Estonia (EST) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Estonia-Venezuela In 2022, Estonia exported $962k to Venezuela. The main products that Estonia exported to Venezuela are Pesticides ($486k), Soybean Oil ($224k), and Seed Oils ($142k). During the last 27 years the exports of Estonia to Venezuela have increased at an annualized rate of 8.45%, from $108k in 1995 to $962k in 2022.

In 2019, Estonia exported services to Venezuela worth $112k, with Travel ($112k) being the largest in terms of value.

Venezuela-Estonia In 2022, Venezuela exported $3.46M to Estonia. The main products that Venezuela exported to Estonia were Cocoa Beans ($2.78M), Hard Liquor ($212k), and Crustaceans ($208k). During the last 27 years the exports of Venezuela to Estonia have increased at an annualized rate of 2.16%, from $1.94M in 1995 to $3.46M in 2022.

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

Comparison In 2022, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. 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, Estonia exported $962k to Venezuela. The main products exported from Estonia to Venezuela were Pesticides ($486k), Soybean Oil ($224k), and Seed Oils ($142k). During the last 27 years the exports of Estonia to Venezuela have increased at an annualized rate of 8.45%, from $108k in 1995 to $962k in 2022.

In 2022, Venezuela exported $3.46M to Estonia. The main products exported from Venezuela to Estonia were Cocoa Beans ($2.78M), Hard Liquor ($212k), and Crustaceans ($208k). During the last 27 years the exports of Venezuela to Estonia have increased at an annualized rate of 2.16%, from $1.94M in 1995 to $3.46M in 2022.

Exports from Estonia () to Venezuela () (2022)

Exports from Venezuela () to Estonia () (2022)

Latest Data

Trade between Estonia () and Venezuela ()

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

Venezuela
Top DestinationChina$703M

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

In 2021, countries that imported more from Estonia than Venezuela were Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

In 2021, countries that imported more from Venezuela than Estonia were China ($703M), Turkey ($597M), and Spain ($518M).

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

Comparative Advantage Estonia - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Estonia had a large net trade with Venezuela in the exports of Chemical Products ($486k), Animal and Vegetable Bi-Products ($366k), and Foodstuffs ($99.5k).

During 2022, Venezuela had a large net trade with Estonia in the exports of Foodstuffs ($3.25M), Animal Products ($208k), and Miscellaneous ($6.79k).

Service Trade

Bilateral Service Trade

Est Year

In 2019, Estonia exported services to Venezuela worth $112k, with Travel ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to Venezuela () (2019)

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

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Historical Data

Bilateral Trade by Products

Exports from Estonia () to Venezuela () (2022)

Exports from Venezuela () to Estonia () (2022)

Latest Data

Trade between Estonia () and Venezuela ()

Estonia Exports

Market Competitiveness

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

Comparative Advantage Estonia - Venezuela

Service Trade

Bilateral Service Trade

Services Exports from Estonia () to Venezuela () (2019)

Economic Complexity

Competitive Landscape

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

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