Venezuela (VEN) and Pakistan (PAK) Trade | The Observatory of Economic Complexity

About

Venezuela-Pakistan Trade: In 2021, Venezuela exported $85.4k to Pakistan. The main products that Venezuela exported to Pakistan were N/A. Over the past 5 years the exports of Venezuela to Pakistan have increased at an annualized rate of 29.2%, from $23.8k in 2016 to $85.4k in 2021.

In 2021, Venezuela did not export any services to Pakistan.

Pakistan-Venezuela Trade: In 2021, Pakistan exported $2.89M to Venezuela. The main products that Pakistan exported to Venezuela were Light Synthetic Cotton Fabrics ($671k), House Linens ($406k), and Confectionery Sugar ($331k). Over the past 5 years the exports of Pakistan to Venezuela have increased at an annualized rate of 6.73%, from $2.09M in 2016 to $2.89M in 2021.

In 2021, Pakistan 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, Pakistan ranked 84 in the Economic Complexity Index (ECI -0.45), and 66 in total exports ($38.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Venezuela exported $85.4k to Pakistan. There were not main exports from Venezuela to Pakistan in 2021. During the last 5 years the exports of Venezuela to Pakistan have increased at an annualized rate of 29.2%, from $23.8k in 2016 to $85.4k in 2021.

In 2017, Pakistan exported $2.89M to Venezuela. The main products exported from Pakistan to Venezuela were Light Synthetic Cotton Fabrics ($671k), House Linens ($406k), and Confectionery Sugar ($331k). During the last 5 years the exports of Pakistan to Venezuela have increased at an annualized rate of 6.73%, from $2.09M in 2022 to $2.89M in 2017.

Exports from Venezuela () to Pakistan () (2022)

Exports from Pakistan () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Pakistan ()

Pakistan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Pakistan
Top DestinationUnited States$6.47B

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

In 2022, countries that imported more from Venezuela than Pakistan included Brazil ($361M), India ($228M), and Turkey ($597M).

In 2022, countries that imported more from Pakistan than Venezuela included United States ($6.47B), Germany ($2.8B), and United Arab Emirates ($2.58B).

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

Comparative Advantage Venezuela - Pakistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2017, Pakistan had a large net trade with Venezuela in the exports of Textiles ($2.11M), Foodstuffs ($331k), and Machines ($271k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Pakistan () (2022)

Exports from Pakistan () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Pakistan ()

Pakistan Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Pakistan

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 Pakistan () (2022)

Keep Exploring