British Virgin Islands (VGB) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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British Virgin Islands-Venezuela Trade: In 2013, British Virgin Islands exported $142M to Venezuela. The main products that British Virgin Islands exported to Venezuela were N/A. Over the past 5 years the exports of British Virgin Islands to Venezuela have increased at an annualized rate of 112%, from $3.3M in 2008 to $142M in 2013.

In 2013, British Virgin Islands did not export any services to Venezuela.

Venezuela-British Virgin Islands Trade: In 2013, Venezuela exported $22.2k to British Virgin Islands. The main products that Venezuela exported to British Virgin Islands were N/A. Over the past 5 years the exports of Venezuela to British Virgin Islands have decreased at an annualized rate of 80.5%, from $77.8M in 2008 to $22.2k in 2013.

In 2013, Venezuela did not export any services to British Virgin Islands.

Comparison In 2022, British Virgin Islands ranked 185 in total exports ($206M), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2013, British Virgin Islands exported $142M to Venezuela. There were not main exports from British Virgin Islands to Venezuela in 2013. During the last 5 years the exports of British Virgin Islands to Venezuela have increased at an annualized rate of 112%, from $3.3M in 2008 to $142M in 2013.

In 2004, Venezuela exported $22.2k to British Virgin Islands. There were not main exports from Venezuela to British Virgin Islands in 2004. During the last 5 years the exports of Venezuela to British Virgin Islands have decreased at an annualized rate of 80.5%, from $77.8M in 2009 to $22.2k in 2004.

Exports from British Virgin Islands () to Venezuela () (2013)

Exports from Venezuela () to British Virgin Islands () (2013)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

British Virgin Islands
Top DestinationMalta$85.8M

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from British Virgin Islands than Venezuela included Malta ($85.8M), Switzerland ($19.1M), and Zimbabwe ($5.02M).

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

Difference in imports from Venezuela () and British Virgin Islands () (2022)

Comparative Advantage British Virgin Islands - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between British Virgin Islands and Venezuela by product, considering products traded by both, British Virgin Islands and Venezuela.

During 2013, British Virgin Islands had a large net trade with Venezuela in the exports of .

During 2004, Venezuela had a large net trade with British Virgin Islands in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from British Virgin Islands () to Venezuela () (2013)

Exports from Venezuela () to British Virgin Islands () (2013)

Market Competitiveness

Difference in imports from Venezuela () and British Virgin Islands () (2022)

Comparative Advantage British Virgin Islands - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of British Virgin Islands () and Venezuela () (2013)

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