Ethiopia (ETH) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Ethiopia-Venezuela Trade: In 2021, Ethiopia exported $929k to Venezuela. The main products that Ethiopia exported to Venezuela were N/A. Over the past 7 years the exports of Ethiopia to Venezuela have increased at an annualized rate of 67.7%, from $24.9k in 2014 to $929k in 2021.

In 2021, Ethiopia did not export any services to Venezuela.

Venezuela-Ethiopia Trade: In 2021, Venezuela exported $76.8k to Ethiopia. The main products that Venezuela exported to Ethiopia were N/A. Over the past 7 years the exports of Venezuela to Ethiopia have increased at an annualized rate of 5.48%, from $58.8k in 2014 to $76.8k in 2021.

In 2021, Venezuela did not export any services to Ethiopia.

Comparison: In 2022, Ethiopia ranked 98 in the Economic Complexity Index (ECI -0.72), and 134 in total exports ($4.24B). 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 2021, Ethiopia exported $929k to Venezuela. There were not main exports from Ethiopia to Venezuela in 2021. During the last 7 years the exports of Ethiopia to Venezuela have increased at an annualized rate of 67.7%, from $24.9k in 2014 to $929k in 2021.

In 2014, Venezuela exported $76.8k to Ethiopia. There were not main exports from Venezuela to Ethiopia in 2014. During the last 5 years the exports of Venezuela to Ethiopia have increased at an annualized rate of 5.48%, from $58.8k in 2019 to $76.8k in 2014.

Exports from Ethiopia () to Venezuela () (2021)

Exports from Venezuela () to Ethiopia () (2021)

Latest Data

Trade between Ethiopia () and Venezuela ()

Ethiopia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ethiopia
Top DestinationUnited Arab Emirates$723M

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Ethiopia than Venezuela included United Arab Emirates ($723M), Saudi Arabia ($268M), and Somalia ($265M).

In 2022, countries that imported more from Venezuela than Ethiopia included Turkey ($597M), China ($703M), and Spain ($518M).

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

Comparative Advantage Ethiopia - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Ethiopia had a large net trade with Venezuela in the exports of .

During 2014, Venezuela had a large net trade with Ethiopia in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Ethiopia () to Venezuela () (2021)

Exports from Venezuela () to Ethiopia () (2021)

Latest Data

Trade between Ethiopia () and Venezuela ()

Ethiopia Exports

Market Competitiveness

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

Comparative Advantage Ethiopia - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Ethiopia () and Venezuela () (2021)

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