Venezuela (VEN) and Nepal (NPL) Trade | The Observatory of Economic Complexity

About

Venezuela-Nepal Trade: In 2022, Venezuela exported $184k to Nepal. The main products that Venezuela exported to Nepal were Dried Legumes ($171k), Medical Instruments ($9.31k), and Low-voltage Protection Equipment ($3.04k). Over the past 5 years the exports of Venezuela to Nepal have decreased at an annualized rate of 6.58%, from $259k in 2017 to $184k in 2022.

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

Nepal-Venezuela In N/A, Nepal did not export any products to Venezuela.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), 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 $184k to Nepal. The main products exported from Venezuela to Nepal were Dried Legumes ($171k), Medical Instruments ($9.31k), and Low-voltage Protection Equipment ($3.04k). During the last 5 years the exports of Venezuela to Nepal have decreased at an annualized rate of 6.58%, from $259k in 2017 to $184k in 2022.

Nepal does not register exports to Venezuela. The main products exported from Nepal to Venezuela were Packaged Medicaments ($14.4k).

Exports from Venezuela () to Nepal () (2022)

Exports from Nepal () to Venezuela () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Venezuela included India ($956M), Singapore ($25.5M), and United Kingdom ($26.2M).

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

Comparative Advantage Venezuela - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Nepal in the exports of Vegetable Products ($171k), Instruments ($9.42k), and Machines ($3.11k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Nepal () (2022)

Exports from Nepal () to Venezuela () (2022)

Market Competitiveness

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

Comparative Advantage Venezuela - Nepal

Economic Complexity

Competitive Landscape

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

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