Venezuela (VEN) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Venezuela-Slovakia Trade: In 2022, Venezuela exported $7.59M to Slovakia. The main products that Venezuela exported to Slovakia were Hard Liquor ($3.89M), Raw Aluminium ($3.39M), and Iron Reductions ($185k). Over the past 5 years the exports of Venezuela to Slovakia have increased at an annualized rate of 53.4%, from $893k in 2017 to $7.59M in 2022.

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

Slovakia-Venezuela Trade: In 2022, Slovakia exported $426k to Venezuela. The main products that Slovakia exported to Venezuela were Rubber Tires ($287k), Ball Bearings ($65.1k), and Industrial Furnaces ($19.8k). Over the past 5 years the exports of Slovakia to Venezuela have decreased at an annualized rate of 19.9%, from $1.29M in 2017 to $426k in 2022.

In 2020, Slovakia exported services to Venezuela worth $114k, with Travel ($114k) 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $7.59M to Slovakia. The main products exported from Venezuela to Slovakia were Hard Liquor ($3.89M), Raw Aluminium ($3.39M), and Iron Reductions ($185k). During the last 5 years the exports of Venezuela to Slovakia have increased at an annualized rate of 53.4%, from $893k in 2017 to $7.59M in 2022.

In 2017, Slovakia exported $426k to Venezuela. The main products exported from Slovakia to Venezuela were Rubber Tires ($287k), Ball Bearings ($65.1k), and Industrial Furnaces ($19.8k). During the last 5 years the exports of Slovakia to Venezuela have decreased at an annualized rate of 19.9%, from $1.29M in 2022 to $426k in 2017.

Exports from Venezuela () to Slovakia () (2022)

Exports from Slovakia () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Slovakia ()

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Venezuela than Slovakia included Lebanon ($150M), Brazil ($361M), and India ($228M).

In 2022, countries that imported more from Slovakia than Venezuela included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

Difference in imports from Slovakia () and Venezuela () (2022)

Comparative Advantage Venezuela - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Slovakia in the exports of Foodstuffs ($3.89M), Metals ($3.63M), and Paper Goods ($37.2k).

During 2017, Slovakia had a large net trade with Venezuela in the exports of Plastics and Rubbers ($288k), Machines ($102k), and Metals ($20.9k).

Bilateral Service Trade

Svk Year

In 2020, Slovakia exported services to Venezuela worth $114k, with Travel ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovakia () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Slovakia () (2022)

Exports from Slovakia () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Slovakia ()

Slovakia Exports

Market Competitiveness

Difference in imports from Slovakia () and Venezuela () (2022)

Comparative Advantage Venezuela - Slovakia

Bilateral Service Trade

Services Exports from Slovakia () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Slovakia () (2022)

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