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2023
Flag → Flag
Exports $20.4MRnk 21 / 122
2023
Flag → Flag
Top Product $15.1MDried Legumes
2023
Flag → Flag
Exports $27.7MRnk 133 / 213
2023
Flag → Flag
Top Product $16.5MSoap
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Venezuela-Indonesia Trade: In 2023, Venezuela exported $20.4M to Indonesia. The main products that Venezuela exported to Indonesia were Dried Legumes ($15.1M), Cocoa Beans ($3.53M), and Raw Aluminium ($1.66M). Over the past 5 years the exports of Venezuela to Indonesia have increased at an annualized rate of 14.3%, from $10.5M in 2018 to $20.4M in 2023.

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

Indonesia-Venezuela Trade: In 2023, Indonesia exported $27.7M to Venezuela. The main products that Indonesia exported to Venezuela were Soap ($16.5M), Cars ($3.53M), and Non-Retail Synthetic Staple Fibers Yarn ($2.24M). Over the past 5 years the exports of Indonesia to Venezuela have increased at an annualized rate of 46.1%,  from $4.15M in 2018 to $27.7M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Venezuela exported $20.4M to Indonesia. The main products exported from Venezuela to Indonesia were Dried Legumes ($15.1M), Cocoa Beans ($3.53M), and Raw Aluminium ($1.66M). During the last 5 years the exports of Venezuela to Indonesia have increased at an annualized rate of 14.3%, from $10.5M in 2018 to $20.4M in 2023.

In 2018, Indonesia exported $27.7M to Venezuela. The main products exported from Indonesia to Venezuela were Soap ($16.5M), Cars ($3.53M), and Non-Retail Synthetic Staple Fibers Yarn ($2.24M). During the last 5 years the exports of Indonesia to Venezuela have increased at an annualized rate of 46.1%, from $4.15M in 2023 to $27.7M in 2018.

Exports from Venezuela (Flag) to Indonesia (Flag) (2023)

Exports from Indonesia (Flag) to Venezuela (Flag) (2023)

Latest Data

Trade between Venezuela (Flag) and Indonesia (Flag)

Indonesia Exports

Market Competitiveness

Color
Venezuela
Top DestinationUnited States$3.81B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Venezuela than Indonesia included Guyana ($18.1M).

In 2023, countries that imported more from Indonesia than Venezuela included China ($70.7B), United States ($27.9B), and India ($24B).

Difference in imports from Indonesia (Flag) and Venezuela (Flag) (2023)

Comparative Advantage Venezuela - Indonesia

Flow
Scale

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

During 2023, Venezuela had a large net trade with Indonesia in the exports of Vegetable Products ($15.2M), Foodstuffs ($3.53M), and Metals ($1.66M).

During 2018, Indonesia had a large net trade with Venezuela in the exports of Chemical Products ($17.1M), Textiles ($3.87M), and Transportation ($3.54M).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Indonesia (Flag) (2023)

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