2022
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 GDP
$3.39TCURRENT US$
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2012-2022
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GDP GROWTH
85.2%CURRENT US$
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2022
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GDP PC
$2,389CURRENT US$
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2012-2022
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GDP PC GROWTH
66.6%CURRENT US$
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About

Venezuela-India In 2022, Venezuela exported $228M to India. The main products that Venezuela exported to India are Petroleum Coke ($97.6M), Scrap Iron ($85.2M), and Acyclic Alcohols ($32.5M). During the last 27 years the exports of Venezuela to India have increased at an annualized rate of 11.6%, from $11.9M in 1995 to $228M in 2022.

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

India-Venezuela In 2022, India exported $189M to Venezuela. The main products that India exported to Venezuela were Packaged Medicaments ($92.3M), Heavy Mixed Woven Cotton ($14.7M), and Vaccines, blood, antisera, toxins and cultures ($14.1M). During the last 27 years the exports of India to Venezuela have increased at an annualized rate of 9.14%, from $17.8M in 1995 to $189M in 2022.

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

Comparison In 2022,  Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B). That same year, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $228M to India. The main products exported from Venezuela to India were Petroleum Coke ($97.6M), Scrap Iron ($85.2M), and Acyclic Alcohols ($32.5M). During the last 27 years the exports of Venezuela to India have increased at an annualized rate of 11.6%, from $11.9M in 1995 to $228M in 2022.

In 2022, India exported $189M to Venezuela. The main products exported from India to Venezuela were Packaged Medicaments ($92.3M), Heavy Mixed Woven Cotton ($14.7M), and Vaccines, blood, antisera, toxins and cultures ($14.1M). During the last 27 years the exports of India to Venezuela have increased at an annualized rate of 9.14%, from $17.8M in 1995 to $189M in 2022.

Exports from Venezuela (Flag) to India (Flag) (2022)

Exports from India (Flag) to Venezuela (Flag) (2022)

Latest Data

Trade between Venezuela (Flag) and India (Flag)

India Exports

Market Competitiveness

Color
Venezuela
Top Destination
China$703M
India
Top Destination
United States$82.9B

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

In 2021, countries that imported more from Venezuela than India were Montenegro ($75.9M).

In 2021, countries that imported more from India than Venezuela were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Venezuela - India

Flow
Scale

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

During 2022, Venezuela had a large net trade with India in the exports of Mineral Products ($97.6M), Metals ($92M), and Chemical Products ($33.8M).

During 2022, India had a large net trade with Venezuela in the exports of Chemical Products ($124M), Textiles ($29.5M), and Metals ($6.93M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Venezuela has comparative advantage over India. Similarly, the more yellow a dot/product is, the more India has comparative advantage over Venezuela.

Product Space of Venezuela (Flag) and India (Flag) (2022)

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