Tanzania (TZA) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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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 Alcohols ($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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 Alcohols ($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 () to Venezuela () (2022)

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Tanzania () (2022)

Comparative Advantage Tanzania - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

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 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.

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Tanzania - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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