NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $505kRnk 132 / 187
2023
Flag → Flag
Top Product $124kMedical Instruments
2023
Flag → Flag
Exports $11.8kRnk 105 / 122
2023
Flag → Flag
Top Product $6.45kMedical Instruments
2023
Flag
Economic Complexity (ECI) ECI -0.47Rnk 86 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$108BCURRENT US$
Rnk 67 / 195
2013-2023
Flag
GDP GROWTH75.2%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC $1,952CURRENT US$
Rnk 160 / 195
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 57 / 195

About

Kenya-Venezuela Trade: In 2023, Kenya exported $505k to Venezuela. The main products that Kenya exported to Venezuela were Medical Instruments ($124k), Bandages ($98.4k), and Rubber Apparel ($77.4k). Over the past 5 years the exports of Kenya to Venezuela have decreased at an annualized rate of 55.9%, from $30.3M in 2018 to $505k in 2023.

In 2023, Kenya did not export any services to Venezuela.

Venezuela-Kenya Trade: In 2023, Venezuela exported $11.8k to Kenya. The main products that Venezuela exported to Kenya were Medical Instruments ($6.45k), Aircraft parts (gliders, balloons, and powered aircraft) ($2.69k), and Hard Liquor ($2.05k). Over the past 5 years the exports of Venezuela to Kenya have increased at an annualized rate of 174%,  from $76 in 2018 to $11.8k in 2023.

In 2023, Venezuela did not export any services to Kenya.

Comparison: In 2023,  Kenya ranked 86 in the Economic Complexity Index (ECI -0.47), and 109 in total exports ($8.59B). 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 2023, Kenya exported $505k to Venezuela. The main products exported from Kenya to Venezuela were Medical Instruments ($124k), Bandages ($98.4k), and Rubber Apparel ($77.4k). During the last 5 years the exports of Kenya to Venezuela have decreased at an annualized rate of 55.9%, from $30.3M in 2018 to $505k in 2023.

In 2018, Venezuela exported $11.8k to Kenya. The main products exported from Venezuela to Kenya were Medical Instruments ($6.45k), Aircraft parts (gliders, balloons, and powered aircraft) ($2.69k), and Hard Liquor ($2.05k). During the last 5 years the exports of Venezuela to Kenya have increased at an annualized rate of 174%, from $76 in 2023 to $11.8k in 2018.

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

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

Latest Data

Trade between Kenya (Flag) and Venezuela (Flag)

Kenya Exports

Market Competitiveness

Color
Kenya
Top DestinationUganda$893M
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Kenya than Venezuela included Uganda ($893M), United Arab Emirates ($716M), and Netherlands ($706M).

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

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

Comparative Advantage Kenya - Venezuela

Flow
Scale

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

During 2023, Kenya had a large net trade with Venezuela in the exports of Chemical Products ($194k), Instruments ($176k), and Plastics and Rubbers ($77.6k).

During 2018, Venezuela had a large net trade with Kenya in the exports of Instruments ($6.6k), Transportation ($2.69k), and Foodstuffs ($2.05k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

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