Venezuela (VEN) and Equatorial Guinea (GNQ) Trade | The Observatory of Economic Complexity

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Venezuela-Equatorial Guinea Trade: In 2011, Venezuela exported $600 to Equatorial Guinea. The main products that Venezuela exported to Equatorial Guinea were N/A. Over the past 13 years the exports of Venezuela to Equatorial Guinea have decreased at an annualized rate of 16%, from $5.75k in 1998 to $600 in 2011.

In 2011, Venezuela did not export any services to Equatorial Guinea.

Equatorial Guinea-Venezuela Trade: In 2011, Equatorial Guinea exported $5.83k to Venezuela. The main products that Equatorial Guinea exported to Venezuela were N/A. Over the past 13 years the exports of Equatorial Guinea to Venezuela have increased at an annualized rate of 26.4%, from $1.81k in 1998 to $5.83k in 2011.

In 2011, Equatorial Guinea 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, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2011, Venezuela exported $600 to Equatorial Guinea. There were not main exports from Venezuela to Equatorial Guinea in 2011. During the last 13 years the exports of Venezuela to Equatorial Guinea have decreased at an annualized rate of 16%, from $5.75k in 1998 to $600 in 2011.

In 2005, Equatorial Guinea exported $5.83k to Venezuela. There were not main exports from Equatorial Guinea to Venezuela in 2005. During the last 5 years the exports of Equatorial Guinea to Venezuela have increased at an annualized rate of 26.4%, from $1.81k in 2010 to $5.83k in 2005.

Exports from Venezuela () to Equatorial Guinea () (2011)

Exports from Equatorial Guinea () to Venezuela () (2011)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Equatorial Guinea
Top DestinationZambia$1.84B

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

In 2022, countries that imported more from Venezuela than Equatorial Guinea included Turkey ($597M), Brazil ($361M), and United States ($438M).

In 2022, countries that imported more from Equatorial Guinea than Venezuela included Zambia ($1.84B), Spain ($1.32B), and India ($855M).

Difference in imports from Equatorial Guinea () and Venezuela () (2022)

Comparative Advantage Venezuela - Equatorial Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2011, Venezuela had a large net trade with Equatorial Guinea in the exports of .

During 2005, Equatorial Guinea 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 Equatorial Guinea. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Equatorial Guinea. Similarly, a dot/product with the flag of Equatorial Guinea indicates it has a comparative advantage over Venezuela.

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Equatorial Guinea () (2011)

Exports from Equatorial Guinea () to Venezuela () (2011)

Market Competitiveness

Difference in imports from Equatorial Guinea () and Venezuela () (2022)

Comparative Advantage Venezuela - Equatorial Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Equatorial Guinea () (2011)

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