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2022
Flag → Flag
Exports $962kRnk 124 / 188
2022
Flag → Flag
Top Product $486kPesticides
2022
Flag → Flag
Exports $3.46MRnk 43 / 126
2022
Flag → Flag
Top Product $2.78MCocoa Beans
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
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GDP PC $28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Estonia-Venezuela Trade: In 2022, Estonia exported $962k to Venezuela. The main products that Estonia exported to Venezuela were Pesticides ($486k), Soybean Oil ($224k), and Seed Oils ($142k). Over the past 5 years the exports of Estonia to Venezuela have increased at an annualized rate of 30.4%, from $255k in 2017 to $962k in 2022.

In 2019, Estonia exported services to Venezuela worth $112k, with Travel ($112k) being the largest in terms of value.

Venezuela-Estonia Trade: In 2022, Venezuela exported $3.46M to Estonia. The main products that Venezuela exported to Estonia were Cocoa Beans ($2.78M), Hard Liquor ($212k), and Crustaceans ($208k). Over the past 5 years the exports of Venezuela to Estonia have increased at an annualized rate of 31.1%,  from $682k in 2017 to $3.46M in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), 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, Estonia exported $962k to Venezuela. The main products exported from Estonia to Venezuela were Pesticides ($486k), Soybean Oil ($224k), and Seed Oils ($142k). During the last 5 years the exports of Estonia to Venezuela have increased at an annualized rate of 30.4%, from $255k in 2017 to $962k in 2022.

In 2017, Venezuela exported $3.46M to Estonia. The main products exported from Venezuela to Estonia were Cocoa Beans ($2.78M), Hard Liquor ($212k), and Crustaceans ($208k). During the last 5 years the exports of Venezuela to Estonia have increased at an annualized rate of 31.1%, from $682k in 2022 to $3.46M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Venezuela (Flag)

Estonia Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$3B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Estonia than Venezuela included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

In 2022, countries that imported more from Venezuela than Estonia included China ($703M), Turkey ($597M), and Spain ($518M).

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

Comparative Advantage Estonia - Venezuela

Flow
Scale

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

During 2022, Estonia had a large net trade with Venezuela in the exports of Chemical Products ($486k), Animal and Vegetable Bi-Products ($366k), and Foodstuffs ($99.5k).

During 2017, Venezuela had a large net trade with Estonia in the exports of Foodstuffs ($3.25M), Animal Products ($208k), and Miscellaneous ($6.79k).

Economic Complexity

Competitive Landscape

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

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

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