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2021
Flag → Flag
Exports $85.4kRnk 172 / 0
2021
Flag → Flag
Exports $2.89MRnk 144 / 199
2021
Flag → Flag
Top Product $671kLight Synthetic Cotton Fabrics
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.45Rnk 84 / 133
2022
Flag
 GDP$377BCURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP GROWTH67.8%CURRENT US$
Rnk 31 / 186
2022
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GDP PC$1,597CURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP PC GROWTH43.9%CURRENT US$
Rnk 43 / 186

About

Venezuela-Pakistan Trade: In 2021, Venezuela exported $85.4k to Pakistan. The main products that Venezuela exported to Pakistan were N/A. Over the past 5 years the exports of Venezuela to Pakistan have increased at an annualized rate of 29.2%, from $23.8k in 2016 to $85.4k in 2021.

In 2021, Venezuela did not export any services to Pakistan.

Pakistan-Venezuela Trade: In 2021, Pakistan exported $2.89M to Venezuela. The main products that Pakistan exported to Venezuela were Light Synthetic Cotton Fabrics ($671k), House Linens ($406k), and Confectionery Sugar ($331k). Over the past 5 years the exports of Pakistan to Venezuela have increased at an annualized rate of 6.73%,  from $2.09M in 2016 to $2.89M in 2021.

In 2021, Pakistan 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, Pakistan ranked 84 in the Economic Complexity Index (ECI -0.45), and 66 in total exports ($38.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Venezuela exported $85.4k to Pakistan. There were not main exports from Venezuela to Pakistan in 2021. During the last 5 years the exports of Venezuela to Pakistan have increased at an annualized rate of 29.2%, from $23.8k in 2016 to $85.4k in 2021.

In 2017, Pakistan exported $2.89M to Venezuela. The main products exported from Pakistan to Venezuela were Light Synthetic Cotton Fabrics ($671k), House Linens ($406k), and Confectionery Sugar ($331k). During the last 5 years the exports of Pakistan to Venezuela have increased at an annualized rate of 6.73%, from $2.09M in 2022 to $2.89M in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Pakistan (Flag)

Pakistan Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Pakistan
Top DestinationUnited States$6.47B

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

In 2022, countries that imported more from Venezuela than Pakistan included Brazil ($361M), India ($228M), and Turkey ($597M).

In 2022, countries that imported more from Pakistan than Venezuela included United States ($6.47B), Germany ($2.8B), and United Arab Emirates ($2.58B).

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

Comparative Advantage Venezuela - Pakistan

Flow
Scale

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

During 2021, Venezuela had a large net trade with Pakistan in the exports of .

During 2017, Pakistan had a large net trade with Venezuela in the exports of Textiles ($2.11M), Foodstuffs ($331k), and Machines ($271k).

Economic Complexity

Competitive Landscape

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

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

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