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2022
Flag → Flag
Exports $2MRnk 53 / 126
2022
Flag → Flag
Top Product $1.24MAcyclic Alcohols
2022
Flag → Flag
Exports $1.62MRnk 142 / 191
2022
Flag → Flag
Top Product $1.06MRefined Petroleum
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
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 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
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GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
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GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Venezuela-Ukraine Trade: In 2022, Venezuela exported $2M to Ukraine. The main products that Venezuela exported to Ukraine were Acyclic Alcohols ($1.24M), Processed Crustaceans ($326k), and Aluminium Wire ($192k). Over the past 5 years the exports of Venezuela to Ukraine have increased at an annualized rate of 71.7%, from $134k in 2017 to $2M in 2022.

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

Ukraine-Venezuela Trade: In 2022, Ukraine exported $1.62M to Venezuela. The main products that Ukraine exported to Venezuela were Refined Petroleum ($1.06M), Malt Extract ($207k), and Concentrated Milk ($188k). Over the past 5 years the exports of Ukraine to Venezuela have decreased at an annualized rate of 19.5%,  from $22M in 2017 to $1.62M in 2022.

In 2022, Ukraine 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, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $2M to Ukraine. The main products exported from Venezuela to Ukraine were Acyclic Alcohols ($1.24M), Processed Crustaceans ($326k), and Aluminium Wire ($192k). During the last 5 years the exports of Venezuela to Ukraine have increased at an annualized rate of 71.7%, from $134k in 2017 to $2M in 2022.

In 2017, Ukraine exported $1.62M to Venezuela. The main products exported from Ukraine to Venezuela were Refined Petroleum ($1.06M), Malt Extract ($207k), and Concentrated Milk ($188k). During the last 5 years the exports of Ukraine to Venezuela have decreased at an annualized rate of 19.5%, from $22M in 2022 to $1.62M in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Ukraine (Flag)

Ukraine Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from Venezuela than Ukraine included Brazil ($361M), Montenegro ($75.9M), and Colombia ($99.8M).

In 2022, countries that imported more from Ukraine than Venezuela included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

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

Comparative Advantage Venezuela - Ukraine

Flow
Scale

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

During 2022, Venezuela had a large net trade with Ukraine in the exports of Chemical Products ($1.24M), Foodstuffs ($454k), and Metals ($192k).

During 2017, Ukraine had a large net trade with Venezuela in the exports of Mineral Products ($1.08M), Foodstuffs ($344k), and Animal Products ($188k).

Economic Complexity

Competitive Landscape

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

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

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