Venezuela (VEN) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Venezuela-Finland Trade: In 2022, Venezuela exported $103k to Finland. The main products that Venezuela exported to Finland were Hard Liquor ($58k), Aluminium Bars ($38k), and Other toys ($2.11k). Over the past 5 years the exports of Venezuela to Finland have increased at an annualized rate of 3.88%, from $85.5k in 2017 to $103k in 2022.

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

Finland-Venezuela Trade: In 2022, Finland exported $1.31M to Venezuela. The main products that Finland exported to Venezuela were Ethylene Polymers ($591k), Enzymes ($275k), and Kaolin Coated Paper ($179k). Over the past 5 years the exports of Finland to Venezuela have decreased at an annualized rate of 26.9%, from $6.27M in 2017 to $1.31M in 2022.

In 2020, Finland exported services to Venezuela worth $3.43M, with Computer and information services ($3.43M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $103k to Finland. The main products exported from Venezuela to Finland were Hard Liquor ($58k), Aluminium Bars ($38k), and Other toys ($2.11k). During the last 5 years the exports of Venezuela to Finland have increased at an annualized rate of 3.88%, from $85.5k in 2017 to $103k in 2022.

In 2017, Finland exported $1.31M to Venezuela. The main products exported from Finland to Venezuela were Ethylene Polymers ($591k), Enzymes ($275k), and Kaolin Coated Paper ($179k). During the last 5 years the exports of Finland to Venezuela have decreased at an annualized rate of 26.9%, from $6.27M in 2022 to $1.31M in 2017.

Exports from Venezuela () to Finland () (2022)

Exports from Finland () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Venezuela than Finland included Lebanon ($150M), Montenegro ($75.9M), and Dominican Republic ($76.7M).

In 2022, countries that imported more from Finland than Venezuela included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Venezuela - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Finland in the exports of Foodstuffs ($58k), Metals ($38k), and Miscellaneous ($2.11k).

During 2017, Finland had a large net trade with Venezuela in the exports of Plastics and Rubbers ($622k), Chemical Products ($275k), and Paper Goods ($264k).

Bilateral Service Trade

Fin Year

In 2020, Finland exported services to Venezuela worth $3.43M, with Computer and information services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland () 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 Finland. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Venezuela.

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Finland () (2022)

Exports from Finland () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Finland ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Finland

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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