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ExportsVenezuela-Portugal Trade: In 2023, Venezuela exported $38.8M to Portugal. The main products that Venezuela exported to Portugal were Iron Reductions ($37.5M), Hard Liquor ($791k), and Processed Crustaceans ($281k). Over the past 5 years the exports of Venezuela to Portugal have increased at an annualized rate of 23%, from $13.8M in 2018 to $38.8M in 2023.
In 2023, Venezuela did not export any services to Portugal.
Portugal-Venezuela Trade: In 2023, Portugal exported $32.2M to Venezuela. The main products that Portugal exported to Venezuela were Refined Petroleum ($22.3M), Other Furniture ($794k), and Pure Olive Oil ($766k). Over the past 5 years the exports of Portugal to Venezuela have increased at an annualized rate of 41.1%, from $5.77M in 2018 to $32.2M in 2023.
In 2017, Portugal exported services to Venezuela worth $1.13M, with Travel ($1.13M) being the largest in terms of value.
Comparison: In 2023, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).
