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2022
Flag → Flag
Exports $40.1MRnk 146 / 219
2022
Flag → Flag
Top Product $8.24MPerfumes
2022
Flag → Flag
Exports $77.9MRnk 13 / 126
2022
Flag → Flag
Top Product $56.8MCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.3Rnk 16 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$2.78TCURRENT US$
Rnk 7 / 186
2012-2022
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GDP GROWTH3.7%CURRENT US$
Rnk 157 / 186
2022
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GDP PC $40,964CURRENT US$
Rnk 26 / 186
2012-2022
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GDP PC GROWTH0.23%CURRENT US$
Rnk 137 / 186

About

France-Venezuela Trade: In 2022, France exported $40.1M to Venezuela. The main products that France exported to Venezuela were Perfumes ($8.24M), Refined Petroleum ($3.44M), and Malt ($2.76M). Over the past 5 years the exports of France to Venezuela have decreased at an annualized rate of 8.64%, from $62.9M in 2017 to $40.1M in 2022.

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 2022, Venezuela exported $77.9M to France. The main products that Venezuela exported to France were Crustaceans ($56.8M), Hard Liquor ($11.8M), and Non-fillet Fresh Fish ($4.72M). Over the past 5 years the exports of Venezuela to France have decreased at an annualized rate of 1.15%,  from $82.6M in 2017 to $77.9M in 2022.

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

Comparison: In 2022,  France ranked 16 in the Economic Complexity Index (ECI 1.3), and 8 in total exports ($608B). 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, France exported $40.1M to Venezuela. The main products exported from France to Venezuela were Perfumes ($8.24M), Refined Petroleum ($3.44M), and Malt ($2.76M). During the last 5 years the exports of France to Venezuela have decreased at an annualized rate of 8.64%, from $62.9M in 2017 to $40.1M in 2022.

In 2017, Venezuela exported $77.9M to France. The main products exported from Venezuela to France were Crustaceans ($56.8M), Hard Liquor ($11.8M), and Non-fillet Fresh Fish ($4.72M). During the last 5 years the exports of Venezuela to France have decreased at an annualized rate of 1.15%, from $82.6M in 2022 to $77.9M in 2017.

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

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

Latest Data

Trade between France (Flag) and Venezuela (Flag)

France Exports

Market Competitiveness

Color
France
Top DestinationGermany$78.3B
Venezuela
Top DestinationChina$703M

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 2022, countries that imported more from France than Venezuela included Germany ($78.3B), Italy ($56.4B), and United States ($50B).

In 2022, countries that imported more from Venezuela than France included Guyana ($28.9M) and Montenegro ($75.9M).

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

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 2022, France had a large net trade with Venezuela in the exports of Chemical Products ($17.2M), Machines ($5.45M), and Vegetable Products ($3.86M).

During 2017, Venezuela had a large net trade with France in the exports of Animal Products ($62.3M), Foodstuffs ($13.6M), and Vegetable Products ($894k).

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) (2022)

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