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2022
Flag → Flag
Exports $2.55MRnk 49 / 126
2022
Flag → Flag
Top Product $1.28MHard Liquor
2022
Flag → Flag
Exports $1.99MRnk 169 / 215
2022
Flag → Flag
Top Product $403kUncoated Paper
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Venezuela-Singapore Trade: In 2022, Venezuela exported $2.55M to Singapore. The main products that Venezuela exported to Singapore were Hard Liquor ($1.28M), Cocoa Beans ($596k), and Copper Powder ($163k). Over the past 5 years the exports of Venezuela to Singapore have decreased at an annualized rate of 70.9%, from $1.23B in 2017 to $2.55M in 2022.

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

Singapore-Venezuela Trade: In 2022, Singapore exported $1.99M to Venezuela. The main products that Singapore exported to Venezuela were Uncoated Paper ($403k), Bi-Wheel Vehicle Parts ($333k), and Vegetable Saps ($152k). Over the past 5 years the exports of Singapore to Venezuela have decreased at an annualized rate of 14.7%,  from $4.39M in 2017 to $1.99M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $2.55M to Singapore. The main products exported from Venezuela to Singapore were Hard Liquor ($1.28M), Cocoa Beans ($596k), and Copper Powder ($163k). During the last 5 years the exports of Venezuela to Singapore have decreased at an annualized rate of 70.9%, from $1.23B in 2017 to $2.55M in 2022.

In 2017, Singapore exported $1.99M to Venezuela. The main products exported from Singapore to Venezuela were Uncoated Paper ($403k), Bi-Wheel Vehicle Parts ($333k), and Vegetable Saps ($152k). During the last 5 years the exports of Singapore to Venezuela have decreased at an annualized rate of 14.7%, from $4.39M in 2022 to $1.99M in 2017.

Exports from Venezuela (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Venezuela (Flag) (2022)

Latest Data

Trade between Venezuela (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Venezuela than Singapore included Lebanon ($150M), Montenegro ($75.9M), and Dominican Republic ($76.7M).

In 2022, countries that imported more from Singapore than Venezuela included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Venezuela (Flag) (2022)

Comparative Advantage Venezuela - Singapore

Flow
Scale

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

During 2022, Venezuela had a large net trade with Singapore in the exports of Foodstuffs ($1.89M), Machines ($190k), and Metals ($166k).

During 2017, Singapore had a large net trade with Venezuela in the exports of Chemical Products ($565k), Paper Goods ($497k), and Transportation ($337k).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Singapore (Flag) (2022)

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