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Pricing

2022
Flag → Flag
Exports $2.57MRnk 48 / 126
2022
Flag → Flag
Top Product $1.29MDried Legumes
2022
Flag → Flag
Exports $56.9MRnk 103 / 152
2022
Flag → Flag
Top Product $13MRice
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
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 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Venezuela-Vietnam Trade: In 2022, Venezuela exported $2.57M to Vietnam. The main products that Venezuela exported to Vietnam were Dried Legumes ($1.29M), Tanned Equine and Bovine Hides ($662k), and Scrap Iron ($209k). Over the past 5 years the exports of Venezuela to Vietnam have increased at an annualized rate of 17.1%, from $1.17M in 2017 to $2.57M in 2022.

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

Vietnam-Venezuela Trade: In 2022, Vietnam exported $56.9M to Venezuela. The main products that Vietnam exported to Venezuela were Rice ($13M), Cement ($6.55M), and Non-Knit Women's Coats ($4.24M). Over the past 5 years the exports of Vietnam to Venezuela have increased at an annualized rate of 19%,  from $20M in 2017 to $56.9M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $2.57M to Vietnam. The main products exported from Venezuela to Vietnam were Dried Legumes ($1.29M), Tanned Equine and Bovine Hides ($662k), and Scrap Iron ($209k). During the last 5 years the exports of Venezuela to Vietnam have increased at an annualized rate of 17.1%, from $1.17M in 2017 to $2.57M in 2022.

In 2017, Vietnam exported $56.9M to Venezuela. The main products exported from Vietnam to Venezuela were Rice ($13M), Cement ($6.55M), and Non-Knit Women's Coats ($4.24M). During the last 5 years the exports of Vietnam to Venezuela have increased at an annualized rate of 19%, from $20M in 2022 to $56.9M in 2017.

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

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

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Venezuela included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Venezuela - Vietnam

Flow
Scale

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

During 2022, Venezuela had a large net trade with Vietnam in the exports of Vegetable Products ($1.29M), Animal Hides ($662k), and Metals ($460k).

During 2017, Vietnam had a large net trade with Venezuela in the exports of Vegetable Products ($17.4M), Textiles ($12.3M), and Mineral Products ($6.55M).

Economic Complexity

Competitive Landscape

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

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

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