New Zealand (NZL) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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New Zealand-Venezuela Trade: In 2022, New Zealand exported $666k to Venezuela. The main products that New Zealand exported to Venezuela were Kaolin Coated Paper ($641k), Video and Card Games ($16.7k), and Other Sugars ($8.23k). Over the past 5 years the exports of New Zealand to Venezuela have increased at an annualized rate of 15.2%, from $328k in 2017 to $666k in 2022.

In 2018, New Zealand exported services to Venezuela worth $5.52M, with Travel ($5.52M) being the largest in terms of value.

Venezuela-New Zealand Trade: In 2022, Venezuela exported $141k to New Zealand. The main products that Venezuela exported to New Zealand were Hard Liquor ($123k), Acyclic Alcohols ($16.7k), and Essential Oils ($342). Over the past 5 years the exports of Venezuela to New Zealand have decreased at an annualized rate of 4.77%, from $199k in 2017 to $141k in 2022.

In 2022, Venezuela did not export any services to New Zealand.

Comparison: In 2022, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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 2022, New Zealand exported $666k to Venezuela. The main products exported from New Zealand to Venezuela were Kaolin Coated Paper ($641k), Video and Card Games ($16.7k), and Other Sugars ($8.23k). During the last 5 years the exports of New Zealand to Venezuela have increased at an annualized rate of 15.2%, from $328k in 2017 to $666k in 2022.

In 2017, Venezuela exported $141k to New Zealand. The main products exported from Venezuela to New Zealand were Hard Liquor ($123k), Acyclic Alcohols ($16.7k), and Essential Oils ($342). During the last 5 years the exports of Venezuela to New Zealand have decreased at an annualized rate of 4.77%, from $199k in 2022 to $141k in 2017.

Exports from New Zealand () to Venezuela () (2022)

Exports from Venezuela () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Venezuela ()

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$13.1B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from New Zealand than Venezuela included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

In 2022, countries that imported more from Venezuela than New Zealand included Turkey ($597M), Spain ($518M), and Brazil ($361M).

Difference in imports from Venezuela () and New Zealand () (2022)

Comparative Advantage New Zealand - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, New Zealand had a large net trade with Venezuela in the exports of Paper Goods ($641k), Miscellaneous ($16.7k), and Foodstuffs ($8.23k).

During 2017, Venezuela had a large net trade with New Zealand in the exports of Foodstuffs ($123k), Chemical Products ($17.2k), and Machines ($465).

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

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Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Venezuela () (2022)

Exports from Venezuela () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Venezuela ()

New Zealand Exports

Market Competitiveness

Difference in imports from Venezuela () and New Zealand () (2022)

Comparative Advantage New Zealand - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Venezuela () (2022)

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