Venezuela (VEN) and Rwanda (RWA) Trade | The Observatory of Economic Complexity

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Venezuela-Rwanda Trade: In 2022, Venezuela exported $6.17k to Rwanda. The main products that Venezuela exported to Rwanda were Cutlery Sets ($1.99k), Broadcasting Equipment ($1.52k), and Base Metal Watches ($885). Over the past 12 years the exports of Venezuela to Rwanda have increased at an annualized rate of 29.2%, from $284 in 2010 to $6.17k in 2022.

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

Rwanda-Venezuela In N/A, Rwanda did not export any products to Venezuela.

In 2022, Rwanda 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, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $6.17k to Rwanda. The main products exported from Venezuela to Rwanda were Cutlery Sets ($1.99k), Broadcasting Equipment ($1.52k), and Base Metal Watches ($885). During the last 12 years the exports of Venezuela to Rwanda have increased at an annualized rate of 29.2%, from $284 in 2010 to $6.17k in 2022.

Rwanda does not register exports to Venezuela.

Exports from Venezuela () to Rwanda () (2022)

Exports from Rwanda () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Rwanda ()

Rwanda Exports

Date

Dec 2015

Oct 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Rwanda
Top DestinationUnited Arab Emirates$568M

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

In 2022, countries that imported more from Venezuela than Rwanda included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from Rwanda than Venezuela included United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), and Thailand ($83.9M).

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

Comparative Advantage Venezuela - Rwanda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Rwanda in the exports of Metals ($2.91k), Machines ($2.25k), and Instruments ($885).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Rwanda () (2022)

Exports from Rwanda () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Rwanda ()

Rwanda Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Rwanda

Economic Complexity

Competitive Landscape

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

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