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2023
Flag → Flag
Exports $2.87MRnk 48 / 122
2023
Flag → Flag
Top Product $2.75MDried Legumes
2023
Flag → Flag
Exports $799kRnk 137 / 201
2023
Flag → Flag
Top Product $408kVegetable Saps
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Venezuela-Philippines Trade: In 2023, Venezuela exported $2.87M to Philippines. The main products that Venezuela exported to Philippines were Dried Legumes ($2.75M), Carboxyamide Compounds ($66.7k), and Other Aluminium Products ($56.8k). Over the past 5 years the exports of Venezuela to Philippines have increased at an annualized rate of 102%, from $84.4k in 2018 to $2.87M in 2023.

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

Philippines-Venezuela Trade: In 2023, Philippines exported $799k to Venezuela. The main products that Philippines exported to Venezuela were Vegetable Saps ($408k), Broadcasting Equipment ($157k), and Coconuts, Brazil Nuts, and Cashews ($114k). Over the past 5 years the exports of Philippines to Venezuela have increased at an annualized rate of 3.66%,  from $668k in 2018 to $799k in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Venezuela exported $2.87M to Philippines. The main products exported from Venezuela to Philippines were Dried Legumes ($2.75M), Carboxyamide Compounds ($66.7k), and Other Aluminium Products ($56.8k). During the last 5 years the exports of Venezuela to Philippines have increased at an annualized rate of 102%, from $84.4k in 2018 to $2.87M in 2023.

In 2018, Philippines exported $799k to Venezuela. The main products exported from Philippines to Venezuela were Vegetable Saps ($408k), Broadcasting Equipment ($157k), and Coconuts, Brazil Nuts, and Cashews ($114k). During the last 5 years the exports of Philippines to Venezuela have increased at an annualized rate of 3.66%, from $668k in 2023 to $799k in 2018.

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

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

Latest Data

Trade between Venezuela (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Venezuela
Top DestinationUnited States$3.81B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Venezuela than Philippines included Spain ($670M), Brazil ($468M), and Lebanon ($106M).

In 2023, countries that imported more from Philippines than Venezuela included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

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

Comparative Advantage Venezuela - Philippines

Flow
Scale

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

During 2023, Venezuela had a large net trade with Philippines in the exports of Vegetable Products ($2.75M), Chemical Products ($66.7k), and Metals ($56.8k).

During 2018, Philippines had a large net trade with Venezuela in the exports of Vegetable Products ($523k), Machines ($161k), and Animal Products ($93k).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Philippines (Flag) (2023)

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