New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $127MRnk 99 / 218
2022
Flag → Flag
Top Product $9.63MUnglazed Ceramics
2022
Flag → Flag
Exports $518MRnk 3 / 126
2022
Flag → Flag
Top Product $436MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
Flag
Economic Complexity (ECI) ECI -0.9Rnk 99 / 124
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Spain-Venezuela In 2022, Spain exported $127M to Venezuela. The main products that Spain exported to Venezuela are Unglazed Ceramics ($9.63M), Wine ($6.74M), and Air Pumps ($3.25M). During the last 27 years the exports of Spain to Venezuela have decreased at an annualized rate of 2.98%, from $289M in 1995 to $127M in 2022.

In 2009, Spain exported services to Venezuela worth $1.4B, with Services not allocated ($908M), Travel ($350M), and Transportation ($146M) being the largest in terms of value.

Venezuela-Spain In 2022, Venezuela exported $518M to Spain. The main products that Venezuela exported to Spain were Crude Petroleum ($436M), Crustaceans ($34.6M), and Scrap Iron ($17.6M). During the last 27 years the exports of Venezuela to Spain have increased at an annualized rate of 5.4%, from $125M in 1995 to $518M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B). That same year, Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B).

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €8.39M and imported €138M from Venezuela, resulting in a negative trade balance of €130M. Between January 2023 and January 2024 the exports of Spain have increased by €1.62M (23.9%) from €6.77M to €8.39M, while imports increased by €132M (1.99k%) from €6.62M to €138M.

Trade In January 2024, the top exports of Spain to Venezuela were Air Conditioners (€791k), Commodities not elsewhere specified (€570k), Pure Olive Oil (€322k), Unglazed Ceramics (€314k), and Excavation Machinery (€258k). In January 2024 the top imports of Spain from Venezuela were Crustaceans (€2.23M), Iron Reductions (€1.77M), Hard Liquor (€1.33M), Scrap Copper (€521k), and Wood Charcoal (€220k).

Origins In January 2024 the exports of Spain were mainly from Barcelona (€1.54M), Madrid (€1.4M), Valencia (€690k), A Coruña (€505k), and Girona (€428k), while imports destinations were mainly Murcia (€98.3M), Madrid (€36.2M), Burgos (€1.13M), Barcelona (€1.03M), and Guipúzcoa (€800k).

Growth In January 2024, the increase in Spain's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Excavation Machinery (€257k or 23.3k%), Valves (€116k or 2.1k%), and Textiles for technical uses (€105k or 571%). In January 2024, the increase in Spain's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in Hard Liquor (€985k or 285%), Crustaceans (€983k or 78.9%), and Wood Charcoal (€120k or 120%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€1.62M(23.9%)
IMPORT GROWTH (January 2023 - January 2024)€132M(1.99k%)
MAIN EXPORTER (January 2024)Barcelona€1.54M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Venezuela and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Venezuela and Spain Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $127M to Venezuela. The main products exported from Spain to Venezuela were Unglazed Ceramics ($9.63M), Wine ($6.74M), and Air Pumps ($3.25M). During the last 27 years the exports of Spain to Venezuela have decreased at an annualized rate of 2.98%, from $289M in 1995 to $127M in 2022.

In 2022, Venezuela exported $518M to Spain. The main products exported from Venezuela to Spain were Crude Petroleum ($436M), Crustaceans ($34.6M), and Scrap Iron ($17.6M). During the last 27 years the exports of Venezuela to Spain have increased at an annualized rate of 5.4%, from $125M in 1995 to $518M in 2022.

Exports from Spain (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Venezuela
Top DestinationChina$703M

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

In 2021, countries that imported more from Spain than Venezuela were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Venezuela than Spain were Montenegro ($75.9M) and Guyana ($28.9M).

Difference in imports from Venezuela (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Venezuela

Flow
Scale

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

During 2022, Spain had a large net trade with Venezuela in the exports of Foodstuffs ($23M), Chemical Products ($19.4M), and Machines ($19.3M).

During 2022, Venezuela had a large net trade with Spain in the exports of Mineral Products ($436M), Animal Products ($36.8M), and Metals ($30.4M).

Service Trade

Bilateral Service Trade

In 2009, Spain exported services to Venezuela worth $1.4B, with Services not allocated ($908M), Travel ($350M), and Transportation ($146M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Venezuela (Flag) (2009)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Spain.

Product Space of Spain (Flag) and Venezuela (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms