Venezuela (VEN) and Macau (MAC) Trade | The Observatory of Economic Complexity

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Venezuela-Macau Trade: In 2022, Venezuela exported $1.9M to Macau. The main products that Venezuela exported to Macau were Fish: dried, salted, smoked or in brine ($1.82M), Processed Crustaceans ($83.6k), and Chocolate ($2.42k). Over the past 5 years the exports of Venezuela to Macau have increased at an annualized rate of 229%, from $4.91k in 2017 to $1.9M in 2022.

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

Macau-Venezuela Trade: In 2022, Macau exported $120 to Venezuela. The main products that Macau exported to Venezuela were N/A. Over the past 5 years the exports of Macau to Venezuela have decreased at an annualized rate of 73.8%, from $96.3k in 2017 to $120 in 2022.

In 2022, Macau 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, Macau ranked 146 in total exports ($1.88B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $1.9M to Macau. The main products exported from Venezuela to Macau were Fish: dried, salted, smoked or in brine ($1.82M), Processed Crustaceans ($83.6k), and Chocolate ($2.42k). During the last 5 years the exports of Venezuela to Macau have increased at an annualized rate of 229%, from $4.91k in 2017 to $1.9M in 2022.

In 2008, Macau exported $120 to Venezuela. There were not main exports from Macau to Venezuela in 2008. During the last 5 years the exports of Macau to Venezuela have decreased at an annualized rate of 73.8%, from $96.3k in 2013 to $120 in 2008.

Exports from Venezuela () to Macau () (2022)

Exports from Macau () to Venezuela () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Macau
Top DestinationHong Kong$1.22B

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

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

In 2022, countries that imported more from Macau than Venezuela included Hong Kong ($1.22B), Switzerland ($56.4M), and Israel ($37.4M).

Difference in imports from Macau () and Venezuela () (2022)

Comparative Advantage Venezuela - Macau

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Macau in the exports of Animal Products ($1.82M), Foodstuffs ($86.1k), and Paper Goods ($1.12k).

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

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Macau () (2022)

Exports from Macau () to Venezuela () (2022)

Market Competitiveness

Difference in imports from Macau () and Venezuela () (2022)

Comparative Advantage Venezuela - Macau

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Macau () (2022)

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