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

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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.

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.

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $56.9M to Venezuela. There were not main exports from Vietnam to Venezuela in 2022. During the last 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 2017, Venezuela exported $2.86M to Vietnam. There were not main exports from Venezuela to Vietnam in 2017. During the last 5 years the exports of Venezuela to Vietnam have increased at an annualized rate of 18.6%, from $1.22M in 2022 to $2.86M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Venezuela
Top DestinationUnited States$3.81B

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

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

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

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

Comparative Advantage Vietnam - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Venezuela in the exports of .

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

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Vietnam - Venezuela

Economic Complexity

Competitive Landscape

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

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