Venezuela (VEN) and North Korea (PRK) Trade | The Observatory of Economic Complexity

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Venezuela-North Korea Trade: In 2011, Venezuela exported $8.57k to North Korea. The main products that Venezuela exported to North Korea were N/A. Over the past 8 years the exports of Venezuela to North Korea have increased at an annualized rate of 6.55%, from $5.15k in 2003 to $8.57k in 2011.

In 2011, Venezuela did not export any services to North Korea.

North Korea-Venezuela Trade: In 2011, North Korea exported $28.5M to Venezuela. The main products that North Korea exported to Venezuela were N/A. Over the past 8 years the exports of North Korea to Venezuela have decreased at an annualized rate of 32.6%, from $204M in 2003 to $28.5M in 2011.

In 2011, North 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, North Korea ranked 182 in total exports ($248M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2011, Venezuela exported $8.57k to North Korea. There were not main exports from Venezuela to North Korea in 2011. During the last 8 years the exports of Venezuela to North Korea have increased at an annualized rate of 6.55%, from $5.15k in 2003 to $8.57k in 2011.

In 2008, North Korea exported $28.5M to Venezuela. There were not main exports from North Korea to Venezuela in 2008. During the last 5 years the exports of North Korea to Venezuela have decreased at an annualized rate of 32.6%, from $204M in 2013 to $28.5M in 2008.

Exports from Venezuela () to North Korea () (2013)

Exports from North Korea () to Venezuela () (2013)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

North Korea
Top DestinationChina$131M

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

In 2022, countries that imported more from Venezuela than North Korea included Turkey ($597M), China ($703M), and Spain ($518M).

In 2022, countries that imported more from North Korea than Venezuela included Senegal ($26.9M), Nigeria ($14M), and Luxembourg ($6.44M).

Difference in imports from North Korea () and Venezuela () (2022)

Comparative Advantage Venezuela - North Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2011, Venezuela had a large net trade with North Korea in the exports of .

During 2008, North Korea had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to North Korea () (2013)

Exports from North Korea () to Venezuela () (2013)

Market Competitiveness

Difference in imports from North Korea () and Venezuela () (2022)

Comparative Advantage Venezuela - North Korea

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and North Korea () (2013)

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