2022
Flag  
GDP
$44.4BCURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP GROWTH
44.4%CURRENT US$
Rnk 77 / 186
2022
Flag
GDP PC 
$30,152CURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP PC GROWTH
20.1%CURRENT US$
Rnk 88 / 186

About

Bahrain-Venezuela Trade: In 2022, Bahrain exported $115k to Venezuela. The main products that Bahrain exported to Venezuela were Cement Articles ($115k). Over the past 7 years the exports of Bahrain to Venezuela have decreased at an annualized rate of 2.63%, from $138k in 2015 to $115k in 2022.

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

Venezuela-Bahrain Trade: In 2022, Venezuela exported $94.5k to Bahrain. The main products that Venezuela exported to Bahrain were Citrus ($17.4k), Hard Liquor ($16.6k), and Seats ($11.9k). Over the past 7 years the exports of Venezuela to Bahrain have decreased at an annualized rate of 34.6%,  from $791k in 2015 to $94.5k in 2022.

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

Comparison In 2022,  Bahrain ranked 77 in total exports ($20.7B), and does not have data regarding Economic Complexity Index. 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, Bahrain exported $115k to Venezuela. The main products exported from Bahrain to Venezuela were Cement Articles ($115k). During the last 7 years the exports of Bahrain to Venezuela have decreased at an annualized rate of 2.63%, from $138k in 2015 to $115k in 2022.

In 2017, Venezuela exported $94.5k to Bahrain. The main products exported from Venezuela to Bahrain were Citrus ($17.4k), Hard Liquor ($16.6k), and Seats ($11.9k). During the last 5 years the exports of Venezuela to Bahrain have decreased at an annualized rate of 34.6%, from $791k in 2022 to $94.5k in 2017.

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

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

Latest Data

Trade between Bahrain (Flag) and Venezuela (Flag)

Bahrain Exports

Market Competitiveness

Color
Bahrain
Top Destination
Saudi Arabia$3.03B
Venezuela
Top Destination
China$703M

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

In 2022, countries that imported more from Bahrain than Venezuela included Saudi Arabia ($3.03B), United Arab Emirates ($2.07B), and United States ($1.83B).

In 2022, countries that imported more from Venezuela than Bahrain included China ($703M), Brazil ($361M), and Lebanon ($150M).

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

Comparative Advantage Bahrain - Venezuela

Flow
Scale

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

During 2022, Bahrain had a large net trade with Venezuela in the exports of Stone And Glass ($115k).

During 2017, Venezuela had a large net trade with Bahrain in the exports of Vegetable Products ($30k), Miscellaneous ($23.2k), and Foodstuffs ($16.7k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with