Namibia (NAM) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

About

Namibia-Venezuela Trade: In 2017, Namibia exported $545 to Venezuela. The main products that Namibia exported to Venezuela were N/A. Over the past 7 years the exports of Namibia to Venezuela have decreased at an annualized rate of 45%, from $36k in 2010 to $545 in 2017.

In 2017, Namibia did not export any services to Venezuela.

Venezuela-Namibia Trade: In 2017, Venezuela exported $1.37k to Namibia. The main products that Venezuela exported to Namibia were Other Footwear ($1.37k). Over the past 7 years the exports of Venezuela to Namibia have increased at an annualized rate of 2.94%, from $768 in 2010 to $1.37k in 2017.

In 2017, Venezuela did not export any services to Namibia.

Comparison: In 2022, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B). 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 2017, Namibia exported $545 to Venezuela. There were not main exports from Namibia to Venezuela in 2017. During the last 7 years the exports of Namibia to Venezuela have decreased at an annualized rate of 45%, from $36k in 2010 to $545 in 2017.

In 2017, Venezuela exported $1.37k to Namibia. The main products exported from Venezuela to Namibia were Other Footwear ($1.37k). During the last 5 years the exports of Venezuela to Namibia have increased at an annualized rate of 2.94%, from $768 in 2022 to $1.37k in 2017.

Exports from Namibia () to Venezuela () (2022)

Exports from Venezuela () to Namibia () (2022)

Latest Data

Trade between Namibia () and Venezuela ()

Namibia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Namibia
Top DestinationSouth Africa$1.75B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Namibia than Venezuela included South Africa ($1.75B), Botswana ($672M), and Zambia ($279M).

In 2022, countries that imported more from Venezuela than Namibia included Turkey ($597M), Brazil ($361M), and United States ($438M).

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

Comparative Advantage Namibia - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Namibia had a large net trade with Venezuela in the exports of .

During 2017, Venezuela had a large net trade with Namibia in the exports of Footwear and Headwear ($1.37k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Namibia () to Venezuela () (2022)

Exports from Venezuela () to Namibia () (2022)

Latest Data

Trade between Namibia () and Venezuela ()

Namibia Exports

Market Competitiveness

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

Comparative Advantage Namibia - Venezuela

Economic Complexity

Competitive Landscape

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

Keep Exploring