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2018
Flag → Flag
Exports $1.09kRnk 4 / 0
2018
Flag → Flag
Exports $67kRnk 90 / 122
2018
Flag → Flag
Top Product $37.4kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI -0.62Rnk 92 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$19.4BCURRENT US$
Rnk 126 / 195
2013-2023
Flag
GDP GROWTH10.2%CURRENT US$
Rnk 155 / 195
2023
Flag
GDP PC $7,803CURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP PC GROWTH-15.2%CURRENT US$
Rnk 172 / 195

About

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 $67k to Gabon. The main products that Venezuela exported to Gabon were Motor vehicles; parts and accessories (8701 to 8705) ($37.4k), Other Rubber Products ($11.4k), and Hard Liquor ($9.6k). Over the past 5 years the exports of Venezuela to Gabon have increased at an annualized rate of 57.7%,  from $6.87k in 2013 to $67k in 2018.

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

Comparison: In 2023,  Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B). 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 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 2018, Venezuela exported $67k to Gabon. The main products exported from Venezuela to Gabon were Motor vehicles; parts and accessories (8701 to 8705) ($37.4k), Other Rubber Products ($11.4k), and Hard Liquor ($9.6k). During the last 5 years the exports of Venezuela to Gabon have increased at an annualized rate of 57.7%, from $6.87k in 2023 to $67k in 2018.

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

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

Market Competitiveness

Color
Gabon
Top DestinationChina$2.77B
Venezuela
Top DestinationUnited States$3.81B

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 2023, countries that imported more from Gabon than Venezuela included China ($2.77B), Indonesia ($875M), and Israel ($680M).

In 2023, countries that imported more from Venezuela than Gabon included United States ($3.81B), Turkey ($364M), and Colombia ($131M).

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

Comparative Advantage Gabon - Venezuela

Flow
Scale

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 2018, Venezuela had a large net trade with Gabon in the exports of Transportation ($37.4k), Plastics and Rubbers ($14.1k), and Foodstuffs ($9.6k).

Economic Complexity

Competitive Landscape

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.

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

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