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2022
Flag → Flag
Exports $65MRnk 124 / 219
2022
Flag → Flag
Top Product $34.8MCars
2022
Flag → Flag
Exports $15.6MRnk 27 / 126
2022
Flag → Flag
Top Product $14.8MDried Legumes
2022
Flag
Economic Complexity (ECI) ECI 0.24Rnk 53 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH32%CURRENT US$
Rnk 93 / 186
2022
Flag
GDP PC $53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH21.1%CURRENT US$
Rnk 81 / 186

About

United Arab Emirates-Venezuela Trade: In 2022, United Arab Emirates exported $65M to Venezuela. The main products that United Arab Emirates exported to Venezuela were Cars ($34.8M), Refined Petroleum ($14M), and Delivery Trucks ($5.42M). Over the past 5 years the exports of United Arab Emirates to Venezuela have increased at an annualized rate of 5.74%, from $49.2M in 2017 to $65M in 2022.

In 2022, United Arab Emirates did not export any services to Venezuela.

Venezuela-United Arab Emirates Trade: In 2022, Venezuela exported $15.6M to United Arab Emirates. The main products that Venezuela exported to United Arab Emirates were Dried Legumes ($14.8M), Wood Charcoal ($318k), and Hard Liquor ($289k). Over the past 5 years the exports of Venezuela to United Arab Emirates have decreased at an annualized rate of 56.7%,  from $1.03B in 2017 to $15.6M in 2022.

In 2022, Venezuela did not export any services to United Arab Emirates.

Comparison: In 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Arab Emirates exported $65M to Venezuela. The main products exported from United Arab Emirates to Venezuela were Cars ($34.8M), Refined Petroleum ($14M), and Delivery Trucks ($5.42M). During the last 5 years the exports of United Arab Emirates to Venezuela have increased at an annualized rate of 5.74%, from $49.2M in 2017 to $65M in 2022.

In 2017, Venezuela exported $15.6M to United Arab Emirates. The main products exported from Venezuela to United Arab Emirates were Dried Legumes ($14.8M), Wood Charcoal ($318k), and Hard Liquor ($289k). During the last 5 years the exports of Venezuela to United Arab Emirates have decreased at an annualized rate of 56.7%, from $1.03B in 2022 to $15.6M in 2017.

Exports from United Arab Emirates (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to United Arab Emirates (Flag) (2022)

Latest Data

Trade between United Arab Emirates (Flag) and Venezuela (Flag)

United Arab Emirates Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationIndia$51B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from United Arab Emirates than Venezuela included India ($51B), Japan ($40.9B), and China ($32.5B).

In 2022, countries that imported more from Venezuela than United Arab Emirates included Montenegro ($75.9M), Guatemala ($84.5M), and Dominican Republic ($76.7M).

Difference in imports from Venezuela (Flag) and United Arab Emirates (Flag) (2022)

Comparative Advantage United Arab Emirates - Venezuela

Flow
Scale

This chart compares trade between United Arab Emirates and Venezuela by product, considering products traded by both, United Arab Emirates and Venezuela.

During 2022, United Arab Emirates had a large net trade with Venezuela in the exports of Transportation ($40.8M), Mineral Products ($14M), and Foodstuffs ($3.36M).

During 2017, Venezuela had a large net trade with United Arab Emirates in the exports of Vegetable Products ($14.8M), Wood Products ($460k), and Foodstuffs ($292k).

Economic Complexity

Competitive Landscape

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

Product Space of United Arab Emirates (Flag) and Venezuela (Flag) (2022)

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