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2012
Flag → Flag
Exports $161kRnk 62 / 0
2012
Flag → Flag
Exports $1.1kRnk 116 / 122
2012
Flag → Flag
Top Product $794Motor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

Armenia-Venezuela Trade: In 2012, Armenia exported $161k to Venezuela. The main products that Armenia exported to Venezuela were N/A. Over the past 8 years the exports of Armenia to Venezuela have decreased at an annualized rate of 4.1%, from $225k in 2004 to $161k in 2012.

In 2012, Armenia did not export any services to Venezuela.

Venezuela-Armenia Trade: In 2012, Venezuela exported $1.1k to Armenia. The main products that Venezuela exported to Armenia were Motor vehicles; parts and accessories (8701 to 8705) ($794) and Hard Liquor ($306). Over the past 8 years the exports of Venezuela to Armenia have increased at an annualized rate of 93.1%,  from $41 in 2004 to $1.1k in 2012.

In 2012, Venezuela did not export any services to Armenia.

Comparison: In 2023,  Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). 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 2012, Armenia exported $161k to Venezuela. There were not main exports from Armenia to Venezuela in 2012. During the last 8 years the exports of Armenia to Venezuela have decreased at an annualized rate of 4.1%, from $225k in 2004 to $161k in 2012.

In 2018, Venezuela exported $1.1k to Armenia. The main products exported from Venezuela to Armenia were Motor vehicles; parts and accessories (8701 to 8705) ($794) and Hard Liquor ($306). During the last 5 years the exports of Venezuela to Armenia have increased at an annualized rate of 93.1%, from $41 in 2023 to $1.1k in 2018.

Exports from Armenia (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Armenia (Flag) (2023)

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Armenia than Venezuela included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Venezuela than Armenia included United States ($3.81B), Spain ($670M), and Brazil ($468M).

Difference in imports from Venezuela (Flag) and Armenia (Flag) (2023)

Comparative Advantage Armenia - Venezuela

Flow
Scale

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

During 2012, Armenia had a large net trade with Venezuela in the exports of .

During 2018, Venezuela had a large net trade with Armenia in the exports of Transportation ($794) and Foodstuffs ($306).

Economic Complexity

Competitive Landscape

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

Product Space of Armenia (Flag) and Venezuela (Flag) (2023)

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