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

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Venezuela-Ethiopia Trade: In 2019, 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 18%, from $24.1k in 2012 to $76.8k in 2019.

In 2019, Venezuela did not export any services to Ethiopia.

Ethiopia-Venezuela Trade: In 2019, 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 83.8%, from $44.3k in 2012 to $929k in 2019.

In 2019, Ethiopia did not export any services to Venezuela.

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Ethiopia ranked 98 in the Economic Complexity Index (ECI -0.72), and 134 in total exports ($4.24B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2019, Venezuela exported $76.8k to Ethiopia. There were not main exports from Venezuela to Ethiopia in 2019. During the last 7 years the exports of Venezuela to Ethiopia have increased at an annualized rate of 18%, from $24.1k in 2012 to $76.8k in 2019.

In 2016, Ethiopia exported $929k to Venezuela. There were not main exports from Ethiopia to Venezuela in 2016. During the last 5 years the exports of Ethiopia to Venezuela have increased at an annualized rate of 83.8%, from $44.3k in 2021 to $929k in 2016.

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

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

Latest Data

Trade between Venezuela () and Ethiopia ()

Ethiopia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Ethiopia
Top DestinationUnited Arab Emirates$723M

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

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

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

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

Comparative Advantage Venezuela - Ethiopia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Venezuela had a large net trade with Ethiopia in the exports of .

During 2016, Ethiopia had a large net trade with Venezuela in the exports of .

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 Venezuela and Ethiopia. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Ethiopia. Similarly, a dot/product with the flag of Ethiopia indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Venezuela () and Ethiopia ()

Ethiopia Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Ethiopia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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