Venezuela (VEN) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Venezuela-Austria Trade: In 2022, Venezuela exported $5.49M to Austria. The main products that Venezuela exported to Austria were N/A. Over the past 5 years the exports of Venezuela to Austria have increased at an annualized rate of 22.6%, from $1.98M in 2017 to $5.49M in 2022.

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

Austria-Venezuela Trade: In 2022, Austria exported $6.82M to Venezuela. The main products that Austria exported to Venezuela were Metal Mountings ($813k), Refractory Cements ($805k), and Industrial Food Preperation Machinery ($536k). Over the past 5 years the exports of Austria to Venezuela have decreased at an annualized rate of 2.55%, from $9.79M in 2017 to $6.82M in 2022.

In 2020, Austria exported services to Venezuela worth $1.14M, with Government services, n.i.e. ($1.14M) being the largest in terms of value.

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $5.49M to Austria. There were not main exports from Venezuela to Austria in 2022. During the last 5 years the exports of Venezuela to Austria have increased at an annualized rate of 22.6%, from $1.98M in 2017 to $5.49M in 2022.

In 2017, Austria exported $6.82M to Venezuela. The main products exported from Austria to Venezuela were Metal Mountings ($813k), Refractory Cements ($805k), and Industrial Food Preperation Machinery ($536k). During the last 5 years the exports of Austria to Venezuela have decreased at an annualized rate of 2.55%, from $9.79M in 2022 to $6.82M in 2017.

Exports from Venezuela () to Austria () (2022)

Exports from Austria () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Venezuela than Austria included Lebanon ($150M), Guatemala ($84.5M), and Guyana ($28.9M).

In 2022, countries that imported more from Austria than Venezuela included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Venezuela - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Austria in the exports of Metals ($3.48M), Foodstuffs ($1.95M), and Textiles ($45.9k).

During 2017, Austria had a large net trade with Venezuela in the exports of Machines ($1.65M), Plastics and Rubbers ($1.05M), and Chemical Products ($986k).

Potential Exports

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Bilateral Service Trade

Aut Year

In 2020, Austria exported services to Venezuela worth $1.14M, with Government services, n.i.e. ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Austria () (2022)

Exports from Austria () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Austria ()

Austria Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Austria () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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