2022
Flag
 GDP
$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH
30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 74 / 186

About

In N/A, Venezuela did not export any services to Micronesia.

Micronesia-Venezuela Trade: In N/A, Micronesia exported $75k to Venezuela. The main products that Micronesia exported to Venezuela were N/A. Over the past N/A years the exports of Micronesia to Venezuela have increased at an annualized rate of 12%,  from $42.7k in N/A to $75k in N/A.

In N/A, Micronesia 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, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Venezuela does not register exports to Micronesia.

In 2008, Micronesia exported $75k to Venezuela. There were not main exports from Micronesia to Venezuela in 2008. During the last 5 years the exports of Micronesia to Venezuela have increased at an annualized rate of 12%, from $42.7k in 2013 to $75k in 2008.

Exports from Venezuela (Flag) to Micronesia (Flag) (2013)

Exports from Micronesia (Flag) to Venezuela (Flag) (2013)

Market Competitiveness

Color
Venezuela
Top Destination
China$703M
Micronesia
Top Destination
Thailand$143M

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

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

In 2022, countries that imported more from Micronesia than Venezuela included Thailand ($143M), Philippines ($22.7M), and Fiji ($1.5M).

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

Comparative Advantage Venezuela - Micronesia

Flow
Scale

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

During 2008, Micronesia had a large net trade with Venezuela in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Venezuela Micronesia+N/AN/A
Top Product Potential Micronesia Venezuela+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Micronesia (Flag) (2013)

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