2023
Flag  
GDP
$809BCURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP GROWTH
56.2%CURRENT US$
Rnk 62 / 195
2023
Flag
GDP PC 
$22,057CURRENT US$
Rnk 59 / 195
2013-2023
Flag
GDP PC GROWTH
61.9%CURRENT US$
Rnk 28 / 195

About

Poland-Venezuela Trade: In 2023, Poland exported $6.53M to Venezuela. The main products that Poland exported to Venezuela were Other Edible Preparations ($1.41M), Starches ($841k), and Orthopedic Appliances ($593k). Over the past 5 years the exports of Poland to Venezuela have increased at an annualized rate of 22.7%, from $2.35M in 2018 to $6.53M in 2023.

In 2020, Poland exported services to Venezuela worth $228k, with Other business services ($228k) being the largest in terms of value.

Venezuela-Poland Trade: In 2023, Venezuela exported $32.5M to Poland. The main products that Venezuela exported to Poland were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($20.5M), Coal Briquettes ($11.1M), and Video Displays ($215k). Over the past 5 years the exports of Venezuela to Poland have increased at an annualized rate of 4.1%,  from $26.6M in 2018 to $32.5M in 2023.

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

Comparison: In 2023,  Poland ranked 24 in the Economic Complexity Index (ECI 1.09), and 23 in total exports ($339B). 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, Poland exported $6.53M to Venezuela. The main products exported from Poland to Venezuela were Other Edible Preparations ($1.41M), Starches ($841k), and Orthopedic Appliances ($593k). During the last 5 years the exports of Poland to Venezuela have increased at an annualized rate of 22.7%, from $2.35M in 2018 to $6.53M in 2023.

In 2018, Venezuela exported $32.5M to Poland. The main products exported from Venezuela to Poland were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($20.5M), Coal Briquettes ($11.1M), and Video Displays ($215k). During the last 5 years the exports of Venezuela to Poland have increased at an annualized rate of 4.1%, from $26.6M in 2023 to $32.5M in 2018.

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

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

Latest Data

Trade between Poland (Flag) and Venezuela (Flag)

Poland Exports

Market Competitiveness

Color
Poland
Top Destination
Germany$84B
Venezuela
Top Destination
United States$3.81B

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

In 2023, countries that imported more from Poland than Venezuela included Germany ($84B), United Kingdom ($19.4B), and Czechia ($19.3B).

In 2023, countries that imported more from Venezuela than Poland included Dominica ($10.5M), Guatemala ($50.2M), and Grenada ($214k).

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

Comparative Advantage Poland - Venezuela

Flow
Scale

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

During 2023, Poland had a large net trade with Venezuela in the exports of Foodstuffs ($1.7M), Instruments ($1M), and Chemical Products ($882k).

During 2018, Venezuela had a large net trade with Poland in the exports of Chemical Products ($20.5M), Mineral Products ($11.1M), and Foodstuffs ($299k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with