Venezuela / Denmark

Venezuela-Denmark Trade: In 2022, Venezuela exported $292k to Denmark. The main products that Venezuela exported to Denmark were Hard Liquor ($254k), Office Machine Parts ($34.3k), and Medical Instruments ($2.08k). Over the past 5 years the exports of Venezuela to Denmark have decreased at an annualized rate of 48.2%, from $7.85M in 2017 to $292k in 2022.

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

Denmark-Venezuela Trade: In 2022, Denmark exported $8.34M to Venezuela. The main products that Denmark exported to Venezuela were Waxes ($1.14M), Industrial Food Preperation Machinery ($1.06M), and Computers ($682k). Over the past 5 years the exports of Denmark to Venezuela have decreased at an annualized rate of 0.89%,  from $8.72M in 2017 to $8.34M in 2022.

In 2020, Denmark exported services to Venezuela worth $4.57M, with Transportation ($2.4M), Government services, n.i.e. ($1.48M), and Other business services ($343k) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).