2022
Flag  
GDP
$3.16BCURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP GROWTH
173%CURRENT US$
Rnk 5 / 186
2022
Flag
GDP PC 
$2,358CURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP PC GROWTH
131%CURRENT US$
Rnk 3 / 186

About

Timor-Leste-Venezuela In 2013, Timor-Leste exported $631 to Venezuela. The main products that Timor-Leste exported to Venezuela are N/A. During the last 3 years the exports of Timor-Leste to Venezuela have decreased at an annualized rate of 68.2%, from $19.6k in 2010 to $631 in 2013.

In 2013, Timor-Leste did not export any services to Venezuela.

Venezuela-Timor-Leste In 2013, Venezuela exported $231 to Timor-Leste. The main products that Venezuela exported to Timor-Leste were Hard Liquor ($231). During the last 3 years the exports of Venezuela to Timor-Leste have decreased at an annualized rate of 14.7%, from $372 in 2010 to $231 in 2013.

In 2013, Venezuela did not export any services to Timor-Leste.

Comparison In 2022,  Timor-Leste ranked 170 in total exports ($513M), 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
Value

In 2013, Timor-Leste exported $631 to Venezuela. There were not main exports from Timor-Leste to Venezuela in 2013. During the last 3 years the exports of Timor-Leste to Venezuela have decreased at an annualized rate of 68.2%, from $19.6k in 2010 to $631 in 2013.

In 2022, Venezuela exported $231 to Timor-Leste. The main products exported from Venezuela to Timor-Leste were Hard Liquor ($231). During the last 3 years the exports of Venezuela to Timor-Leste have decreased at an annualized rate of 14.7%, from $372 in 2019 to $231 in 2022.

Exports from Timor-Leste (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Timor-Leste (Flag) (2022)

Market Competitiveness

Color
Timor-Leste
Top Destination
China$131M
Venezuela
Top Destination
China$703M

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

In 2021, countries that imported more from Timor-Leste than Venezuela were Indonesia ($104M), South Korea ($68.5M), and Japan ($74.2M).

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

Difference in imports from Venezuela (Flag) and Timor-Leste (Flag) (2022)

Comparative Advantage Timor-Leste - Venezuela

Flow
Scale

This chart compares trade between Timor-Leste and Venezuela by product, considering products traded by both, Timor-Leste and Venezuela.

During 2013, Timor-Leste had a large net trade with Venezuela in the exports of .

During 2022, Venezuela had a large net trade with Timor-Leste in the exports of Foodstuffs ($231).

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

Product Space of Timor-Leste (Flag) and Venezuela (Flag) (2022)

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