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Chinese Taipei-Venezuela Trade: In 2023, Chinese Taipei exported $14.9M to Venezuela. The main products that Chinese Taipei exported to Venezuela were Air Pumps ($2.28M), Synthetic Fabrics ($1.05M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.04M). Over the past 5 years the exports of Chinese Taipei to Venezuela have increased at an annualized rate of 16.4%, from $6.97M in 2018 to $14.9M in 2023.

In 2023, Chinese Taipei did not export any services to Venezuela.

Venezuela-Chinese Taipei Trade: In 2023, Venezuela exported $11.4M to Chinese Taipei. The main products that Venezuela exported to Chinese Taipei were Raw Aluminium ($5.78M), Scrap Aluminium ($3.16M), and Dried Legumes ($1.44M). Over the past 5 years the exports of Venezuela to Chinese Taipei have increased at an annualized rate of 3.69%,  from $9.54M in 2018 to $11.4M in 2023.

In 2023, Venezuela did not export any services to Chinese Taipei.

Comparison: In 2023,  Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B). 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, Chinese Taipei exported $14.9M to Venezuela. The main products exported from Chinese Taipei to Venezuela were Air Pumps ($2.28M), Synthetic Fabrics ($1.05M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.04M). During the last 5 years the exports of Chinese Taipei to Venezuela have increased at an annualized rate of 16.4%, from $6.97M in 2018 to $14.9M in 2023.

In 2018, Venezuela exported $11.4M to Chinese Taipei. The main products exported from Venezuela to Chinese Taipei were Raw Aluminium ($5.78M), Scrap Aluminium ($3.16M), and Dried Legumes ($1.44M). During the last 5 years the exports of Venezuela to Chinese Taipei have increased at an annualized rate of 3.69%, from $9.54M in 2023 to $11.4M in 2018.

Exports from Chinese Taipei (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Chinese Taipei (Flag) (2023)

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
Venezuela
Top Destination
United States$3.81B

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

In 2023, countries that imported more from Chinese Taipei than Venezuela included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

In 2023, countries that imported more from Venezuela than Chinese Taipei included Lebanon ($106M) and Guyana ($18.1M).

Difference in imports from Venezuela (Flag) and Chinese Taipei (Flag) (2023)

Comparative Advantage Chinese Taipei - Venezuela

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Venezuela in the exports of Machines ($5.71M), Plastics and Rubbers ($3.33M), and Transportation ($1.59M).

During 2018, Venezuela had a large net trade with Chinese Taipei in the exports of Metals ($9.67M), Vegetable Products ($1.44M), and Animal Products ($144k).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Venezuela (Flag) (2023)

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