Saudi Arabia (SAU) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Venezuela Trade: In 2021, Saudi Arabia exported $1.91M to Venezuela. The main products that Saudi Arabia exported to Venezuela were N/A. Over the past 5 years the exports of Saudi Arabia to Venezuela have increased at an annualized rate of 25.5%, from $614k in 2016 to $1.91M in 2021.

In 2021, Saudi Arabia did not export any services to Venezuela.

Venezuela-Saudi Arabia Trade: In 2021, Venezuela exported $510k to Saudi Arabia. The main products that Venezuela exported to Saudi Arabia were N/A. Over the past 5 years the exports of Venezuela to Saudi Arabia have increased at an annualized rate of 8.89%, from $306k in 2016 to $510k in 2021.

In 2021, Venezuela did not export any services to Saudi Arabia.

Comparison: In 2022, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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 2021, Saudi Arabia exported $1.91M to Venezuela. There were not main exports from Saudi Arabia to Venezuela in 2021. During the last 5 years the exports of Saudi Arabia to Venezuela have increased at an annualized rate of 25.5%, from $614k in 2016 to $1.91M in 2021.

In 2016, Venezuela exported $510k to Saudi Arabia. There were not main exports from Venezuela to Saudi Arabia in 2016. During the last 5 years the exports of Venezuela to Saudi Arabia have increased at an annualized rate of 8.89%, from $306k in 2021 to $510k in 2016.

Exports from Saudi Arabia () to Venezuela () (2021)

Exports from Venezuela () to Saudi Arabia () (2021)

Latest Data

Trade between Saudi Arabia () and Venezuela ()

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$68B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Saudi Arabia than Venezuela included China ($68B), India ($46.2B), and Japan ($36.5B).

In 2022, countries that imported more from Venezuela than Saudi Arabia included Montenegro ($75.9M), Dominican Republic ($76.7M), and Colombia ($99.8M).

Difference in imports from Venezuela () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Saudi Arabia had a large net trade with Venezuela in the exports of .

During 2016, Venezuela had a large net trade with Saudi Arabia 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 Saudi Arabia and Venezuela. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Saudi Arabia.

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Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Venezuela () (2021)

Exports from Venezuela () to Saudi Arabia () (2021)

Latest Data

Trade between Saudi Arabia () and Venezuela ()

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Venezuela () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Venezuela () (2021)

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