Venezuela (VEN) and Zimbabwe (ZWE) Trade | The Observatory of Economic Complexity

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Venezuela-Zimbabwe Trade: In 2017, Venezuela exported $322 to Zimbabwe. The main products that Venezuela exported to Zimbabwe were N/A. Over the past 8 years the exports of Venezuela to Zimbabwe have decreased at an annualized rate of 56.2%, from $236k in 2009 to $322 in 2017.

In 2017, Venezuela did not export any services to Zimbabwe.

Zimbabwe-Venezuela Trade: In 2017, Zimbabwe exported $104k to Venezuela. The main products that Zimbabwe exported to Venezuela were N/A. Over the past 8 years the exports of Zimbabwe to Venezuela have increased at an annualized rate of 13.5%, from $37.8k in 2009 to $104k in 2017.

In 2017, Zimbabwe 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, Zimbabwe ranked 99 in the Economic Complexity Index (ECI -0.74), and 109 in total exports ($8.41B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2017, Venezuela exported $322 to Zimbabwe. There were not main exports from Venezuela to Zimbabwe in 2017. During the last 8 years the exports of Venezuela to Zimbabwe have decreased at an annualized rate of 56.2%, from $236k in 2009 to $322 in 2017.

In 2007, Zimbabwe exported $104k to Venezuela. There were not main exports from Zimbabwe to Venezuela in 2007. During the last 5 years the exports of Zimbabwe to Venezuela have increased at an annualized rate of 13.5%, from $37.8k in 2012 to $104k in 2007.

Exports from Venezuela () to Zimbabwe () (2017)

Exports from Zimbabwe () to Venezuela () (2017)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Zimbabwe
Top DestinationUnited Arab Emirates$4.78B

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

In 2022, countries that imported more from Venezuela than Zimbabwe included Turkey ($597M), Spain ($518M), and Brazil ($361M).

In 2022, countries that imported more from Zimbabwe than Venezuela included United Arab Emirates ($4.78B), South Africa ($1.47B), and Belgium ($297M).

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

Comparative Advantage Venezuela - Zimbabwe

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Venezuela had a large net trade with Zimbabwe in the exports of .

During 2007, Zimbabwe had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Zimbabwe () (2017)

Exports from Zimbabwe () to Venezuela () (2017)

Market Competitiveness

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

Comparative Advantage Venezuela - Zimbabwe

Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Zimbabwe () (2017)

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