NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $27.7MRnk 133 / 213
2023
Flag → Flag
Top Product $16.5MSoap
2023
Flag → Flag
Exports $20.4MRnk 21 / 122
2023
Flag → Flag
Top Product $15.1MDried Legumes
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Indonesia-Venezuela Trade: In 2023, Indonesia exported $27.7M to Venezuela. The main products that Indonesia exported to Venezuela were Soap ($16.5M), Cars ($3.53M), and Non-Retail Synthetic Staple Fibers Yarn ($2.24M). Over the past 5 years the exports of Indonesia to Venezuela have increased at an annualized rate of 46.1%, from $4.15M in 2018 to $27.7M in 2023.

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

Venezuela-Indonesia Trade: In 2023, Venezuela exported $20.4M to Indonesia. The main products that Venezuela exported to Indonesia were Dried Legumes ($15.1M), Cocoa Beans ($3.53M), and Raw Aluminium ($1.66M). Over the past 5 years the exports of Venezuela to Indonesia have increased at an annualized rate of 14.3%,  from $10.5M in 2018 to $20.4M in 2023.

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

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $27.7M to Venezuela. The main products exported from Indonesia to Venezuela were Soap ($16.5M), Cars ($3.53M), and Non-Retail Synthetic Staple Fibers Yarn ($2.24M). During the last 5 years the exports of Indonesia to Venezuela have increased at an annualized rate of 46.1%, from $4.15M in 2018 to $27.7M in 2023.

In 2018, Venezuela exported $20.4M to Indonesia. The main products exported from Venezuela to Indonesia were Dried Legumes ($15.1M), Cocoa Beans ($3.53M), and Raw Aluminium ($1.66M). During the last 5 years the exports of Venezuela to Indonesia have increased at an annualized rate of 14.3%, from $10.5M in 2023 to $20.4M in 2018.

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

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

Latest Data

Trade between Indonesia (Flag) and Venezuela (Flag)

Indonesia Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Indonesia than Venezuela included China ($70.7B), United States ($27.9B), and India ($24B).

In 2023, countries that imported more from Venezuela than Indonesia included Guyana ($18.1M).

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

Comparative Advantage Indonesia - Venezuela

Flow
Scale

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

During 2023, Indonesia had a large net trade with Venezuela in the exports of Chemical Products ($17.1M), Textiles ($3.87M), and Transportation ($3.54M).

During 2018, Venezuela had a large net trade with Indonesia in the exports of Vegetable Products ($15.2M), Foodstuffs ($3.53M), and Metals ($1.66M).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms