Venezuela (VEN) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Venezuela-Angola Trade: In 2022, Venezuela exported $67.8k to Angola. The main products that Venezuela exported to Angola were Cleaning Products ($40.4k), Non-fillet Frozen Fish ($17.7k), and Machinery Having Individual Functions ($4.78k). Over the past 5 years the exports of Venezuela to Angola have decreased at an annualized rate of 57.9%, from $5.14M in 2017 to $67.8k in 2022.

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

Angola-Venezuela Trade: In 2022, Angola exported $129k to Venezuela. The main products that Angola exported to Venezuela were N/A. Over the past 5 years the exports of Angola to Venezuela have increased at an annualized rate of 12.6%, from $71.5k in 2017 to $129k in 2022.

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

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $67.8k to Angola. The main products exported from Venezuela to Angola were Cleaning Products ($40.4k), Non-fillet Frozen Fish ($17.7k), and Machinery Having Individual Functions ($4.78k). During the last 5 years the exports of Venezuela to Angola have decreased at an annualized rate of 57.9%, from $5.14M in 2017 to $67.8k in 2022.

In 2016, Angola exported $129k to Venezuela. There were not main exports from Angola to Venezuela in 2016. During the last 5 years the exports of Angola to Venezuela have increased at an annualized rate of 12.6%, from $71.5k in 2021 to $129k in 2016.

Exports from Venezuela () to Angola () (2022)

Exports from Angola () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Angola ()

Angola Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Angola
Top DestinationChina$21.8B

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

In 2022, countries that imported more from Venezuela than Angola included Turkey ($597M), Lebanon ($150M), and Colombia ($99.8M).

In 2022, countries that imported more from Angola than Venezuela included China ($21.8B), India ($4.81B), and Netherlands ($3.91B).

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

Comparative Advantage Venezuela - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Angola in the exports of Chemical Products ($40.4k), Animal Products ($17.7k), and Machines ($4.78k).

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Angola () (2022)

Exports from Angola () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Angola ()

Angola Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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