Ireland (IRL) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Ireland-Venezuela In 2022, Ireland exported $376k to Venezuela. The main products that Ireland exported to Venezuela are Special Pharmaceuticals ($242k), Orthopedic Appliances ($47.6k), and Base Metal Watches ($37.5k). During the last 27 years the exports of Ireland to Venezuela have decreased at an annualized rate of 13.7%, from $20.2M in 1995 to $376k in 2022.

In 2018, Ireland exported services to Venezuela worth $1.18M, with Insurance services ($1.18M) being the largest in terms of value.

Venezuela-Ireland In 2022, Venezuela exported $715k to Ireland. The main products that Venezuela exported to Ireland were Office Machine Parts ($475k), Computers ($98.2k), and Broadcasting Equipment ($29.2k). During the last 27 years the exports of Venezuela to Ireland have decreased at an annualized rate of 5.66%, from $3.45M in 1995 to $715k in 2022.

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

Comparison In 2022, Ireland ranked 16 in the Economic Complexity Index (ECI 1.28), and 31 in total exports ($236B). That same year, Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B).

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Venezuela, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Venezuela were . In N/A the top imports of Ireland from Venezuela were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Venezuela was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Venezuela was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Venezuela and Ireland trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ireland exported $376k to Venezuela. The main products exported from Ireland to Venezuela were Special Pharmaceuticals ($242k), Orthopedic Appliances ($47.6k), and Base Metal Watches ($37.5k). During the last 27 years the exports of Ireland to Venezuela have decreased at an annualized rate of 13.7%, from $20.2M in 1995 to $376k in 2022.

In 2022, Venezuela exported $715k to Ireland. The main products exported from Venezuela to Ireland were Office Machine Parts ($475k), Computers ($98.2k), and Broadcasting Equipment ($29.2k). During the last 27 years the exports of Venezuela to Ireland have decreased at an annualized rate of 5.66%, from $3.45M in 1995 to $715k in 2022.

Exports from Ireland () to Venezuela () (2022)

Exports from Venezuela () to Ireland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$70.7B

Venezuela
Top DestinationChina$703M

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

In 2021, countries that imported more from Ireland than Venezuela were United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2021, countries that imported more from Venezuela than Ireland were Lebanon ($150M), Montenegro ($75.9M), and Dominican Republic ($76.7M).

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

Comparative Advantage Ireland - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ireland had a large net trade with Venezuela in the exports of Chemical Products ($283k), Instruments ($85.2k), and Machines ($7.4k).

During 2022, Venezuela had a large net trade with Ireland in the exports of Machines ($611k), Plastics and Rubbers ($28.2k), and Instruments ($26.9k).

Service Trade

Bilateral Service Trade

Irl Year

In 2018, Ireland exported services to Venezuela worth $1.18M, with Insurance services ($1.18M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland () to Venezuela () (2018)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Ireland has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Ireland.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Ireland () to Venezuela () (2022)

Exports from Venezuela () to Ireland () (2022)

Market Competitiveness

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

Comparative Advantage Ireland - Venezuela

Service Trade

Bilateral Service Trade

Services Exports from Ireland () to Venezuela () (2018)

Economic Complexity

Competitive Landscape

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

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