Venezuela (VEN) and Micronesia (FSM) Trade | The Observatory of Economic Complexity

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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 5.27%, from $42.7k in N/A to $75k in N/A.

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

Comparison In 2023, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 5.27%, from $42.7k in 2013 to $75k in 2008.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationUnited States$3.81B

Micronesia
Top DestinationThailand$121M

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 2023, countries that imported more from Venezuela than Micronesia included United States ($3.81B), China ($739M), and Spain ($670M).

In 2023, countries that imported more from Micronesia than Venezuela included Thailand ($121M), Philippines ($21.5M), and Botswana ($1.01M).

Difference in imports from Micronesia () and Venezuela () (2023)

Comparative Advantage Venezuela - Micronesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 .

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

Difference in imports from Micronesia () and Venezuela () (2023)

Comparative Advantage Venezuela - Micronesia

Economic Complexity

Competitive Landscape

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

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