Micronesia (FSM) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Micronesia-Venezuela Trade: In 2013, Micronesia exported $75k to Venezuela. The main products that Micronesia exported to Venezuela were N/A. Over the past 5 years the exports of Micronesia to Venezuela have increased at an annualized rate of 12%, from $42.7k in 2008 to $75k in 2013.

In 2013, Micronesia did not export any services to Venezuela.

Venezuela-Micronesia In false, Venezuela did not export any products to Micronesia.

In 2013, Venezuela did not export any services to Micronesia.

Comparison In 2022, Micronesia ranked 191 in total exports ($183M), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2013, Micronesia exported $75k to Venezuela. There were not main exports from Micronesia to Venezuela in 2013. During the last 5 years the exports of Micronesia to Venezuela have increased at an annualized rate of 12%, from $42.7k in 2008 to $75k in 2013.

Venezuela does not register exports to Micronesia.

Exports from Micronesia () to Venezuela () (2013)

Exports from Venezuela () to Micronesia () (2013)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Micronesia
Top DestinationThailand$143M

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Micronesia than Venezuela included Thailand ($143M), Philippines ($22.7M), and Fiji ($1.5M).

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

Difference in imports from Venezuela () and Micronesia () (2022)

Comparative Advantage Micronesia - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2013, Micronesia had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Micronesia () to Venezuela () (2013)

Exports from Venezuela () to Micronesia () (2013)

Market Competitiveness

Difference in imports from Venezuela () and Micronesia () (2022)

Comparative Advantage Micronesia - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Micronesia () and Venezuela () (2013)

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