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2023
Flag → Flag
Exports $7.99kRnk 107 / 122
2023
Flag → Flag
Top Product $7.25kHard Liquor
2023
Flag → Flag
Exports $450Rnk 10 / 0
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.18Rnk 71 / 132
2023
Flag
 GDP$263BCURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP GROWTH11%CURRENT US$
Rnk 153 / 195
2023
Flag
GDP PC$12,919CURRENT US$
Rnk 79 / 196
2013-2023
Flag
GDP PC GROWTH-4.15%CURRENT US$
Rnk 158 / 195

About

Venezuela-Kazakhstan Trade: In 2023, Venezuela exported $7.99k to Kazakhstan. The main products that Venezuela exported to Kazakhstan were Hard Liquor ($7.25k), Iron Fasteners ($524), and Other Rubber Products ($197). Over the past 6 years the exports of Venezuela to Kazakhstan have decreased at an annualized rate of 5.86%, from $11.5k in 2017 to $7.99k in 2023.

In 2023, Venezuela did not export any services to Kazakhstan.

Kazakhstan-Venezuela Trade: In 2023, 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 2017 to $450 in 2023.

In 2023, Kazakhstan did not export any services to Venezuela.

Comparison: In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Venezuela exported $7.99k to Kazakhstan. The main products exported from Venezuela to Kazakhstan were Hard Liquor ($7.25k), Iron Fasteners ($524), and Other Rubber Products ($197). During the last 6 years the exports of Venezuela to Kazakhstan have decreased at an annualized rate of 5.86%, from $11.5k in 2017 to $7.99k in 2023.

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) (2023)

Exports from Kazakhstan (Flag) to Venezuela (Flag) (2023)

Latest Data

Trade between Venezuela (Flag) and Kazakhstan (Flag)

Kazakhstan Exports

Market Competitiveness

Color
Venezuela
Top DestinationUnited States$3.81B
Kazakhstan
Top DestinationChina$15.2B

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 2023, countries that imported more from Venezuela than Kazakhstan included United States ($3.81B), Brazil ($468M), and Colombia ($131M).

In 2023, countries that imported more from Kazakhstan than Venezuela included China ($15.2B), United Kingdom ($14.3B), and Russia ($9.78B).

Difference in imports from Kazakhstan (Flag) and Venezuela (Flag) (2023)

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 2023, Venezuela had a large net trade with Kazakhstan in the exports of Foodstuffs ($7.25k), Metals ($544), and Plastics and Rubbers ($197).

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) (2023)

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