Georgia (GEO) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Georgia-Venezuela Trade: In 2022, Georgia exported $768k to Venezuela. The main products that Georgia exported to Venezuela were N/A. Over the past 10 years the exports of Georgia to Venezuela have increased at an annualized rate of 13.5%, from $216k in 2012 to $768k in 2022.

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

Venezuela-Georgia Trade: In 2022, Venezuela exported $5.27M to Georgia. The main products that Venezuela exported to Georgia were N/A. Over the past 10 years the exports of Venezuela to Georgia have decreased at an annualized rate of 8.89%, from $8.39M in 2012 to $5.27M in 2022.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $768k to Venezuela. There were not main exports from Georgia to Venezuela in 2022. During the last 10 years the exports of Georgia to Venezuela have increased at an annualized rate of 13.5%, from $216k in 2012 to $768k in 2022.

In 2008, Venezuela exported $5.27M to Georgia. There were not main exports from Venezuela to Georgia in 2008. During the last 5 years the exports of Venezuela to Georgia have decreased at an annualized rate of 8.89%, from $8.39M in 2013 to $5.27M in 2008.

Exports from Georgia () to Venezuela () (2022)

Exports from Venezuela () to Georgia () (2022)

Latest Data

Trade between Georgia () and Venezuela ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Georgia than Venezuela included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

In 2023, countries that imported more from Venezuela than Georgia included United States ($3.81B), Spain ($670M), and Brazil ($468M).

Difference in imports from Venezuela () and Georgia () (2023)

Comparative Advantage Georgia - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Venezuela in the exports of .

During 2008, Venezuela had a large net trade with Georgia in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Georgia () to Venezuela () (2022)

Exports from Venezuela () to Georgia () (2022)

Latest Data

Trade between Georgia () and Venezuela ()

Georgia Exports

Market Competitiveness

Difference in imports from Venezuela () and Georgia () (2023)

Comparative Advantage Georgia - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Georgia () and Venezuela () (2022)

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