Venezuela (VEN) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

About

In N/A, Venezuela did not export any services to Iraq.

Iraq-Venezuela Trade: In N/A, Iraq exported $730k to Venezuela. The main products that Iraq exported to Venezuela were N/A. Over the past N/A years the exports of Iraq to Venezuela have decreased at an annualized rate of 21.5%, from $2.45M in N/A to $730k in N/A.

In N/A, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Venezuela does not register exports to Iraq.

In 2008, Iraq exported $730k to Venezuela. There were not main exports from Iraq to Venezuela in 2008. During the last 5 years the exports of Iraq to Venezuela have decreased at an annualized rate of 21.5%, from $2.45M in 2013 to $730k in 2008.

Exports from Venezuela () to Iraq () (2013)

Exports from Iraq () to Venezuela () (2013)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Venezuela than Iraq included Brazil ($361M), Lebanon ($150M), and Poland ($101M).

In 2022, countries that imported more from Iraq than Venezuela included India ($38.8B), China ($34B), and United States ($10.3B).

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

Comparative Advantage Venezuela - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2008, Iraq had a large net trade with Venezuela in the exports of .

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Iraq () (2013)

Exports from Iraq () to Venezuela () (2013)

Market Competitiveness

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

Comparative Advantage Venezuela - Iraq

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Iraq () (2013)

Keep Exploring