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

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Venezuela-Vietnam Trade: In 2022, Venezuela exported $2.86M 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 18.6%, from $1.22M in 2017 to $2.86M 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 N/A. 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 2023, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $2.86M 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 18.6%, from $1.22M in 2017 to $2.86M in 2022.

In 2017, Vietnam exported $56.9M to Venezuela. There were not main exports from Vietnam to Venezuela in 2017. 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 DestinationUnited States$3.81B

Vietnam
Top DestinationUnited States$118B

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 2023, countries that imported more from Venezuela than Vietnam included Lebanon ($106M), Guyana ($18.1M), and Dominica ($10.5M).

In 2023, countries that imported more from Vietnam than Venezuela included United States ($118B), China ($85.7B), and Japan ($25.1B).

Difference in imports from Vietnam () and Venezuela () (2023)

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 .

During 2017, Vietnam had a large net trade with Venezuela in the exports of .

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.

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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 () (2023)

Comparative Advantage Venezuela - Vietnam

Economic Complexity

Competitive Landscape

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

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