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2022
Flag → Flag
Exports $299kRnk 74 / 126
2022
Flag → Flag
Top Product $222kTelephones
2022
Flag → Flag
Exports $139kRnk 117 / 160
2022
Flag → Flag
Top Product $71.4kSoups and Broths
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag
 GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
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GDP GROWTH56.8%CURRENT US$
Rnk 44 / 186
2022
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GDP PC$1,599CURRENT US$
Rnk 154 / 186
2012-2022
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GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

Venezuela-Senegal Trade: In 2022, Venezuela exported $299k to Senegal. The main products that Venezuela exported to Senegal were Telephones ($222k), Instructional Models ($45.1k), and Flavored Water ($8.06k). Over the past 5 years the exports of Venezuela to Senegal have decreased at an annualized rate of 41.3%, from $4.27M in 2017 to $299k in 2022.

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

Senegal-Venezuela Trade: In 2022, Senegal exported $139k to Venezuela. The main products that Senegal exported to Venezuela were Soups and Broths ($71.4k), Sauces and Seasonings ($56.7k), and Concentrated Milk ($6.25k). Over the past 5 years the exports of Senegal to Venezuela have increased at an annualized rate of 1.26%,  from $130k in 2017 to $139k in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $299k to Senegal. The main products exported from Venezuela to Senegal were Telephones ($222k), Instructional Models ($45.1k), and Flavored Water ($8.06k). During the last 5 years the exports of Venezuela to Senegal have decreased at an annualized rate of 41.3%, from $4.27M in 2017 to $299k in 2022.

In 2017, Senegal exported $139k to Venezuela. The main products exported from Senegal to Venezuela were Soups and Broths ($71.4k), Sauces and Seasonings ($56.7k), and Concentrated Milk ($6.25k). During the last 5 years the exports of Senegal to Venezuela have increased at an annualized rate of 1.26%, from $130k in 2022 to $139k in 2017.

Exports from Venezuela (Flag) to Senegal (Flag) (2022)

Exports from Senegal (Flag) to Venezuela (Flag) (2022)

Latest Data

Trade between Venezuela (Flag) and Senegal (Flag)

Senegal Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Senegal
Top DestinationMali$1.13B

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

In 2022, countries that imported more from Venezuela than Senegal included Turkey ($597M), China ($703M), and Brazil ($361M).

In 2022, countries that imported more from Senegal than Venezuela included Mali ($1.13B), India ($1B), and Switzerland ($662M).

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

Comparative Advantage Venezuela - Senegal

Flow
Scale

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

During 2022, Venezuela had a large net trade with Senegal in the exports of Machines ($239k), Instruments ($45.1k), and Foodstuffs ($8.06k).

During 2017, Senegal had a large net trade with Venezuela in the exports of Foodstuffs ($132k) and Animal Products ($6.25k).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Senegal (Flag) (2022)

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