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2022
Flag → Flag
Exports $2.46MRnk 36 / 126
2022
Flag → Flag
Top Product $5.88MCocoa Beans
2022
Flag → Flag
Exports $8.13MRnk 140 / 216
2022
Flag → Flag
Top Product $8.41MSoap
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
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GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Venezuela-Indonesia Trade: In 2022, Venezuela exported $2.46M to Indonesia. The main products that Venezuela exported to Indonesia were Cocoa Beans ($5.88M), Dried Legumes ($3.26M), and Equine and Bovine Hides ($552k). Over the past 5 years the exports of Venezuela to Indonesia have decreased at an annualized rate of 17.9%, from $6.61M in 2017 to $2.46M in 2022.

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

Indonesia-Venezuela Trade: In 2022, Indonesia exported $8.13M to Venezuela. The main products that Indonesia exported to Venezuela were Soap ($8.41M), Non-Retail Synthetic Staple Fibers Yarn ($5.13M), and Uncoated Paper ($432k). Over the past 5 years the exports of Indonesia to Venezuela have decreased at an annualized rate of 16.5%,  from $20M in 2017 to $8.13M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $2.46M to Indonesia. The main products exported from Venezuela to Indonesia were Cocoa Beans ($5.88M), Dried Legumes ($3.26M), and Equine and Bovine Hides ($552k). During the last 5 years the exports of Venezuela to Indonesia have decreased at an annualized rate of 17.9%, from $6.61M in 2017 to $2.46M in 2022.

In 2017, Indonesia exported $8.13M to Venezuela. The main products exported from Indonesia to Venezuela were Soap ($8.41M), Non-Retail Synthetic Staple Fibers Yarn ($5.13M), and Uncoated Paper ($432k). During the last 22 years the exports of Indonesia to Venezuela have decreased at an annualized rate of 16.5%, from $20M in 1995 to $8.13M in 2017.

Exports from Venezuela (Flag) to Indonesia (Flag) (2022)

Exports from Indonesia (Flag) to Venezuela (Flag) (2022)

Latest Data

Trade between Venezuela (Flag) and Indonesia (Flag)

Indonesia Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Indonesia
Top DestinationChina$67.7B

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

In 2022, countries that imported more from Venezuela than Indonesia included Montenegro ($75.9M), Lebanon ($150M), and Guyana ($28.9M).

In 2022, countries that imported more from Indonesia than Venezuela included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

Difference in imports from Indonesia (Flag) and Venezuela (Flag) (2022)

Comparative Advantage Venezuela - Indonesia

Flow
Scale

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

During 2022, Venezuela had a large net trade with Indonesia in the exports of Foodstuffs ($5.97M), Vegetable Products ($3.26M), and Animal Hides ($731k).

During 2017, Indonesia had a large net trade with Venezuela in the exports of Chemical Products ($8.58M), Textiles ($6.36M), and Machines ($974k).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Indonesia (Flag) (2022)

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