Iraq (IRQ) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Iraq-Venezuela Trade: In 2013, Iraq exported $730k to Venezuela. The main products that Iraq exported to Venezuela were N/A. Over the past 5 years the exports of Iraq to Venezuela have decreased at an annualized rate of 21.5%, from $2.45M in 2008 to $730k in 2013.

In 2013, Iraq did not export any services to Venezuela.

Venezuela-Iraq Trade: In 2013, Venezuela exported $87.4k to Iraq. The main products that Venezuela exported to Iraq were N/A. Over the past 5 years the exports of Venezuela to Iraq have increased at an annualized rate of 61.3%, from $7.99k in 2008 to $87.4k in 2013.

In 2013, Venezuela did not export any services to Iraq.

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). 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 2013, Iraq exported $730k to Venezuela. There were not main exports from Iraq to Venezuela in 2013. During the last 5 years the exports of Iraq to Venezuela have decreased at an annualized rate of 21.5%, from $2.45M in 2008 to $730k in 2013.

In 2008, Venezuela exported $87.4k to Iraq. There were not main exports from Venezuela to Iraq in 2008. During the last 5 years the exports of Venezuela to Iraq have increased at an annualized rate of 61.3%, from $7.99k in 2013 to $87.4k in 2008.

Exports from Iraq () to Venezuela () (2013)

Exports from Venezuela () to Iraq () (2013)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Iraq than Venezuela included India ($38.8B), China ($34B), and United States ($10.3B).

In 2022, countries that imported more from Venezuela than Iraq included Brazil ($361M), Lebanon ($150M), and Poland ($101M).

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

Comparative Advantage Iraq - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2013, Iraq had a large net trade with Venezuela in the exports of .

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

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Venezuela () (2013)

Exports from Venezuela () to Iraq () (2013)

Market Competitiveness

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

Comparative Advantage Iraq - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Iraq () and Venezuela () (2013)

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