Israel (ISR) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Israel-Venezuela In 2022, Israel exported $969k to Venezuela. The main products that Israel exported to Venezuela are Mixed Mineral or Chemical Fertilizers ($207k), Animal Food ($123k), and Plastic Floor Coverings ($102k). During the last 27 years the exports of Israel to Venezuela have decreased at an annualized rate of 11.2%, from $24M in 1995 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 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). During the last 27 years the exports of Venezuela to Israel have decreased at an annualized rate of 0.97%, from $3.28M in 1995 to $2.52M in 2022.

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

Comparison In 2022, Israel ranked 19 in the Economic Complexity Index (ECI 1.17), and 49 in total exports ($76.9B). 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 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 27 years the exports of Israel to Venezuela have decreased at an annualized rate of 11.2%, from $24M in 1995 to $969k in 2022.

In 2022, 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 27 years the exports of Venezuela to Israel have decreased at an annualized rate of 0.97%, from $3.28M in 1995 to $2.52M in 2022.

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

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

Latest Data

Trade between Israel () and Venezuela ()

Israel Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Venezuela
Top DestinationChina$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 2021, countries that imported more from Israel than Venezuela were United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

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

Comparative Advantage Israel - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Venezuela had a large net trade with Israel in the exports of Wood Products ($2.06M), Vegetable Products ($416k), and Miscellaneous ($25k).

Service Trade

Bilateral Service Trade

Isr Year

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

Service trade data is presented based on availability.

Services Exports from Israel () to Venezuela () (2007)

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Israel () and Venezuela ()

Israel Exports

Market Competitiveness

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

Comparative Advantage Israel - Venezuela

Service Trade

Bilateral Service Trade

Services Exports from Israel () to Venezuela () (2007)

Economic Complexity

Competitive Landscape

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

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