2023
Flag  
GDP
$3.05TCURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP GROWTH
8.37%CURRENT US$
Rnk 159 / 195
2023
Flag
GDP PC 
$44,691CURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP PC GROWTH
4.74%CURRENT US$
Rnk 146 / 195

About

France-Venezuela Trade: In 2023, France exported $34M to Venezuela. The main products that France exported to Venezuela were Refined Petroleum ($6.74M), Perfumes ($3.96M), and Rubberworking Machinery ($3.44M). Over the past 5 years the exports of France to Venezuela have increased at an annualized rate of 3.27%, from $28.9M in 2018 to $34M in 2023.

In 2020, France exported services to Venezuela worth $35.4M, with Transportation ($13.7M), Other business services ($11.4M), and Travel ($8M) being the largest in terms of value.

Venezuela-France Trade: In 2023, Venezuela exported $105M to France. The main products that Venezuela exported to France were Crustaceans ($93.9M), Non-fillet Fresh Fish ($4.96M), and Coffee ($2.39M). Over the past 5 years the exports of Venezuela to France have increased at an annualized rate of 6.83%,  from $75.5M in 2018 to $105M in 2023.

In 2023, Venezuela did not export any services to France.

Comparison: In 2023,  France ranked 16 in the Economic Complexity Index (ECI 1.34), and 7 in total exports ($635B). 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, France exported $34M to Venezuela. The main products exported from France to Venezuela were Refined Petroleum ($6.74M), Perfumes ($3.96M), and Rubberworking Machinery ($3.44M). During the last 5 years the exports of France to Venezuela have increased at an annualized rate of 3.27%, from $28.9M in 2018 to $34M in 2023.

In 2018, Venezuela exported $105M to France. The main products exported from Venezuela to France were Crustaceans ($93.9M), Non-fillet Fresh Fish ($4.96M), and Coffee ($2.39M). During the last 5 years the exports of Venezuela to France have increased at an annualized rate of 6.83%, from $75.5M in 2023 to $105M in 2018.

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

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

Latest Data

Trade between France (Flag) and Venezuela (Flag)

France Exports

Market Competitiveness

Color
France
Top Destination
Germany$72.8B
Venezuela
Top Destination
United States$3.81B

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

In 2023, countries that imported more from France than Venezuela included Germany ($72.8B), Italy ($56.3B), and Belgium ($49.2B).

In 2023, no countries were registered that imported more from Venezuela than from France.

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

Comparative Advantage France - Venezuela

Flow
Scale

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

During 2023, France had a large net trade with Venezuela in the exports of Chemical Products ($11.8M), Machines ($6.8M), and Mineral Products ($6.77M).

During 2018, Venezuela had a large net trade with France in the exports of Animal Products ($99M), Vegetable Products ($3.01M), and Foodstuffs ($2.64M).

Economic Complexity

Competitive Landscape

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

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

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