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2023
Flag → Flag
Exports $127MRnk 107 / 216
2023
Flag → Flag
Top Product $57.8MCars
2023
Flag → Flag
Exports $18.3MRnk 25 / 122
2023
Flag → Flag
Top Product $16MDried Legumes
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
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GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

United Arab Emirates-Venezuela Trade: In 2023, United Arab Emirates exported $127M to Venezuela. The main products that United Arab Emirates exported to Venezuela were Cars ($57.8M), Refined Petroleum ($24.6M), and Delivery Trucks ($22.1M). Over the past 5 years the exports of United Arab Emirates to Venezuela have increased at an annualized rate of 26%, from $39.9M in 2018 to $127M in 2023.

In 2023, United Arab Emirates did not export any services to Venezuela.

Venezuela-United Arab Emirates Trade: In 2023, Venezuela exported $18.3M to United Arab Emirates. The main products that Venezuela exported to United Arab Emirates were Dried Legumes ($16M), Gold ($1.08M), and Wood Charcoal ($830k). Over the past 5 years the exports of Venezuela to United Arab Emirates have decreased at an annualized rate of 60.1%,  from $1.8B in 2018 to $18.3M in 2023.

In 2023, Venezuela did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Arab Emirates exported $127M to Venezuela. The main products exported from United Arab Emirates to Venezuela were Cars ($57.8M), Refined Petroleum ($24.6M), and Delivery Trucks ($22.1M). During the last 5 years the exports of United Arab Emirates to Venezuela have increased at an annualized rate of 26%, from $39.9M in 2018 to $127M in 2023.

In 2018, Venezuela exported $18.3M to United Arab Emirates. The main products exported from Venezuela to United Arab Emirates were Dried Legumes ($16M), Gold ($1.08M), and Wood Charcoal ($830k). During the last 5 years the exports of Venezuela to United Arab Emirates have decreased at an annualized rate of 60.1%, from $1.8B in 2023 to $18.3M in 2018.

Exports from United Arab Emirates (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

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

United Arab Emirates Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Venezuela
Top DestinationUnited States$3.81B

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 2023, countries that imported more from United Arab Emirates than Venezuela included China ($40.2B), India ($38.2B), and Japan ($37.4B).

In 2023, countries that imported more from Venezuela than United Arab Emirates included Colombia ($131M), Guatemala ($50.2M), and Dominican Republic ($42.8M).

Difference in imports from Venezuela (Flag) and United Arab Emirates (Flag) (2023)

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 2023, United Arab Emirates had a large net trade with Venezuela in the exports of Transportation ($81.2M), Mineral Products ($24.6M), and Foodstuffs ($9.85M).

During 2018, Venezuela had a large net trade with United Arab Emirates in the exports of Vegetable Products ($16M), Precious Metals ($1.09M), and Wood Products ($830k).

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) (2023)

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