2023
Flag
 GDP
$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC
$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH
51.9%CURRENT US$
Rnk 45 / 195

About

In N/A, Venezuela did not export any services to Somalia.

Somalia-Venezuela In N/A, Somalia did not export any products to Venezuela.

In N/A, Somalia did not export any services to Venezuela.

Comparison In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82),  and 113 in total exports ($7.63B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value
Year

Venezuela does not register exports to Somalia.

Somalia does not register exports to Venezuela.

Exports from Venezuela (Flag) to Somalia (Flag) (2011)

Exports from Somalia (Flag) to Venezuela (Flag) (2011)

Market Competitiveness

Color
Venezuela
Top Destination
United States$3.81B
Somalia
Top Destination
United Arab Emirates$360M

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

In 2023, countries that imported more from Venezuela than Somalia included United States ($3.81B), China ($739M), and Spain ($670M).

In 2023, countries that imported more from Somalia than Venezuela included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).

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

Comparative Advantage Venezuela - Somalia

Flow
Scale
Year

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

Economic Complexity

Competitive Landscape

Year

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

Product Space of Venezuela (Flag) and Somalia (Flag) (2011)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with