Venezuela / Ireland

Venezuela-Ireland Trade: In 2022, Venezuela exported $715k to Ireland. The main products that Venezuela exported to Ireland were Office Machine Parts ($475k), Computers ($98.2k), and Broadcasting Equipment ($29.2k). Over the past 5 years the exports of Venezuela to Ireland have increased at an annualized rate of 33.6%, from $168k in 2017 to $715k in 2022.

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

Ireland-Venezuela Trade: In 2022, Ireland exported $376k to Venezuela. The main products that Ireland exported to Venezuela were Special Pharmaceuticals ($242k), Orthopedic Appliances ($47.6k), and Base Metal Watches ($37.5k). Over the past 5 years the exports of Ireland to Venezuela have decreased at an annualized rate of 12.7%,  from $741k in 2017 to $376k in 2022.

In 2018, Ireland exported services to Venezuela worth $1.18M, with Insurance services ($1.18M) 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).