Venezuela / South Korea

Venezuela-South Korea Trade: In 2022, Venezuela exported $12.4M to South Korea. The main products that Venezuela exported to South Korea were Scrap Copper ($4.06M), Non-fillet Frozen Fish ($2.53M), and Scrap Iron ($2.37M). Over the past 5 years the exports of Venezuela to South Korea have decreased at an annualized rate of 3.91%, from $15.2M in 2017 to $12.4M in 2022.

In 2022, Venezuela did not export any services to South Korea.

South Korea-Venezuela Trade: In 2022, South Korea exported $41.2M to Venezuela. The main products that South Korea exported to Venezuela were Coated Flat-Rolled Iron ($4.81M), Cleaning Products ($2.89M), and Centrifuges ($2.82M). Over the past 5 years the exports of South Korea to Venezuela have decreased at an annualized rate of 4.21%,  from $51.1M in 2017 to $41.2M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).