Venezuela (VEN) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Venezuela-Greece Trade: In 2022, Venezuela exported $2.39M to Greece. The main products that Venezuela exported to Greece were Hard Liquor ($1.21M), Scrap Aluminium ($871k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($180k). Over the past 5 years the exports of Venezuela to Greece have decreased at an annualized rate of 11.8%, from $4.46M in 2017 to $2.39M in 2022.

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

Greece-Venezuela Trade: In 2022, Greece exported $2.18M to Venezuela. The main products that Greece exported to Venezuela were Building Stone ($371k), Packaged Medicaments ($301k), and Beauty Products ($260k). Over the past 5 years the exports of Greece to Venezuela have decreased at an annualized rate of 2.09%, from $2.69M in 2017 to $2.18M in 2022.

In 2020, Greece exported services to Venezuela worth $129M, with Transportation ($129M) 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $2.39M to Greece. The main products exported from Venezuela to Greece were Hard Liquor ($1.21M), Scrap Aluminium ($871k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($180k). During the last 5 years the exports of Venezuela to Greece have decreased at an annualized rate of 11.8%, from $4.46M in 2017 to $2.39M in 2022.

In 2017, Greece exported $2.18M to Venezuela. The main products exported from Greece to Venezuela were Building Stone ($371k), Packaged Medicaments ($301k), and Beauty Products ($260k). During the last 5 years the exports of Greece to Venezuela have decreased at an annualized rate of 2.09%, from $2.69M in 2022 to $2.18M in 2017.

Exports from Venezuela () to Greece () (2022)

Exports from Greece () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Greece ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Venezuela than Greece included Brazil ($361M), China ($703M), and Colombia ($99.8M).

In 2022, countries that imported more from Greece than Venezuela included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

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

Comparative Advantage Venezuela - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Greece in the exports of Foodstuffs ($1.21M), Metals ($871k), and Chemical Products ($180k).

During 2017, Greece had a large net trade with Venezuela in the exports of Chemical Products ($905k), Stone And Glass ($371k), and Machines ($339k).

Bilateral Service Trade

Grc Year

In 2020, Greece exported services to Venezuela worth $129M, with Transportation ($129M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Greece () (2022)

Exports from Greece () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Greece ()

Greece Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Greece

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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