Venezuela (VEN) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Venezuela-Bangladesh Trade: In 2015, Venezuela exported $6.95M to Bangladesh. The main products that Venezuela exported to Bangladesh were N/A. Over the past 6 years the exports of Venezuela to Bangladesh have increased at an annualized rate of 86.7%, from $164k in 2009 to $6.95M in 2015.

In 2015, Venezuela did not export any services to Bangladesh.

Bangladesh-Venezuela Trade: In 2015, Bangladesh exported $827k to Venezuela. The main products that Bangladesh exported to Venezuela were N/A. Over the past 6 years the exports of Bangladesh to Venezuela have decreased at an annualized rate of 21.1%, from $2.7M in 2009 to $827k in 2015.

In 2015, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2015, Venezuela exported $6.95M to Bangladesh. There were not main exports from Venezuela to Bangladesh in 2015. During the last 6 years the exports of Venezuela to Bangladesh have increased at an annualized rate of 86.7%, from $164k in 2009 to $6.95M in 2015.

In 2010, Bangladesh exported $827k to Venezuela. There were not main exports from Bangladesh to Venezuela in 2010. During the last 5 years the exports of Bangladesh to Venezuela have decreased at an annualized rate of 21.1%, from $2.7M in 2015 to $827k in 2010.

Exports from Venezuela () to Bangladesh () (2015)

Exports from Bangladesh () to Venezuela () (2015)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Venezuela than Bangladesh included Brazil ($361M), Lebanon ($150M), and Montenegro ($75.9M).

In 2022, countries that imported more from Bangladesh than Venezuela included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

Comparative Advantage Venezuela - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2015, Venezuela had a large net trade with Bangladesh in the exports of .

During 2010, Bangladesh had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Bangladesh () (2015)

Exports from Bangladesh () to Venezuela () (2015)

Market Competitiveness

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

Comparative Advantage Venezuela - Bangladesh

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Bangladesh () (2015)

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