Malawi (MWI) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Malawi-Venezuela Trade: In 2012, Malawi exported $2.96k to Venezuela. The main products that Malawi exported to Venezuela were N/A. Over the past 12 years the exports of Malawi to Venezuela have decreased at an annualized rate of 24.3%, from $84.1k in 2000 to $2.96k in 2012.

In 2012, Malawi did not export any services to Venezuela.

Venezuela-Malawi Trade: In 2012, Venezuela exported $2.38k to Malawi. The main products that Venezuela exported to Malawi were Industrial Printers ($2.35k) and Other Rubber Products ($26). Over the past 12 years the exports of Venezuela to Malawi have decreased at an annualized rate of 33.4%, from $18.1k in 2000 to $2.38k in 2012.

In 2012, Venezuela did not export any services to Malawi.

Comparison In 2022, Malawi ranked 157 in total exports ($1.19B), 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 2012, Malawi exported $2.96k to Venezuela. There were not main exports from Malawi to Venezuela in 2012. During the last 12 years the exports of Malawi to Venezuela have decreased at an annualized rate of 24.3%, from $84.1k in 2000 to $2.96k in 2012.

In 2017, Venezuela exported $2.38k to Malawi. The main products exported from Venezuela to Malawi were Industrial Printers ($2.35k) and Other Rubber Products ($26). During the last 5 years the exports of Venezuela to Malawi have decreased at an annualized rate of 33.4%, from $18.1k in 2022 to $2.38k in 2017.

Exports from Malawi () to Venezuela () (2022)

Exports from Venezuela () to Malawi () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Malawi
Top DestinationUnited Arab Emirates$255M

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Malawi than Venezuela included United Arab Emirates ($255M), Belgium ($143M), and Tanzania ($72.8M).

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

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

Comparative Advantage Malawi - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2012, Malawi had a large net trade with Venezuela in the exports of .

During 2017, Venezuela had a large net trade with Malawi in the exports of Machines ($2.35k) and Plastics and Rubbers ($26).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Malawi () to Venezuela () (2022)

Exports from Venezuela () to Malawi () (2022)

Market Competitiveness

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

Comparative Advantage Malawi - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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