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2022
Flag → Flag
Exports $4.38kRnk 113 / 126
2022
Flag → Flag
Top Product $2.93kHard Liquor
2022
Flag → Flag
Exports $450Rnk 63 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI -0.17Rnk 73 / 133
2022
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 GDP$221BCURRENT US$
Rnk 53 / 186
2012-2022
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GDP GROWTH6.07%CURRENT US$
Rnk 150 / 186
2022
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GDP PC$11,244CURRENT US$
Rnk 73 / 186
2012-2022
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GDP PC GROWTH-9.23%CURRENT US$
Rnk 161 / 186

About

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
Value

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 (Flag) to Kazakhstan (Flag) (2022)

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

Latest Data

Trade between Venezuela (Flag) and Kazakhstan (Flag)

Kazakhstan Exports

Market Competitiveness

Color
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 (Flag) and Venezuela (Flag) (2022)

Comparative Advantage Venezuela - Kazakhstan

Flow
Scale

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 .

Economic Complexity

Competitive Landscape

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.

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

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