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2023
Flag → Flag
Exports $160kRnk 82 / 122
2023
Flag → Flag
Top Product $61.6kDental Products
2023
Flag → Flag
Exports $347kRnk 100 / 156
2023
Flag → Flag
Top Product $211kSoups and Broths
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.51Rnk 87 / 132
2023
Flag
 GDP$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP GROWTH63.1%CURRENT US$
Rnk 46 / 195
2023
Flag
GDP PC$1,706CURRENT US$
Rnk 162 / 196
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 92 / 195

About

Venezuela-Senegal Trade: In 2023, Venezuela exported $160k to Senegal. The main products that Venezuela exported to Senegal were Dental Products ($61.6k), Instructional Models ($50.5k), and Rice ($43k). Over the past 5 years the exports of Venezuela to Senegal have increased at an annualized rate of 46.8%, from $23.5k in 2018 to $160k in 2023.

In 2023, Venezuela did not export any services to Senegal.

Senegal-Venezuela Trade: In 2023, Senegal exported $347k to Venezuela. The main products that Senegal exported to Venezuela were Soups and Broths ($211k), Coconuts, Brazil Nuts, and Cashews ($91k), and Sauces and Seasonings ($36.5k). Over the past 5 years the exports of Senegal to Venezuela have increased at an annualized rate of 34.2%,  from $44.3k in 2018 to $347k in 2023.

In 2023, Senegal did not export any services to Venezuela.

Comparison: In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Venezuela exported $160k to Senegal. The main products exported from Venezuela to Senegal were Dental Products ($61.6k), Instructional Models ($50.5k), and Rice ($43k). During the last 5 years the exports of Venezuela to Senegal have increased at an annualized rate of 46.8%, from $23.5k in 2018 to $160k in 2023.

In 2018, Senegal exported $347k to Venezuela. The main products exported from Senegal to Venezuela were Soups and Broths ($211k), Coconuts, Brazil Nuts, and Cashews ($91k), and Sauces and Seasonings ($36.5k). During the last 5 years the exports of Senegal to Venezuela have increased at an annualized rate of 34.2%, from $44.3k in 2023 to $347k in 2018.

Exports from Venezuela (Flag) to Senegal (Flag) (2023)

Exports from Senegal (Flag) to Venezuela (Flag) (2023)

Latest Data

Trade between Venezuela (Flag) and Senegal (Flag)

Senegal Exports

Market Competitiveness

Color
Venezuela
Top DestinationUnited States$3.81B
Senegal
Top DestinationMali$1.22B

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 2023, countries that imported more from Venezuela than Senegal included United States ($3.81B), Spain ($670M), and Brazil ($468M).

In 2023, countries that imported more from Senegal than Venezuela included Mali ($1.22B), Switzerland ($625M), and India ($681M).

Difference in imports from Senegal (Flag) and Venezuela (Flag) (2023)

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 2023, Venezuela had a large net trade with Senegal in the exports of Chemical Products ($61.6k), Instruments ($53.8k), and Vegetable Products ($43k).

During 2018, Senegal had a large net trade with Venezuela in the exports of Foodstuffs ($252k), Vegetable Products ($91k), and Animal Products ($4.07k).

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) (2023)

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