Venezuela (VEN) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Venezuela-Saudi Arabia Trade: In 2021, Venezuela exported $510k to Saudi Arabia. The main products that Venezuela exported to Saudi Arabia were N/A. Over the past 5 years the exports of Venezuela to Saudi Arabia have increased at an annualized rate of 10.8%, from $306k in 2016 to $510k in 2021.

In 2021, Venezuela did not export any services to Saudi Arabia.

Saudi Arabia-Venezuela Trade: In 2021, Saudi Arabia exported $1.91M to Venezuela. The main products that Saudi Arabia exported to Venezuela were N/A. Over the past 5 years the exports of Saudi Arabia to Venezuela have increased at an annualized rate of 25.5%, from $614k in 2016 to $1.91M in 2021.

In 2021, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Venezuela exported $510k to Saudi Arabia. There were not main exports from Venezuela to Saudi Arabia in 2021. During the last 5 years the exports of Venezuela to Saudi Arabia have increased at an annualized rate of 10.8%, from $306k in 2016 to $510k in 2021.

In 2016, Saudi Arabia exported $1.91M to Venezuela. There were not main exports from Saudi Arabia to Venezuela in 2016. During the last 5 years the exports of Saudi Arabia to Venezuela have increased at an annualized rate of 25.5%, from $614k in 2021 to $1.91M in 2016.

Exports from Venezuela () to Saudi Arabia () (2021)

Exports from Saudi Arabia () to Venezuela () (2021)

Latest Data

Trade between Venezuela () and Saudi Arabia ()

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Venezuela than Saudi Arabia included Montenegro ($75.9M), Dominican Republic ($76.7M), and Colombia ($99.8M).

In 2022, countries that imported more from Saudi Arabia than Venezuela included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia () and Venezuela () (2022)

Comparative Advantage Venezuela - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Venezuela had a large net trade with Saudi Arabia in the exports of .

During 2016, Saudi Arabia had a large net trade with Venezuela in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Saudi Arabia () (2021)

Exports from Saudi Arabia () to Venezuela () (2021)

Latest Data

Trade between Venezuela () and Saudi Arabia ()

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Venezuela () (2022)

Comparative Advantage Venezuela - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Saudi Arabia () (2021)

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