Hong Kong (HKG) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Hong Kong-Venezuela Trade: In 2022, Hong Kong exported $12.3M to Venezuela. The main products that Hong Kong exported to Venezuela were Calculators ($6.74M), Ethylene Polymers ($928k), and Office Machine Parts ($620k). Over the past 5 years the exports of Hong Kong to Venezuela have decreased at an annualized rate of 12%, from $23.4M in 2017 to $12.3M in 2022.

In 2022, Hong Kong did not export any services to Venezuela.

Venezuela-Hong Kong Trade: In 2022, Venezuela exported $23.5M to Hong Kong. The main products that Venezuela exported to Hong Kong were Scrap Copper ($7.49M), Other Prepared Meat ($4.4M), and Scrap Aluminium ($4.2M). Over the past 5 years the exports of Venezuela to Hong Kong have decreased at an annualized rate of 2.55%, from $26.8M in 2017 to $23.5M in 2022.

In 2022, Venezuela did not export any services to Hong Kong.

Comparison: In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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 2022, Hong Kong exported $12.3M to Venezuela. The main products exported from Hong Kong to Venezuela were Calculators ($6.74M), Ethylene Polymers ($928k), and Office Machine Parts ($620k). During the last 5 years the exports of Hong Kong to Venezuela have decreased at an annualized rate of 12%, from $23.4M in 2017 to $12.3M in 2022.

In 2017, Venezuela exported $23.5M to Hong Kong. The main products exported from Venezuela to Hong Kong were Scrap Copper ($7.49M), Other Prepared Meat ($4.4M), and Scrap Aluminium ($4.2M). During the last 5 years the exports of Venezuela to Hong Kong have decreased at an annualized rate of 2.55%, from $26.8M in 2022 to $23.5M in 2017.

Exports from Hong Kong () to Venezuela () (2022)

Exports from Venezuela () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Venezuela ()

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Hong Kong than Venezuela included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2022, countries that imported more from Venezuela than Hong Kong included Spain ($518M), Turkey ($597M), and Lebanon ($150M).

Difference in imports from Venezuela () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Venezuela in the exports of Machines ($9.86M), Plastics and Rubbers ($1.36M), and Instruments ($562k).

During 2017, Venezuela had a large net trade with Hong Kong in the exports of Metals ($11.8M), Foodstuffs ($4.45M), and Machines ($4.11M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Venezuela () (2022)

Exports from Venezuela () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Venezuela ()

Hong Kong Exports

Market Competitiveness

Difference in imports from Venezuela () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Venezuela () (2022)

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