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2022
Flag → Flag
Exports $15.6MRnk 27 / 126
2022
Flag → Flag
Top Product $14.8MDried Legumes
2022
Flag → Flag
Exports $65MRnk 124 / 219
2022
Flag → Flag
Top Product $34.8MCars
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI 0.24Rnk 53 / 133
2022
Flag
 GDP$508BCURRENT US$
Rnk 28 / 186
2012-2022
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GDP GROWTH32%CURRENT US$
Rnk 93 / 186
2022
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GDP PC$53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH21.1%CURRENT US$
Rnk 81 / 186

About

Venezuela-United Arab Emirates Trade: In 2022, Venezuela exported $15.6M to United Arab Emirates. The main products that Venezuela exported to United Arab Emirates were Dried Legumes ($14.8M), Wood Charcoal ($318k), and Hard Liquor ($289k). Over the past 5 years the exports of Venezuela to United Arab Emirates have decreased at an annualized rate of 56.7%, from $1.03B in 2017 to $15.6M in 2022.

In 2022, Venezuela did not export any services to United Arab Emirates.

United Arab Emirates-Venezuela Trade: In 2022, United Arab Emirates exported $65M to Venezuela. The main products that United Arab Emirates exported to Venezuela were Cars ($34.8M), Refined Petroleum ($14M), and Delivery Trucks ($5.42M). Over the past 5 years the exports of United Arab Emirates to Venezuela have increased at an annualized rate of 5.74%,  from $49.2M in 2017 to $65M in 2022.

In 2022, United Arab Emirates did not export any services to Venezuela.

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $15.6M to United Arab Emirates. The main products exported from Venezuela to United Arab Emirates were Dried Legumes ($14.8M), Wood Charcoal ($318k), and Hard Liquor ($289k). During the last 5 years the exports of Venezuela to United Arab Emirates have decreased at an annualized rate of 56.7%, from $1.03B in 2017 to $15.6M in 2022.

In 2017, United Arab Emirates exported $65M to Venezuela. The main products exported from United Arab Emirates to Venezuela were Cars ($34.8M), Refined Petroleum ($14M), and Delivery Trucks ($5.42M). During the last 5 years the exports of United Arab Emirates to Venezuela have increased at an annualized rate of 5.74%, from $49.2M in 2022 to $65M in 2017.

Exports from Venezuela (Flag) to United Arab Emirates (Flag) (2022)

Exports from United Arab Emirates (Flag) to Venezuela (Flag) (2022)

Latest Data

Trade between Venezuela (Flag) and United Arab Emirates (Flag)

United Arab Emirates Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
United Arab Emirates
Top DestinationIndia$51B

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

In 2022, countries that imported more from Venezuela than United Arab Emirates included Montenegro ($75.9M), Guatemala ($84.5M), and Dominican Republic ($76.7M).

In 2022, countries that imported more from United Arab Emirates than Venezuela included India ($51B), Japan ($40.9B), and China ($32.5B).

Difference in imports from United Arab Emirates (Flag) and Venezuela (Flag) (2022)

Comparative Advantage Venezuela - United Arab Emirates

Flow
Scale

This chart compares trade between Venezuela and United Arab Emirates by product, considering products traded by both, Venezuela and United Arab Emirates.

During 2022, Venezuela had a large net trade with United Arab Emirates in the exports of Vegetable Products ($14.8M), Wood Products ($460k), and Foodstuffs ($292k).

During 2017, United Arab Emirates had a large net trade with Venezuela in the exports of Transportation ($40.8M), Mineral Products ($14M), and Foodstuffs ($3.36M).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and United Arab Emirates (Flag) (2022)

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