diff --git a/pkgs/development/python-modules/opentelemetry-api/default.nix b/pkgs/development/python-modules/opentelemetry-api/default.nix
index 3917aa40b932..d07e04b57065 100644
--- a/pkgs/development/python-modules/opentelemetry-api/default.nix
+++ b/pkgs/development/python-modules/opentelemetry-api/default.nix
@@ -6,6 +6,7 @@
   deprecated,
   hatchling,
   importlib-metadata,
+  typing-extensions,
   opentelemetry-test-utils,
   pytestCheckHook,
   writeScript,
@@ -14,7 +15,7 @@
 let
   self = buildPythonPackage rec {
     pname = "opentelemetry-api";
-    version = "1.31.1";
+    version = "1.34.0";
     pyproject = true;
 
     disabled = pythonOlder "3.8";
@@ -24,7 +25,7 @@ let
       owner = "open-telemetry";
       repo = "opentelemetry-python";
       tag = "v${version}";
-      hash = "sha256-/HXPZLcTDTGnwOMt+IfmlMCua75oEzj99u6i9s+nBwI=";
+      hash = "sha256-fAXcS2VyDMk+UDW3ru5ZvwzXjydsY1uFcT2GvZuiGWw=";
     };
 
     sourceRoot = "${src.name}/opentelemetry-api";
@@ -34,6 +35,7 @@ let
     dependencies = [
       deprecated
       importlib-metadata
+      typing-extensions
     ];
 
     pythonRelaxDeps = [ "importlib-metadata" ];