Venezuela (VEN) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

About

Venezuela-Chinese Taipei Trade: In 2022, Venezuela exported $16.5M to Chinese Taipei. The main products that Venezuela exported to Chinese Taipei were Scrap Iron ($14.1M), Scrap Copper ($745k), and Scrap Aluminium ($422k). Over the past 5 years the exports of Venezuela to Chinese Taipei have increased at an annualized rate of 2.63%, from $14.5M in 2017 to $16.5M in 2022.

In 2022, Venezuela did not export any services to Chinese Taipei.

Chinese Taipei-Venezuela Trade: In 2022, Chinese Taipei exported $19.9M to Venezuela. The main products that Chinese Taipei exported to Venezuela were Air Pumps ($2.62M), Synthetic Fabrics ($1.96M), and Styrene Polymers ($1.8M). Over the past 5 years the exports of Chinese Taipei to Venezuela have increased at an annualized rate of 12.9%, from $10.8M in 2017 to $19.9M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $16.5M to Chinese Taipei. The main products exported from Venezuela to Chinese Taipei were Scrap Iron ($14.1M), Scrap Copper ($745k), and Scrap Aluminium ($422k). During the last 5 years the exports of Venezuela to Chinese Taipei have increased at an annualized rate of 2.63%, from $14.5M in 2017 to $16.5M in 2022.

In 2017, Chinese Taipei exported $19.9M to Venezuela. The main products exported from Chinese Taipei to Venezuela were Air Pumps ($2.62M), Synthetic Fabrics ($1.96M), and Styrene Polymers ($1.8M). During the last 5 years the exports of Chinese Taipei to Venezuela have increased at an annualized rate of 12.9%, from $10.8M in 2022 to $19.9M in 2017.

Exports from Venezuela () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Venezuela () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Venezuela than Chinese Taipei included Lebanon ($150M), Montenegro ($75.9M), and Guyana ($28.9M).

In 2022, countries that imported more from Chinese Taipei than Venezuela included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei () and Venezuela () (2022)

Comparative Advantage Venezuela - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Chinese Taipei in the exports of Metals ($15.5M), Animal Products ($423k), and Wood Products ($284k).

During 2017, Chinese Taipei had a large net trade with Venezuela in the exports of Machines ($7.05M), Plastics and Rubbers ($5.12M), and Textiles ($3.24M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Venezuela () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Venezuela () (2022)

Comparative Advantage Venezuela - Chinese Taipei

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Chinese Taipei () (2022)

Keep Exploring