Venezuela / Germany

Venezuela-Germany Trade: In 2022, Venezuela exported $36.9M to Germany. The main products that Venezuela exported to Germany were Iron Reductions ($17.4M), Hard Liquor ($9.3M), and Coffee ($4.21M). Over the past 5 years the exports of Venezuela to Germany have decreased at an annualized rate of 32.2%, from $257M in 2017 to $36.9M in 2022.

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

Germany-Venezuela Trade: In 2022, Germany exported $87.4M to Venezuela. The main products that Germany exported to Venezuela were Integrated Circuits ($8.61M), Coated Flat-Rolled Iron ($6.63M), and Vaccines, blood, antisera, toxins and cultures ($5.77M). Over the past 5 years the exports of Germany to Venezuela have decreased at an annualized rate of 14.7%,  from $193M in 2017 to $87.4M in 2022.

In 2020, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).