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2022
Flag → Flag
Exports $23.5MRnk 23 / 126
2022
Flag → Flag
Top Product $7.49MScrap Copper
2022
Flag → Flag
Exports $12.3MRnk 134 / 198
2022
Flag → Flag
Top Product $6.74MCalculators
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Venezuela-Hong Kong Trade: In 2022, Venezuela exported $23.5M to Hong Kong. The main products that Venezuela exported to Hong Kong were Scrap Copper ($7.49M), Other Prepared Meat ($4.4M), and Scrap Aluminium ($4.2M). Over the past 5 years the exports of Venezuela to Hong Kong have decreased at an annualized rate of 2.55%, from $26.8M in 2017 to $23.5M in 2022.

In 2022, Venezuela did not export any services to Hong Kong.

Hong Kong-Venezuela Trade: In 2022, Hong Kong exported $12.3M to Venezuela. The main products that Hong Kong exported to Venezuela were Calculators ($6.74M), Ethylene Polymers ($928k), and Office Machine Parts ($620k). Over the past 5 years the exports of Hong Kong to Venezuela have decreased at an annualized rate of 12%,  from $23.4M in 2017 to $12.3M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $23.5M to Hong Kong. The main products exported from Venezuela to Hong Kong were Scrap Copper ($7.49M), Other Prepared Meat ($4.4M), and Scrap Aluminium ($4.2M). During the last 5 years the exports of Venezuela to Hong Kong have decreased at an annualized rate of 2.55%, from $26.8M in 2017 to $23.5M in 2022.

In 2017, Hong Kong exported $12.3M to Venezuela. The main products exported from Hong Kong to Venezuela were Calculators ($6.74M), Ethylene Polymers ($928k), and Office Machine Parts ($620k). During the last 5 years the exports of Hong Kong to Venezuela have decreased at an annualized rate of 12%, from $23.4M in 2022 to $12.3M in 2017.

Exports from Venezuela (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Venezuela (Flag) (2022)

Latest Data

Trade between Venezuela (Flag) and Hong Kong (Flag)

Hong Kong Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Venezuela than Hong Kong included Spain ($518M), Turkey ($597M), and Lebanon ($150M).

In 2022, countries that imported more from Hong Kong than Venezuela included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Venezuela (Flag) (2022)

Comparative Advantage Venezuela - Hong Kong

Flow
Scale

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

During 2022, Venezuela had a large net trade with Hong Kong in the exports of Metals ($11.8M), Foodstuffs ($4.45M), and Machines ($4.11M).

During 2017, Hong Kong had a large net trade with Venezuela in the exports of Machines ($9.86M), Plastics and Rubbers ($1.36M), and Instruments ($562k).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Hong Kong (Flag) (2022)

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