Bangladesh (BGD) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Bangladesh-Venezuela Trade: In 2015, Bangladesh exported $827k to Venezuela. The main products that Bangladesh exported to Venezuela were N/A. Over the past 6 years the exports of Bangladesh to Venezuela have decreased at an annualized rate of 10.7%, from $1.63M in 2009 to $827k in 2015.

In 2015, Bangladesh did not export any services to Venezuela.

Venezuela-Bangladesh Trade: In 2015, Venezuela exported $7.81M to Bangladesh. The main products that Venezuela exported to Bangladesh were N/A. Over the past 6 years the exports of Venezuela to Bangladesh have increased at an annualized rate of 81.8%, from $394k in 2009 to $7.81M in 2015.

In 2015, Venezuela did not export any services to Bangladesh.

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2015, Bangladesh exported $827k to Venezuela. There were not main exports from Bangladesh to Venezuela in 2015. During the last 6 years the exports of Bangladesh to Venezuela have decreased at an annualized rate of 10.7%, from $1.63M in 2009 to $827k in 2015.

In 2010, Venezuela exported $7.81M to Bangladesh. There were not main exports from Venezuela to Bangladesh in 2010. During the last 5 years the exports of Venezuela to Bangladesh have increased at an annualized rate of 81.8%, from $394k in 2015 to $7.81M in 2010.

Exports from Bangladesh () to Venezuela () (2015)

Exports from Venezuela () to Bangladesh () (2015)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Bangladesh than Venezuela included Germany ($8.28B), United States ($8.58B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Venezuela than Bangladesh included Brazil ($468M), Lebanon ($106M), and Colombia ($131M).

Difference in imports from Venezuela () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2015, Bangladesh had a large net trade with Venezuela in the exports of .

During 2010, Venezuela had a large net trade with Bangladesh in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Venezuela () (2015)

Exports from Venezuela () to Bangladesh () (2015)

Market Competitiveness

Difference in imports from Venezuela () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Venezuela () (2015)

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