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2023
Flag → Flag
Exports $347kRnk 100 / 156
2023
Flag → Flag
Top Product $211kSoups and Broths
2023
Flag → Flag
Exports $160kRnk 82 / 122
2023
Flag → Flag
Top Product $61.6kDental Products
2023
Flag
Economic Complexity (ECI) ECI -0.51Rnk 87 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP GROWTH63.1%CURRENT US$
Rnk 46 / 195
2023
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GDP PC $1,706CURRENT US$
Rnk 162 / 195
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 92 / 195

About

Senegal-Venezuela Trade: In 2023, Senegal exported $347k to Venezuela. The main products that Senegal exported to Venezuela were Soups and Broths ($211k), Coconuts, Brazil Nuts, and Cashews ($91k), and Sauces and Seasonings ($36.5k). Over the past 5 years the exports of Senegal to Venezuela have increased at an annualized rate of 51%, from $44.3k in 2018 to $347k in 2023.

In 2023, Senegal did not export any services to Venezuela.

Venezuela-Senegal Trade: In 2023, Venezuela exported $160k to Senegal. The main products that Venezuela exported to Senegal were Dental Products ($61.6k), Instructional Models ($50.5k), and Rice ($43k). Over the past 5 years the exports of Venezuela to Senegal have increased at an annualized rate of 46.8%,  from $23.5k in 2018 to $160k in 2023.

In 2023, Venezuela did not export any services to Senegal.

Comparison: In 2023,  Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B). 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
Value

In 2023, Senegal exported $347k to Venezuela. The main products exported from Senegal to Venezuela were Soups and Broths ($211k), Coconuts, Brazil Nuts, and Cashews ($91k), and Sauces and Seasonings ($36.5k). During the last 5 years the exports of Senegal to Venezuela have increased at an annualized rate of 51%, from $44.3k in 2018 to $347k in 2023.

In 2018, Venezuela exported $160k to Senegal. The main products exported from Venezuela to Senegal were Dental Products ($61.6k), Instructional Models ($50.5k), and Rice ($43k). During the last 5 years the exports of Venezuela to Senegal have increased at an annualized rate of 46.8%, from $23.5k in 2023 to $160k in 2018.

Exports from Senegal (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Senegal (Flag) (2023)

Latest Data

Trade between Senegal (Flag) and Venezuela (Flag)

Senegal Exports

Market Competitiveness

Color
Senegal
Top DestinationMali$1.22B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Senegal than Venezuela included Mali ($1.22B), Switzerland ($625M), and India ($681M).

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

Difference in imports from Venezuela (Flag) and Senegal (Flag) (2023)

Comparative Advantage Senegal - Venezuela

Flow
Scale

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

During 2023, Senegal had a large net trade with Venezuela in the exports of Foodstuffs ($252k), Vegetable Products ($91k), and Animal Products ($4.07k).

During 2018, Venezuela had a large net trade with Senegal in the exports of Chemical Products ($61.6k), Instruments ($53.8k), and Vegetable Products ($43k).

Economic Complexity

Competitive Landscape

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

Product Space of Senegal (Flag) and Venezuela (Flag) (2023)

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