Venezuela / Romania

Venezuela-Romania Trade: In 2022, Venezuela exported $10.2M to Romania. The main products that Venezuela exported to Romania were Iron Ore ($5.92M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($4.23M), and Rough Wood ($42.8k). Over the past 5 years the exports of Venezuela to Romania have increased at an annualized rate of 196%, from $44.9k in 2017 to $10.2M in 2022.

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

Romania-Venezuela Trade: In 2022, Romania exported $121k to Venezuela. The main products that Romania exported to Venezuela were Hard Liquor ($37.2k), Sodium or Potassium Peroxides ($36.3k), and Wood Carpentry ($19.2k). Over the past 5 years the exports of Romania to Venezuela have decreased at an annualized rate of 21.1%,  from $633k in 2017 to $121k in 2022.

In 2017, Romania exported services to Venezuela worth $791k, with Computer and information services ($791k) being the largest in terms of value.

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).