Venezuela (VEN) and Kazakhstan (KAZ) Trade | The Observatory of Economic Complexity

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Venezuela-Kazakhstan Trade: In 2022, Venezuela exported $4.38k to Kazakhstan. The main products that Venezuela exported to Kazakhstan were Hard Liquor ($2.93k), Iron Fasteners ($678), and Copper Fasteners ($496). Over the past 6 years the exports of Venezuela to Kazakhstan have increased at an annualized rate of 2.82%, from $3.71k in 2016 to $4.38k in 2022.

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

Kazakhstan-Venezuela Trade: In 2022, Kazakhstan exported $450 to Venezuela. The main products that Kazakhstan exported to Venezuela were N/A. Over the past 6 years the exports of Kazakhstan to Venezuela have decreased at an annualized rate of 49.4%, from $13.6k in 2016 to $450 in 2022.

In 2022, Kazakhstan 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, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $4.38k to Kazakhstan. The main products exported from Venezuela to Kazakhstan were Hard Liquor ($2.93k), Iron Fasteners ($678), and Copper Fasteners ($496). During the last 6 years the exports of Venezuela to Kazakhstan have increased at an annualized rate of 2.82%, from $3.71k in 2016 to $4.38k in 2022.

In 2013, Kazakhstan exported $450 to Venezuela. There were not main exports from Kazakhstan to Venezuela in 2013. During the last 5 years the exports of Kazakhstan to Venezuela have decreased at an annualized rate of 49.4%, from $13.6k in 2018 to $450 in 2013.

Exports from Venezuela () to Kazakhstan () (2022)

Exports from Kazakhstan () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Kazakhstan ()

Kazakhstan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Kazakhstan
Top DestinationChina$13.4B

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

In 2022, countries that imported more from Venezuela than Kazakhstan included Brazil ($361M), Lebanon ($150M), and Colombia ($99.8M).

In 2022, countries that imported more from Kazakhstan than Venezuela included China ($13.4B), Italy ($12.4B), and Russia ($8.78B).

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

Comparative Advantage Venezuela - Kazakhstan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Kazakhstan in the exports of Foodstuffs ($2.93k), Metals ($1.17k), and Plastics and Rubbers ($271).

During 2013, Kazakhstan had a large net trade with Venezuela in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Kazakhstan () (2022)

Exports from Kazakhstan () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Kazakhstan ()

Kazakhstan Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Kazakhstan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Kazakhstan () (2022)

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