Venezuela-India Trade: In 2023, Venezuela exported $202M to India. The main products that Venezuela exported to India were Petroleum Coke ($111M), Scrap Iron ($43.4M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($17.9M). Over the past 5 years the exports of Venezuela to India have decreased at an annualized rate of 51.4%, from $7.43B in 2018 to $202M in 2023.
In 2023, Venezuela did not export any services to India.
India-Venezuela Trade: In 2023, India exported $155M to Venezuela. The main products that India exported to Venezuela were Packaged Medicaments ($68.7M), Vaccines, blood, antisera, toxins and cultures ($21.3M), and Unglazed Ceramics ($10M). Over the past 5 years the exports of India to Venezuela have increased at an annualized rate of 16.3%, from $73.1M in 2018 to $155M in 2023.
In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).