Pakistan (PAK) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Pakistan-Venezuela Trade: In 2022, Pakistan exported $2.89M to Venezuela. The main products that Pakistan exported to Venezuela were Light Synthetic Cotton Fabrics ($671k), House Linens ($406k), and Confectionery Sugar ($331k). Over the past 5 years the exports of Pakistan to Venezuela have increased at an annualized rate of 6.73%, from $2.09M in 2017 to $2.89M in 2022.

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

Venezuela-Pakistan Trade: In 2022, Venezuela exported $85.4k to Pakistan. The main products that Venezuela exported to Pakistan were N/A. Over the past 5 years the exports of Venezuela to Pakistan have increased at an annualized rate of 17.3%, from $23.8k in 2017 to $85.4k in 2022.

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

Comparison: In 2022, Pakistan ranked 84 in the Economic Complexity Index (ECI -0.45), and 66 in total exports ($38.6B). 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 2022, Pakistan exported $2.89M to Venezuela. The main products exported from Pakistan to Venezuela were Light Synthetic Cotton Fabrics ($671k), House Linens ($406k), and Confectionery Sugar ($331k). During the last 5 years the exports of Pakistan to Venezuela have increased at an annualized rate of 6.73%, from $2.09M in 2017 to $2.89M in 2022.

In 2016, Venezuela exported $85.4k to Pakistan. There were not main exports from Venezuela to Pakistan in 2016. During the last 5 years the exports of Venezuela to Pakistan have increased at an annualized rate of 17.3%, from $23.8k in 2021 to $85.4k in 2016.

Exports from Pakistan () to Venezuela () (2022)

Exports from Venezuela () to Pakistan () (2022)

Latest Data

Trade between Pakistan () and Venezuela ()

Pakistan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Pakistan
Top DestinationUnited States$6.47B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Pakistan than Venezuela included United States ($6.47B), Germany ($2.8B), and United Arab Emirates ($2.58B).

In 2022, countries that imported more from Venezuela than Pakistan included Brazil ($361M), India ($228M), and Turkey ($597M).

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

Comparative Advantage Pakistan - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Pakistan had a large net trade with Venezuela in the exports of Textiles ($2.11M), Foodstuffs ($331k), and Machines ($271k).

During 2016, Venezuela had a large net trade with Pakistan in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Pakistan () to Venezuela () (2022)

Exports from Venezuela () to Pakistan () (2022)

Latest Data

Trade between Pakistan () and Venezuela ()

Pakistan Exports

Market Competitiveness

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

Comparative Advantage Pakistan - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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