Venezuela (VEN) and Netherlands (NLD) Trade | The Observatory of Economic Complexity

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Venezuela-Netherlands Trade: In 2022, Venezuela exported $26.2M to Netherlands. The main products that Venezuela exported to Netherlands were Acyclic Alcohols ($84.5M), Crustaceans ($70.1M), and Ferroalloys ($6.82M). Over the past 5 years the exports of Venezuela to Netherlands have decreased at an annualized rate of 40.7%, from $357M in 2017 to $26.2M in 2022.

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

Netherlands-Venezuela Trade: In 2022, Netherlands exported $73.1M to Venezuela. The main products that Netherlands exported to Venezuela were Other Agricultural Machinery ($8.39M), Malt ($4.93M), and Other Frozen Vegetables ($4.34M). Over the past 5 years the exports of Netherlands to Venezuela have decreased at an annualized rate of 15.6%, from $170M in 2017 to $73.1M in 2022.

In 2020, Netherlands exported services to Venezuela worth $29.7M, with Other business services ($27.8M), Transportation ($1.26M), and Travel ($457k) being the largest in terms of value.

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $26.2M to Netherlands. The main products exported from Venezuela to Netherlands were Acyclic Alcohols ($84.5M), Crustaceans ($70.1M), and Ferroalloys ($6.82M). During the last 5 years the exports of Venezuela to Netherlands have decreased at an annualized rate of 40.7%, from $357M in 2017 to $26.2M in 2022.

In 2017, Netherlands exported $73.1M to Venezuela. The main products exported from Netherlands to Venezuela were Other Agricultural Machinery ($8.39M), Malt ($4.93M), and Other Frozen Vegetables ($4.34M). During the last 22 years the exports of Netherlands to Venezuela have decreased at an annualized rate of 15.6%, from $170M in 1995 to $73.1M in 2017.

Exports from Venezuela () to Netherlands () (2022)

Exports from Netherlands () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Netherlands ()

Netherlands Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Netherlands
Top DestinationGermany$131B

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

In 2022, countries that imported more from Venezuela than Netherlands included Montenegro ($75.9M).

In 2022, countries that imported more from Netherlands than Venezuela included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

Comparative Advantage Venezuela - Netherlands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Netherlands in the exports of Chemical Products ($84.6M), Animal Products ($70.1M), and Metals ($12M).

During 2017, Netherlands had a large net trade with Venezuela in the exports of Machines ($10.4M), Chemical Products ($7.57M), and Foodstuffs ($6.92M).

Potential Exports

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Bilateral Service Trade

Nld Year

In 2020, Netherlands exported services to Venezuela worth $29.7M, with Other business services ($27.8M), Transportation ($1.26M), and Travel ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Netherlands () (2022)

Exports from Netherlands () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Netherlands ()

Netherlands Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Netherlands

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Netherlands () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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