Iran (IRN) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

About

Iran-Venezuela In 2021, Iran exported $22.5M to Venezuela. The main products that Iran exported to Venezuela are N/A. During the last 26 years the exports of Iran to Venezuela have increased at an annualized rate of 9.77%, from $1.99M in 1995 to $22.5M in 2021.

In 2021, Iran did not export any services to Venezuela.

Venezuela-Iran In 2021, Venezuela exported $17.1M to Iran. The main products that Venezuela exported to Iran were N/A. During the last 26 years the exports of Venezuela to Iran have increased at an annualized rate of 2.59%, from $8.81M in 1995 to $17.1M in 2021.

In 2021, Venezuela did not export any services to Iran.

Comparison In 2022, Iran ranked 58 in the Economic Complexity Index (ECI 0.071), and 86 in total exports ($15.9B). That same year, Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Iran exported $22.5M to Venezuela. There were not main exports from Iran to Venezuela in 2021. During the last 26 years the exports of Iran to Venezuela have increased at an annualized rate of 9.77%, from $1.99M in 1995 to $22.5M in 2021.

In 2021, Venezuela exported $17.1M to Iran. There were not main exports from Venezuela to Iran in 2021. During the last 24 years the exports of Venezuela to Iran have increased at an annualized rate of 2.59%, from $8.81M in 1997 to $17.1M in 2021.

Exports from Iran () to Venezuela () (2021)

Exports from Venezuela () to Iran () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Venezuela
Top DestinationChina$703M

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

In 2021, countries that imported more from Iran than Venezuela were China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2021, countries that imported more from Venezuela than Iran were United States ($438M), Spain ($518M), and Brazil ($361M).

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

Comparative Advantage Iran - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Iran had a large net trade with Venezuela in the exports of .

During 2021, Venezuela had a large net trade with Iran in the exports of .

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 Iran has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Iran.

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Venezuela () (2021)

Exports from Venezuela () to Iran () (2021)

Market Competitiveness

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

Comparative Advantage Iran - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Iran () and Venezuela () (2021)

Keep Exploring