Venezuela (VEN) and Papua New Guinea (PNG) Trade | The Observatory of Economic Complexity

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Venezuela-Papua New Guinea Trade: In 2021, Venezuela exported $3.8k to Papua New Guinea. The main products that Venezuela exported to Papua New Guinea were N/A. Over the past 17 years the exports of Venezuela to Papua New Guinea have decreased at an annualized rate of 8.09%, from $15.9k in 2004 to $3.8k in 2021.

In 2021, Venezuela did not export any services to Papua New Guinea.

Papua New Guinea-Venezuela In N/A, Papua New Guinea did not export any products to Venezuela.

In 2021, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Venezuela exported $3.8k to Papua New Guinea. There were not main exports from Venezuela to Papua New Guinea in 2021. During the last 17 years the exports of Venezuela to Papua New Guinea have decreased at an annualized rate of 8.09%, from $15.9k in 2004 to $3.8k in 2021.

Papua New Guinea does not register exports to Venezuela.

Exports from Venezuela () to Papua New Guinea () (2021)

Exports from Papua New Guinea () to Venezuela () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Papua New Guinea
Top DestinationJapan$4.03B

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

In 2022, countries that imported more from Venezuela than Papua New Guinea included Turkey ($597M), Spain ($518M), and United States ($438M).

In 2022, countries that imported more from Papua New Guinea than Venezuela included Japan ($4.03B), China ($3.44B), and Australia ($1.74B).

Difference in imports from Papua New Guinea () and Venezuela () (2022)

Comparative Advantage Venezuela - Papua New Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Venezuela and Papua New Guinea by product, considering products traded by both, Venezuela and Papua New Guinea.

During 2021, Venezuela had a large net trade with Papua New Guinea 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 Papua New Guinea. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Papua New Guinea. Similarly, a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Papua New Guinea () (2021)

Exports from Papua New Guinea () to Venezuela () (2021)

Market Competitiveness

Difference in imports from Papua New Guinea () and Venezuela () (2022)

Comparative Advantage Venezuela - Papua New Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Papua New Guinea () (2021)

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