Gabon (GAB) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Gabon-Venezuela Trade: In 2018, Gabon exported $1.09k to Venezuela. The main products that Gabon exported to Venezuela were N/A. Over the past 5 years the exports of Gabon to Venezuela have decreased at an annualized rate of 43.4%, from $18.7k in 2013 to $1.09k in 2018.

In 2018, Gabon did not export any services to Venezuela.

Venezuela-Gabon Trade: In 2018, Venezuela exported $13.9k to Gabon. The main products that Venezuela exported to Gabon were N/A. Over the past 5 years the exports of Venezuela to Gabon have increased at an annualized rate of 50.4%, from $1.81k in 2013 to $13.9k in 2018.

In 2018, Venezuela did not export any services to Gabon.

Comparison: In 2022, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B). 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 2018, Gabon exported $1.09k to Venezuela. There were not main exports from Gabon to Venezuela in 2018. During the last 5 years the exports of Gabon to Venezuela have decreased at an annualized rate of 43.4%, from $18.7k in 2013 to $1.09k in 2018.

In 2016, Venezuela exported $13.9k to Gabon. There were not main exports from Venezuela to Gabon in 2016. During the last 5 years the exports of Venezuela to Gabon have increased at an annualized rate of 50.4%, from $1.81k in 2021 to $13.9k in 2016.

Exports from Gabon () to Venezuela () (2021)

Exports from Venezuela () to Gabon () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gabon
Top DestinationChina$3.4B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Gabon than Venezuela included China ($3.4B), South Korea ($617M), and Italy ($576M).

In 2022, countries that imported more from Venezuela than Gabon included Turkey ($597M), Brazil ($361M), and Spain ($518M).

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

Comparative Advantage Gabon - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Gabon had a large net trade with Venezuela in the exports of .

During 2016, Venezuela had a large net trade with Gabon 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 Gabon and Venezuela. This means that a dot/product with the flag of Gabon indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Gabon.

About

Historical Data

Bilateral Trade by Products

Exports from Gabon () to Venezuela () (2021)

Exports from Venezuela () to Gabon () (2021)

Market Competitiveness

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

Comparative Advantage Gabon - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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