2022
Flag  
GDP
$522BCURRENT US$
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2012-2022
Flag
GDP GROWTH
99%CURRENT US$
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2022
Flag
GDP PC 
$54,660CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
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About

Israel-Venezuela Trade: In 2022, Israel exported $969k to Venezuela. The main products that Israel exported to Venezuela were Mixed Mineral or Chemical Fertilizers ($207k), Animal Food ($123k), and Plastic Floor Coverings ($102k). Over the past 5 years the exports of Israel to Venezuela have decreased at an annualized rate of 22.1%, from $3.39M in 2017 to $969k in 2022.

In 2007, Israel exported services to Venezuela worth $1.55M, with Computer and information services ($1.55M) being the largest in terms of value.

Venezuela-Israel Trade: In 2022, Venezuela exported $2.52M to Israel. The main products that Venezuela exported to Israel were Wood Charcoal ($1.06M), Sawn Wood ($806k), and Other Oily Seeds ($416k). Over the past 5 years the exports of Venezuela to Israel have decreased at an annualized rate of 19.8%,  from $7.58M in 2017 to $2.52M in 2022.

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

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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
Value

In 2022, Israel exported $969k to Venezuela. The main products exported from Israel to Venezuela were Mixed Mineral or Chemical Fertilizers ($207k), Animal Food ($123k), and Plastic Floor Coverings ($102k). During the last 5 years the exports of Israel to Venezuela have decreased at an annualized rate of 22.1%, from $3.39M in 2017 to $969k in 2022.

In 2017, Venezuela exported $2.52M to Israel. The main products exported from Venezuela to Israel were Wood Charcoal ($1.06M), Sawn Wood ($806k), and Other Oily Seeds ($416k). During the last 5 years the exports of Venezuela to Israel have decreased at an annualized rate of 19.8%, from $7.58M in 2022 to $2.52M in 2017.

Exports from Israel (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Israel (Flag) (2022)

Latest Data

Trade between Israel (Flag) and Venezuela (Flag)

Israel Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Venezuela
Top Destination
China$703M

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

In 2022, countries that imported more from Israel than Venezuela included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

In 2022, countries that imported more from Venezuela than Israel included Lebanon ($150M), Montenegro ($75.9M), and Dominican Republic ($76.7M).

Difference in imports from Venezuela (Flag) and Israel (Flag) (2022)

Comparative Advantage Israel - Venezuela

Flow
Scale

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

During 2022, Israel had a large net trade with Venezuela in the exports of Plastics and Rubbers ($330k), Chemical Products ($300k), and Foodstuffs ($123k).

During 2017, Venezuela had a large net trade with Israel in the exports of Wood Products ($2.06M), Vegetable Products ($416k), and Miscellaneous ($25k).

Economic Complexity

Competitive Landscape

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

Product Space of Israel (Flag) and Venezuela (Flag) (2022)

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