Eritrea (ERI) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Eritrea-Venezuela Trade: In 2013, Eritrea exported $9.95M to Venezuela. The main products that Eritrea exported to Venezuela were N/A. Over the past 5 years the exports of Eritrea to Venezuela have increased at an annualized rate of 453%, from $1.93k in 2008 to $9.95M in 2013.

In 2013, Eritrea did not export any services to Venezuela.

Venezuela-Eritrea In N/A, Venezuela did not export any products to Eritrea.

In 2013, Venezuela did not export any services to Eritrea.

Comparison In 2023, Eritrea ranked 169 in total exports ($529M), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2013, Eritrea exported $9.95M to Venezuela. There were not main exports from Eritrea to Venezuela in 2013. During the last 5 years the exports of Eritrea to Venezuela have increased at an annualized rate of 453%, from $1.93k in 2008 to $9.95M in 2013.

Venezuela does not register exports to Eritrea.

Exports from Eritrea () to Venezuela () (2013)

Exports from Venezuela () to Eritrea () (2013)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Eritrea
Top DestinationChina$355M

Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Eritrea than Venezuela included United Arab Emirates ($137M), Philippines ($23.8M), and Croatia ($3.33M).

In 2023, countries that imported more from Venezuela than Eritrea included United States ($3.81B), Spain ($670M), and Brazil ($468M).

Difference in imports from Venezuela () and Eritrea () (2023)

Comparative Advantage Eritrea - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2013, Eritrea had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Eritrea and Venezuela. This means that a dot/product with the flag of Eritrea indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Eritrea.

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Historical Data

Bilateral Trade by Products

Exports from Eritrea () to Venezuela () (2013)

Exports from Venezuela () to Eritrea () (2013)

Market Competitiveness

Difference in imports from Venezuela () and Eritrea () (2023)

Comparative Advantage Eritrea - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Eritrea () and Venezuela () (2013)

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