Venezuela (VEN) and Palestine (PSE) Trade | The Observatory of Economic Complexity

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Venezuela-Palestine Trade: In 2022, Venezuela exported $115k to Palestine. The main products that Venezuela exported to Palestine were Wood Charcoal ($109k), Other Cloth Articles ($6.7k), and Brochures ($13). Over the past 6 years the exports of Venezuela to Palestine have increased at an annualized rate of 30.3%, from $23.6k in 2016 to $115k in 2022.

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

Palestine-Venezuela Trade: In 2022, Palestine exported $364k to Venezuela. The main products that Palestine exported to Venezuela were N/A. Over the past 6 years the exports of Palestine to Venezuela have increased at an annualized rate of 99%, from $2.95k in 2016 to $364k in 2022.

In 2022, Palestine 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, Palestine ranked 150 in total exports ($1.61B), 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 $115k to Palestine. The main products exported from Venezuela to Palestine were Wood Charcoal ($109k), Other Cloth Articles ($6.7k), and Brochures ($13). During the last 6 years the exports of Venezuela to Palestine have increased at an annualized rate of 30.3%, from $23.6k in 2016 to $115k in 2022.

In 2009, Palestine exported $364k to Venezuela. There were not main exports from Palestine to Venezuela in 2009. During the last 5 years the exports of Palestine to Venezuela have increased at an annualized rate of 99%, from $2.95k in 2014 to $364k in 2009.

Exports from Venezuela () to Palestine () (2022)

Exports from Palestine () to Venezuela () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Palestine
Top DestinationIsrael$1.3B

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

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

In 2022, countries that imported more from Palestine than Venezuela included Israel ($1.3B), Jordan ($159M), and Saudi Arabia ($13.5M).

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

Comparative Advantage Venezuela - Palestine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Palestine in the exports of Wood Products ($109k), Textiles ($6.7k), and Paper Goods ($13).

During 2009, Palestine had a large net trade with Venezuela 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 Palestine. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Palestine. Similarly, a dot/product with the flag of Palestine indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Palestine () (2022)

Exports from Palestine () to Venezuela () (2022)

Market Competitiveness

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

Comparative Advantage Venezuela - Palestine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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