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2022
Flag → Flag
Exports $24.3MRnk 22 / 126
2022
Flag → Flag
Top Product $4.39MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $10.7MRnk 155 / 218
2022
Flag → Flag
Top Product $3.56MRubber Apparel
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag
 GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Venezuela-Malaysia Trade: In 2022, Venezuela exported $24.3M to Malaysia. The main products that Venezuela exported to Malaysia were Non-fillet Frozen Fish ($4.39M), Copper Powder ($4.35M), and Cocoa Beans ($4.21M). Over the past 5 years the exports of Venezuela to Malaysia have decreased at an annualized rate of 40.1%, from $315M in 2017 to $24.3M in 2022.

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

Malaysia-Venezuela Trade: In 2022, Malaysia exported $10.7M to Venezuela. The main products that Malaysia exported to Venezuela were Rubber Apparel ($3.56M), Electric Heaters ($1.98M), and Large Flat-Rolled Stainless Steel ($772k). Over the past 5 years the exports of Malaysia to Venezuela have increased at an annualized rate of 3.1%,  from $7.45M in 2017 to $10.7M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $24.3M to Malaysia. The main products exported from Venezuela to Malaysia were Non-fillet Frozen Fish ($4.39M), Copper Powder ($4.35M), and Cocoa Beans ($4.21M). During the last 5 years the exports of Venezuela to Malaysia have decreased at an annualized rate of 40.1%, from $315M in 2017 to $24.3M in 2022.

In 2017, Malaysia exported $10.7M to Venezuela. The main products exported from Malaysia to Venezuela were Rubber Apparel ($3.56M), Electric Heaters ($1.98M), and Large Flat-Rolled Stainless Steel ($772k). During the last 5 years the exports of Malaysia to Venezuela have increased at an annualized rate of 3.1%, from $7.45M in 2022 to $10.7M in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Malaysia (Flag)

Malaysia Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Venezuela than Malaysia included Montenegro ($75.9M), Lebanon ($150M), and Guyana ($28.9M).

In 2022, countries that imported more from Malaysia than Venezuela included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Venezuela - Malaysia

Flow
Scale

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

During 2022, Venezuela had a large net trade with Malaysia in the exports of Metals ($11.5M), Animal Products ($4.66M), and Foodstuffs ($4.22M).

During 2017, Malaysia had a large net trade with Venezuela in the exports of Plastics and Rubbers ($4.54M), Machines ($2.63M), and Chemical Products ($964k).

Economic Complexity

Competitive Landscape

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

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

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