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2023
Flag → Flag
Exports $28.5MRnk 86 / 158
2023
Flag → Flag
Top Product $5.02MRefined Petroleum
2023
Flag → Flag
Exports $68Rnk 122 / 122
2023
Flag → Flag
Top Product $68Brochures
2023
Flag
Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
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GDP PC $13,790CURRENT US$
Rnk 75 / 195
2013-2023
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GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Mexico-Venezuela Trade: In 2023, Mexico exported $28.5M to Venezuela. The main products that Mexico exported to Venezuela were Refined Petroleum ($5.02M), Packaged Medicaments ($4.67M), and Cleaning Products ($3.02M). Over the past 5 years the exports of Mexico to Venezuela have decreased at an annualized rate of 49.3%, from $849M in 2018 to $28.5M in 2023.

In 2023, Mexico did not export any services to Venezuela.

Venezuela-Mexico Trade: In 2023, Venezuela exported $68 to Mexico. The main products that Venezuela exported to Mexico were Brochures ($68). Over the past 5 years the exports of Venezuela to Mexico have decreased at an annualized rate of 90.3%,  from $7.89M in 2018 to $68 in 2023.

In 2023, Venezuela did not export any services to Mexico.

Comparison: In 2023,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mexico exported $28.5M to Venezuela. The main products exported from Mexico to Venezuela were Refined Petroleum ($5.02M), Packaged Medicaments ($4.67M), and Cleaning Products ($3.02M). During the last 5 years the exports of Mexico to Venezuela have decreased at an annualized rate of 49.3%, from $849M in 2018 to $28.5M in 2023.

In 2018, Venezuela exported $68 to Mexico. The main products exported from Venezuela to Mexico were Brochures ($68). During the last 5 years the exports of Venezuela to Mexico have decreased at an annualized rate of 90.3%, from $7.89M in 2023 to $68 in 2018.

Exports from Mexico (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Mexico (Flag) (2023)

Latest Data

Trade between Mexico (Flag) and Venezuela (Flag)

Mexico Exports

Market Competitiveness

Color
Mexico
Top DestinationUnited States$456B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Mexico than Venezuela included United States ($456B), Canada ($33B), and China ($15B).

In 2023, countries that imported more from Venezuela than Mexico included Lebanon ($106M) and Dominica ($10.5M).

Difference in imports from Venezuela (Flag) and Mexico (Flag) (2023)

Comparative Advantage Mexico - Venezuela

Flow
Scale

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

During 2023, Mexico had a large net trade with Venezuela in the exports of Chemical Products ($10.8M), Mineral Products ($5.02M), and Foodstuffs ($3.99M).

During 2018, Venezuela had a large net trade with Mexico in the exports of Paper Goods ($68).

Economic Complexity

Competitive Landscape

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

Product Space of Mexico (Flag) and Venezuela (Flag) (2023)

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