In 2023, Venezuela exported $141k to Finland. The main products that Venezuela exported to Finland were Hard Liquor ($108k), Industrial Fatty Acids, Oils and Alcohols ($12.1k), and Other Measuring Instruments ($8.7k). Over the past 5 years the exports of Venezuela to Finland have increased at an annualized rate of 4.39%, from $114k in 2018 to $141k in 2023.

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

Finland-Venezuela Trade: In 2023, Finland exported $1.14M to Venezuela. The main products that Finland exported to Venezuela were Kaolin Coated Paper ($237k), Ethylene Polymers ($210k), and X-Ray Equipment ($144k). Over the past 5 years the exports of Finland to Venezuela have decreased at an annualized rate of 27.5%,  from $5.7M in 2018 to $1.14M in 2023.

In 2020, Finland exported services to Venezuela worth $3.43M, with Computer and information services ($3.43M) being the largest in terms of value.

Comparison: In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).