Benin (BEN) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Benin-Venezuela Trade: In 2019, Benin exported $158k to Venezuela. The main products that Benin exported to Venezuela were N/A. Over the past 10 years the exports of Benin to Venezuela have increased at an annualized rate of 12.6%, from $48.2k in 2009 to $158k in 2019.

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

Venezuela-Benin Trade: In 2019, Venezuela exported $6.25k to Benin. The main products that Venezuela exported to Benin were Used Clothing ($6.25k). Over the past 10 years the exports of Venezuela to Benin have decreased at an annualized rate of 57.9%, from $473k in 2009 to $6.25k in 2019.

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

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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 2019, Benin exported $158k to Venezuela. There were not main exports from Benin to Venezuela in 2019. During the last 10 years the exports of Benin to Venezuela have increased at an annualized rate of 12.6%, from $48.2k in 2009 to $158k in 2019.

In 2017, Venezuela exported $6.25k to Benin. The main products exported from Venezuela to Benin were Used Clothing ($6.25k). During the last 5 years the exports of Venezuela to Benin have decreased at an annualized rate of 57.9%, from $473k in 2022 to $6.25k in 2017.

Exports from Benin () to Venezuela () (2022)

Exports from Venezuela () to Benin () (2022)

Latest Data

Trade between Benin () and Venezuela ()

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Benin than Venezuela included Bangladesh ($406M), United Arab Emirates ($382M), and India ($448M).

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

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

Comparative Advantage Benin - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2017, Venezuela had a large net trade with Benin in the exports of Textiles ($6.25k).

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

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Historical Data

Bilateral Trade by Products

Exports from Benin () to Venezuela () (2022)

Exports from Venezuela () to Benin () (2022)

Latest Data

Trade between Benin () and Venezuela ()

Benin Exports

Market Competitiveness

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

Comparative Advantage Benin - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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