Venezuela (VEN) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Venezuela-Ireland Trade: In 2023, Venezuela exported $300k to Ireland. The main products that Venezuela exported to Ireland were Hard Liquor ($63.3k), Office Machine Parts ($61.6k), and Leather Footwear ($35.5k). Over the past 5 years the exports of Venezuela to Ireland have increased at an annualized rate of 21.5%, from $113k in 2018 to $300k in 2023.

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

Ireland-Venezuela Trade: In 2023, Ireland exported $884k to Venezuela. The main products that Ireland exported to Venezuela were Special Pharmaceuticals ($296k), Orthopedic Appliances ($192k), and Medical Instruments ($103k). Over the past 5 years the exports of Ireland to Venezuela have decreased at an annualized rate of 16.3%, from $2.16M in 2018 to $884k in 2023.

In 2018, Ireland exported services to Venezuela worth $1.18M, with Insurance services ($1.18M) 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Venezuela exported $300k to Ireland. The main products exported from Venezuela to Ireland were Hard Liquor ($63.3k), Office Machine Parts ($61.6k), and Leather Footwear ($35.5k). During the last 5 years the exports of Venezuela to Ireland have increased at an annualized rate of 21.5%, from $113k in 2018 to $300k in 2023.

In 2018, Ireland exported $884k to Venezuela. The main products exported from Ireland to Venezuela were Special Pharmaceuticals ($296k), Orthopedic Appliances ($192k), and Medical Instruments ($103k). During the last 5 years the exports of Ireland to Venezuela have decreased at an annualized rate of 16.3%, from $2.16M in 2023 to $884k in 2018.

Exports from Venezuela () to Ireland () (2023)

Exports from Ireland () to Venezuela () (2023)

Latest Data

Trade between Venezuela () and Ireland ()

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationUnited States$3.81B

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Venezuela than Ireland included Dominica ($10.5M), Guyana ($18.1M), and Lebanon ($106M).

In 2023, countries that imported more from Ireland than Venezuela included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Venezuela - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Venezuela had a large net trade with Ireland in the exports of Machines ($79k), Foodstuffs ($64.8k), and Instruments ($63.5k).

During 2018, Ireland had a large net trade with Venezuela in the exports of Chemical Products ($367k), Instruments ($366k), and Machines ($143k).

Bilateral Service Trade

Irl Year

In 2018, Ireland exported services to Venezuela worth $1.18M, with Insurance services ($1.18M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland () to Venezuela () (2018)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Ireland () (2023)

Exports from Ireland () to Venezuela () (2023)

Latest Data

Trade between Venezuela () and Ireland ()

Ireland Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Ireland

Bilateral Service Trade

Services Exports from Ireland () to Venezuela () (2018)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Ireland () (2023)

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