2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Venezuela-Hong Kong Trade: In 2023, Venezuela exported $8.12M to Hong Kong. The main products that Venezuela exported to Hong Kong were Other Prepared Meat ($2.36M), Tin Ores ($2.07M), and Dried/Salted/Smoked/Brined Fish ($1.66M). Over the past 5 years the exports of Venezuela to Hong Kong have decreased at an annualized rate of 14.6%, from $17.9M in 2018 to $8.12M in 2023.

In 2023, Venezuela did not export any services to Hong Kong.

Hong Kong-Venezuela Trade: In 2023, Hong Kong exported $7.17M to Venezuela. The main products that Hong Kong exported to Venezuela were Calculators ($1.76M), Thermostats ($648k), and Other Plastic Products ($455k). Over the past 5 years the exports of Hong Kong to Venezuela have decreased at an annualized rate of 18.6%,  from $20.1M in 2018 to $7.17M in 2023.

In 2023, Hong Kong did not export any services to Venezuela.

Comparison: In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Venezuela exported $8.12M to Hong Kong. The main products exported from Venezuela to Hong Kong were Other Prepared Meat ($2.36M), Tin Ores ($2.07M), and Dried/Salted/Smoked/Brined Fish ($1.66M). During the last 5 years the exports of Venezuela to Hong Kong have decreased at an annualized rate of 14.6%, from $17.9M in 2018 to $8.12M in 2023.

In 2018, Hong Kong exported $7.17M to Venezuela. The main products exported from Hong Kong to Venezuela were Calculators ($1.76M), Thermostats ($648k), and Other Plastic Products ($455k). During the last 5 years the exports of Hong Kong to Venezuela have decreased at an annualized rate of 18.6%, from $20.1M in 2023 to $7.17M in 2018.

Exports from Venezuela (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Venezuela (Flag) (2023)

Latest Data

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

Hong Kong Exports

Market Competitiveness

Color
Venezuela
Top Destination
United States$3.81B
Hong Kong
Top Destination
China$25.3B

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 2023, countries that imported more from Venezuela than Hong Kong included United States ($3.81B), Spain ($670M), and Lebanon ($106M).

In 2023, countries that imported more from Hong Kong than Venezuela included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Venezuela (Flag) (2023)

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 2023, Venezuela had a large net trade with Hong Kong in the exports of Animal Products ($3.15M), Foodstuffs ($2.39M), and Mineral Products ($2.07M).

During 2018, Hong Kong had a large net trade with Venezuela in the exports of Machines ($4.27M), Instruments ($1.32M), and Plastics and Rubbers ($541k).

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) (2023)

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