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Pricing

2022
Flag → Flag
Exports $3.36MRnk 44 / 126
2022
Flag → Flag
Top Product $3.3MWood Charcoal
2022
Flag → Flag
Exports $3.04MRnk 88 / 156
2022
Flag → Flag
Top Product $3.04MSodium or Potassium Peroxides
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
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GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Venezuela-Kuwait Trade: In 2022, Venezuela exported $3.36M to Kuwait. The main products that Venezuela exported to Kuwait were Wood Charcoal ($3.3M), Sowing Seeds ($26.4k), and Engine Parts ($9.84k). Over the past 5 years the exports of Venezuela to Kuwait have increased at an annualized rate of 116%, from $71.4k in 2017 to $3.36M in 2022.

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

Kuwait-Venezuela Trade: In 2022, Kuwait exported $3.04M to Venezuela. The main products that Kuwait exported to Venezuela were Sodium or Potassium Peroxides ($3.04M). Over the past 5 years the exports of Kuwait to Venezuela have increased at an annualized rate of 87%,  from $133k in 2017 to $3.04M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $3.36M to Kuwait. The main products exported from Venezuela to Kuwait were Wood Charcoal ($3.3M), Sowing Seeds ($26.4k), and Engine Parts ($9.84k). During the last 5 years the exports of Venezuela to Kuwait have increased at an annualized rate of 116%, from $71.4k in 2017 to $3.36M in 2022.

In 2017, Kuwait exported $3.04M to Venezuela. The main products exported from Kuwait to Venezuela were Sodium or Potassium Peroxides ($3.04M). During the last 5 years the exports of Kuwait to Venezuela have increased at an annualized rate of 87%, from $133k in 2022 to $3.04M in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Kuwait (Flag)

Kuwait Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Venezuela than Kuwait included Spain ($518M), Colombia ($99.8M), and Poland ($101M).

In 2022, countries that imported more from Kuwait than Venezuela included China ($24.3B), India ($15B), and South Korea ($10.8B).

Difference in imports from Kuwait (Flag) and Venezuela (Flag) (2022)

Comparative Advantage Venezuela - Kuwait

Flow
Scale

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

During 2022, Venezuela had a large net trade with Kuwait in the exports of Wood Products ($3.3M), Vegetable Products ($33k), and Machines ($14.7k).

During 2017, Kuwait had a large net trade with Venezuela in the exports of Chemical Products ($3.04M).

Economic Complexity

Competitive Landscape

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

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

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