Summary
- Spain → Venezuela
- $223million
- Venezuela → Spain
- $1.4billion
- Spain’s balance
- -$1.2billion
Balance
Spain’s trade balance with Venezuela
Trade between Spain and Venezuela grew 3.7-fold since 1995
USD billions (current). Spain’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0.2
- Imports 1.4
- Balance -1.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $285 million | $166 million | $120 million |
| 1996 | $229 million | $251 million | -$22 million |
| 1997 | $281 million | $289 million | -$7 million |
| 1998 | $378 million | $296 million | $82 million |
| 1999 | $431 million | $285 million | $145 million |
| 2000 | $402 million | $460 million | -$57 million |
| 2001 | $496 million | $636 million | -$140 million |
| 2002 | $463 million | $671 million | -$208 million |
| 2003 | $362 million | $325 million | $37 million |
| 2004 | $589 million | $394 million | $195 million |
| 2005 | $549 million | $911 million | -$362 million |
| 2006 | $525 million | $2.2 billion | -$1.6 billion |
| 2007 | $734 million | $2.1 billion | -$1.3 billion |
| 2008 | $1 billion | $1.8 billion | -$782 million |
| 2009 | $810 million | $1.4 billion | -$569 million |
| 2010 | $951 million | $946 million | $4 million |
| 2011 | $2 billion | $784 million | $1.2 billion |
| 2012 | $2.1 billion | $1.7 billion | $335 million |
| 2013 | $1.3 billion | $1.7 billion | -$437 million |
| 2014 | $686 million | $1.8 billion | -$1.1 billion |
| 2015 | $379 million | $941 million | -$563 million |
| 2016 | $225 million | $278 million | -$53 million |
| 2017 | $118 million | $429 million | -$312 million |
| 2018 | $196 million | $320 million | -$124 million |
| 2019 | $320 million | $920 million | -$600 million |
| 2020 | $202 million | $339 million | -$138 million |
| 2021 | $108 million | $75 million | $33 million |
| 2022 | $127 million | $594 million | -$466 million |
| 2023 | $146 million | $670 million | -$524 million |
| 2024 | $223 million | $1.4 billion | -$1.2 billion |
What they sell each other
What Spain sells to Venezuela
The top 10 headings in 2024, with their share of the total.
What Venezuela sells to Spain
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Valencia and Puerto La Cruz is 4,145 nautical miles (7,677 km) long: ≈ 9.5–12.5 days at sea (at 18 and 14 knots).
Passages it crosses: Strait of Gibraltar.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Venezuela was Spain’s 61st largest trading partner (0.2% of its trade), and Spain was Venezuela’s 5th (6%).
- Venezuela in Spain’s trade
- 0.2%
- Venezuela’s rank among Spain’s partners
- 61st
- Spain in Venezuela’s trade
- 6%
- Spain’s rank among Venezuela’s partners
- 5th
Compare with
Other partners of Spain
Other partners of Venezuela
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.