Venezuela (VEN) and Tanzania (TZA) Trade | The Observatory of Economic Complexity

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Venezuela-Tanzania Trade: In 2023, Venezuela exported $336k to Tanzania. The main products that Venezuela exported to Tanzania were Electric Generating Sets ($333k), Hard Liquor ($2.12k), and Aircraft parts (gliders, balloons, and powered aircraft) ($1.75k). Over the past 6 years the exports of Venezuela to Tanzania have increased at an annualized rate of 287%, from $100 in 2017 to $336k in 2023.

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

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

In 2023, Tanzania 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, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.13), and 99 in total exports ($11.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Venezuela exported $336k to Tanzania. The main products exported from Venezuela to Tanzania were Electric Generating Sets ($333k), Hard Liquor ($2.12k), and Aircraft parts (gliders, balloons, and powered aircraft) ($1.75k). During the last 6 years the exports of Venezuela to Tanzania have increased at an annualized rate of 287%, from $100 in 2017 to $336k in 2023.

Tanzania does not register exports to Venezuela. The main products exported from Tanzania to Venezuela were Fish Fillets ($137k).

Exports from Venezuela () to Tanzania () (2023)

Exports from Tanzania () to Venezuela () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationUnited States$3.81B

Tanzania
Top DestinationIndia$1.74B

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

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

In 2023, countries that imported more from Tanzania than Venezuela included United Arab Emirates ($1.62B), India ($1.74B), and Uganda ($1.35B).

Difference in imports from Tanzania () and Venezuela () (2023)

Comparative Advantage Venezuela - Tanzania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Venezuela had a large net trade with Tanzania in the exports of Machines ($333k), Foodstuffs ($2.12k), and Transportation ($1.75k).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Tanzania () (2023)

Exports from Tanzania () to Venezuela () (2023)

Market Competitiveness

Difference in imports from Tanzania () and Venezuela () (2023)

Comparative Advantage Venezuela - Tanzania

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Tanzania () (2023)

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