Venezuela (VEN) and British Indian Ocean Territory (IOT) Trade

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Exports $6.37MRnk 69 / 0

2022

Economic Complexity (ECI) ECI -0.87Rnk 107 / 133

About

In N/A, Venezuela did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Venezuela In false, British Indian Ocean Territory did not export any products to Venezuela.

In N/A, British Indian Ocean Territory 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, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Historical Data

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

British Indian Ocean Territory
Top DestinationSingapore$4.42M

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

In 2022, countries that imported more from Venezuela than British Indian Ocean Territory included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from British Indian Ocean Territory than Venezuela included Singapore ($4.42M), Uzbekistan ($280k), and Pakistan ($7.83k).

Difference in imports from British Indian Ocean Territory () and Venezuela () (2022)

Economic Complexity

Competitive Landscape

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