Venezuela (VEN) and Suriname (SUR) Trade | The Observatory of Economic Complexity

About

Venezuela-Suriname Trade: In 2022, Venezuela exported $8.35M to Suriname. The main products that Venezuela exported to Suriname were Other Heating Machinery ($6M), Centrifuges ($1.53M), and Large Iron Containers ($371k). Over the past 5 years the exports of Venezuela to Suriname have increased at an annualized rate of 14.6%, from $4.22M in 2017 to $8.35M in 2022.

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

Suriname-Venezuela Trade: In 2022, Suriname exported $17.2M to Venezuela. The main products that Suriname exported to Venezuela were Hard Liquor ($8.97M), Poultry Meat ($2.43M), and Rolled Tobacco ($2.08M). Over the past 5 years the exports of Suriname to Venezuela have increased at an annualized rate of 16.7%, from $7.95M in 2017 to $17.2M in 2022.

In 2022, Suriname 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, Suriname ranked 137 in total exports ($2.94B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $8.35M to Suriname. The main products exported from Venezuela to Suriname were Other Heating Machinery ($6M), Centrifuges ($1.53M), and Large Iron Containers ($371k). During the last 5 years the exports of Venezuela to Suriname have increased at an annualized rate of 14.6%, from $4.22M in 2017 to $8.35M in 2022.

In 2017, Suriname exported $17.2M to Venezuela. The main products exported from Suriname to Venezuela were Hard Liquor ($8.97M), Poultry Meat ($2.43M), and Rolled Tobacco ($2.08M). During the last 5 years the exports of Suriname to Venezuela have increased at an annualized rate of 16.7%, from $7.95M in 2022 to $17.2M in 2017.

Exports from Venezuela () to Suriname () (2022)

Exports from Suriname () to Venezuela () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Suriname
Top DestinationSwitzerland$1.15B

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

In 2022, countries that imported more from Venezuela than Suriname included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from Suriname than Venezuela included Switzerland ($1.15B), United Arab Emirates ($609M), and Belgium ($304M).

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

Comparative Advantage Venezuela - Suriname

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Suriname in the exports of Machines ($7.76M), Metals ($371k), and Miscellaneous ($111k).

During 2017, Suriname had a large net trade with Venezuela in the exports of Foodstuffs ($14.4M), Animal Products ($2.44M), and Chemical Products ($202k).

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 Suriname. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Suriname. Similarly, a dot/product with the flag of Suriname indicates it has a comparative advantage over Venezuela.

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Suriname () (2022)

Exports from Suriname () to Venezuela () (2022)

Market Competitiveness

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

Comparative Advantage Venezuela - Suriname

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 Suriname () (2022)

Keep Exploring