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Pricing

2022
Flag → Flag
Exports $19.1kRnk 141 / 164
2022
Flag → Flag
Top Product $19.1kSawn Wood
2022
Flag → Flag
Exports $35.3kRnk 99 / 126
2022
Flag → Flag
Top Product $16.5kAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 116 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$75.7BCURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP GROWTH90.9%CURRENT US$
Rnk 18 / 186
2022
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GDP PC $1,192CURRENT US$
Rnk 163 / 186
2012-2022
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GDP PC GROWTH39.5%CURRENT US$
Rnk 49 / 186

About

Tanzania-Venezuela Trade: In 2022, Tanzania exported $19.1k to Venezuela. The main products that Tanzania exported to Venezuela were Sawn Wood ($19.1k). Over the past 12 years the exports of Tanzania to Venezuela have decreased at an annualized rate of 15.5%, from $144k in 2010 to $19.1k in 2022.

In 2022, Tanzania did not export any services to Venezuela.

Venezuela-Tanzania Trade: In 2022, Venezuela exported $35.3k to Tanzania. The main products that Venezuela exported to Tanzania were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($16.5k), Office Machine Parts ($16.4k), and Hard Liquor ($1.82k). Over the past 12 years the exports of Venezuela to Tanzania have increased at an annualized rate of 223%,  from $100 in 2010 to $35.3k in 2022.

In 2022, Venezuela did not export any services to Tanzania.

Comparison: In 2022,  Tanzania ranked 116 in the Economic Complexity Index (ECI -1.08), and 104 in total exports ($10B). 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
Value

In 2022, Tanzania exported $19.1k to Venezuela. The main products exported from Tanzania to Venezuela were Sawn Wood ($19.1k). During the last 12 years the exports of Tanzania to Venezuela have decreased at an annualized rate of 15.5%, from $144k in 2010 to $19.1k in 2022.

In 2017, Venezuela exported $35.3k to Tanzania. The main products exported from Venezuela to Tanzania were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($16.5k), Office Machine Parts ($16.4k), and Hard Liquor ($1.82k). During the last 5 years the exports of Venezuela to Tanzania have increased at an annualized rate of 223%, from $100 in 2022 to $35.3k in 2017.

Exports from Tanzania (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Tanzania (Flag) (2022)

Market Competitiveness

Color
Tanzania
Top DestinationIndia$2.73B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Tanzania than Venezuela included India ($2.73B), United Arab Emirates ($1.07B), and South Africa ($939M).

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

Difference in imports from Venezuela (Flag) and Tanzania (Flag) (2022)

Comparative Advantage Tanzania - Venezuela

Flow
Scale

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

During 2022, Tanzania had a large net trade with Venezuela in the exports of Wood Products ($19.1k).

During 2017, Venezuela had a large net trade with Tanzania in the exports of Chemical Products ($16.5k), Machines ($16.4k), and Foodstuffs ($1.82k).

Economic Complexity

Competitive Landscape

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

Product Space of Tanzania (Flag) and Venezuela (Flag) (2022)

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