Venezuela (VEN) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

About

Venezuela-Vietnam Trade: In 2022, Venezuela exported $2.57M to Vietnam. The main products that Venezuela exported to Vietnam were N/A. Over the past 5 years the exports of Venezuela to Vietnam have increased at an annualized rate of 17.1%, from $1.17M in 2017 to $2.57M in 2022.

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

Vietnam-Venezuela Trade: In 2022, Vietnam exported $56.9M to Venezuela. The main products that Vietnam exported to Venezuela were Rice ($13M), Cement ($6.55M), and Non-Knit Women's Coats ($4.24M). Over the past 5 years the exports of Vietnam to Venezuela have increased at an annualized rate of 23.3%, from $20M in 2017 to $56.9M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $2.57M to Vietnam. There were not main exports from Venezuela to Vietnam in 2022. During the last 5 years the exports of Venezuela to Vietnam have increased at an annualized rate of 17.1%, from $1.17M in 2017 to $2.57M in 2022.

In 2017, Vietnam exported $56.9M to Venezuela. The main products exported from Vietnam to Venezuela were Rice ($13M), Cement ($6.55M), and Non-Knit Women's Coats ($4.24M). During the last 5 years the exports of Vietnam to Venezuela have increased at an annualized rate of 23.3%, from $20M in 2022 to $56.9M in 2017.

Exports from Venezuela () to Vietnam () (2022)

Exports from Vietnam () to Venezuela () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Venezuela than Vietnam included Lebanon ($150M), Montenegro ($75.9M), and Guyana ($28.9M).

In 2022, countries that imported more from Vietnam than Venezuela included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Venezuela - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Vietnam in the exports of Vegetable Products ($1.29M), Animal Hides ($662k), and Metals ($460k).

During 2017, Vietnam had a large net trade with Venezuela in the exports of Vegetable Products ($17.4M), Textiles ($12.3M), and Mineral Products ($6.55M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Vietnam () (2022)

Exports from Vietnam () to Venezuela () (2022)

Market Competitiveness

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

Comparative Advantage Venezuela - Vietnam

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring