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Flag → Flag
Exports $9.94MRnk 34 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133

About

In N/A, Venezuela did not export any services to Eritrea.

Eritrea-Venezuela Trade: In N/A, Eritrea exported $9.94M to Venezuela. The main products that Eritrea exported to Venezuela were N/A. Over the past N/A years the exports of Eritrea to Venezuela have increased at an annualized rate of 453%,  from $1.93k in N/A to $9.94M in N/A.

In N/A, Eritrea 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, Eritrea ranked 163 in total exports ($789M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Venezuela does not register exports to Eritrea.

In 2008, Eritrea exported $9.94M to Venezuela. There were not main exports from Eritrea to Venezuela in 2008. During the last 5 years the exports of Eritrea to Venezuela have increased at an annualized rate of 453%, from $1.93k in 2013 to $9.94M in 2008.

Exports from Venezuela (Flag) to Eritrea (Flag) (2013)

Exports from Eritrea (Flag) to Venezuela (Flag) (2013)

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Eritrea
Top DestinationChina$412M

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

In 2022, countries that imported more from Venezuela than Eritrea included Turkey ($597M), Spain ($518M), and United States ($438M).

In 2022, countries that imported more from Eritrea than Venezuela included United Arab Emirates ($263M), South Korea ($74.3M), and Madagascar ($14.9M).

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

Comparative Advantage Venezuela - Eritrea

Flow
Scale

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

During 2008, Eritrea had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Eritrea (Flag) (2013)

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