Turkey (TUR) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Turkey-Venezuela In 2022, Turkey exported $366M to Venezuela. The main products that Turkey exported to Venezuela are Pasta ($116M), Wheat Flours ($90.1M), and Other Prepared Meat ($17.2M). During the last 27 years the exports of Turkey to Venezuela have increased at an annualized rate of 10.1%, from $27.5M in 1995 to $366M in 2022.

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

Venezuela-Turkey In 2022, Venezuela exported $597M to Turkey. The main products that Venezuela exported to Turkey were Scrap Iron ($404M), Iron Reductions ($105M), and Petroleum Coke ($70.7M). During the last 27 years the exports of Venezuela to Turkey have increased at an annualized rate of 16.8%, from $9.07M in 1995 to $597M in 2022.

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

Comparison In 2022, Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and N/A in total exports (N/A). That same year, Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and N/A in total exports (N/A).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkey exported $366M to Venezuela. The main products exported from Turkey to Venezuela were Pasta ($116M), Wheat Flours ($90.1M), and Other Prepared Meat ($17.2M). During the last 27 years the exports of Turkey to Venezuela have increased at an annualized rate of 10.1%, from $27.5M in 1995 to $366M in 2022.

In 2022, Venezuela exported $597M to Turkey. The main products exported from Venezuela to Turkey were Scrap Iron ($404M), Iron Reductions ($105M), and Petroleum Coke ($70.7M). During the last 27 years the exports of Venezuela to Turkey have increased at an annualized rate of 16.8%, from $9.07M in 1995 to $597M in 2022.

Exports from Turkey () to Venezuela () (2022)

Exports from Venezuela () to Turkey () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationN/AN/A

Venezuela
Top DestinationN/AN/A

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

N/A

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

Comparative Advantage Turkey - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Venezuela in the exports of Foodstuffs ($170M), Vegetable Products ($90.6M), and Chemical Products ($23.6M).

During 2022, Venezuela had a large net trade with Turkey in the exports of N/A.

Economic Complexity

Competitive Landscape

Year

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 Turkey has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Turkey.

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Venezuela () (2022)

Exports from Venezuela () to Turkey () (2022)

Market Competitiveness

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

Comparative Advantage Turkey - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Turkey () and Venezuela () (2022)

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