Venezuela (VEN) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Venezuela-Iran Trade: In 2021, Venezuela exported $17.1M to Iran. The main products that Venezuela exported to Iran were N/A. Over the past 10 years the exports of Venezuela to Iran have increased at an annualized rate of 35.8%, from $800k in 2011 to $17.1M in 2021.

In 2021, Venezuela did not export any services to Iran.

Iran-Venezuela Trade: In 2021, Iran exported $22.5M to Venezuela. The main products that Iran exported to Venezuela were N/A. Over the past 10 years the exports of Iran to Venezuela have increased at an annualized rate of 111%, from $533k in 2011 to $22.5M in 2021.

In 2021, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Venezuela exported $17.1M to Iran. There were not main exports from Venezuela to Iran in 2021. During the last 10 years the exports of Venezuela to Iran have increased at an annualized rate of 35.8%, from $800k in 2011 to $17.1M in 2021.

In 2016, Iran exported $22.5M to Venezuela. There were not main exports from Iran to Venezuela in 2016. During the last 5 years the exports of Iran to Venezuela have increased at an annualized rate of 111%, from $533k in 2021 to $22.5M in 2016.

Exports from Venezuela () to Iran () (2021)

Exports from Iran () to Venezuela () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Venezuela than Iran included United States ($438M), Spain ($518M), and Brazil ($361M).

In 2022, countries that imported more from Iran than Venezuela included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

Difference in imports from Iran () and Venezuela () (2022)

Comparative Advantage Venezuela - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Venezuela had a large net trade with Iran in the exports of .

During 2016, Iran had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Iran () (2021)

Exports from Iran () to Venezuela () (2021)

Market Competitiveness

Difference in imports from Iran () and Venezuela () (2022)

Comparative Advantage Venezuela - Iran

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Iran () (2021)

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