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Venezuela Trade Summary

1994

Venezuela exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR VENEZUELA 1994

Overall Exports and Imports for Venezuela 1994

Exports and imports of Venezuela in 1994 are below, along with number of countries and products

  • The total value of exports (FoB) was 16,650 million.
  • The total value of imports (CIF) was 8,037 million.
  • At the HS6 digit level, 3,074 products were exported to 98 countries and 4,493 products were imported from 109 countries.

Venezuela top 5 Export and Import partners 1994

Top five countries to which Venezuela exported in 1994 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to United States worth US$ 8,649 million, with a partner share of 51.95 percent.
  2. Venezuela exports to Colombia worth US$ 1,175 million, with a partner share of 7.06 percent.
  3. Venezuela exports to Netherlands Antilles worth US$ 1,051 million, with a partner share of 6.31 percent.
  4. Venezuela exports to Suriname worth US$ 888 million, with a partner share of 5.34 percent.
  5. Venezuela exports to Brazil worth US$ 568 million, with a partner share of 3.41 percent.

Top five countries from which Venezuela imported goods in 1994 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 3,704 million, with a partner share of 46.09 percent.
  2. Venezuela imports from Japan worth US$ 450 million, with a partner share of 5.60 percent.
  3. Venezuela imports from Germany worth US$ 445 million, with a partner share of 5.54 percent.
  4. Venezuela imports from Colombia worth US$ 401 million, with a partner share of 4.99 percent.
  5. Venezuela imports from Italy worth US$ 299 million, with a partner share of 3.72 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 1994

The top five exported HS 6 digit level products to world by Venezuela along with trade value are:

  1. Venezuela exported Petroleum oils and oils obtained from bituminou , worth 8,004,329.98 (US$ Thousands).
  2. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth 4,523,452.42 (US$ Thousands).
  3. Venezuela exported Aluminium unwrought, not alloyed , worth 538,394.82 (US$ Thousands).
  4. Venezuela exported Gold in unwrought forms non-monetary , worth 272,407.33 (US$ Thousands).
  5. Venezuela exported Automobiles with reciprocating piston engine di , worth 126,167.15 (US$ Thousands).

The top five imported HS 6 digit level products from world by Venezuela along with trade value are

  1. Venezuela imported Machinery, plant or laboratory equip for treat , worth 248,267.01 (US$ Thousands).
  2. Venezuela imported Automobiles with reciprocating piston engine di , worth 241,761.86 (US$ Thousands).
  3. Venezuela imported Automobiles with reciprocating piston engine di , worth 183,313.47 (US$ Thousands).
  4. Venezuela imported Floating or submersible drilling or production , worth 180,680.83 (US$ Thousands).
  5. Venezuela imported Maize (excl. seed) , worth 106,671.57 (US$ Thousands).

Exports and Imports of Product Groups 1994

Exports and imports of products by stages of processing in 1994 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1994

Tariffs imposed by Venezuela in 1994 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 1994

Key Development Indicators of Venezuela in 1994 are below

  • Venezuela GDP in current US dollar was 58,419 million.
  • GNI per capita, Atlas method (current US$) was 2,720.00 .
  • Venezuela Trade balance: as % of GDP was 8.29.
  • Trade balance in current US$ was 4,841.00 million.
  • Trade as percentage of GDP was 51.44 .
  • Trade in services as percentage of GDP was 10.81 .

Trade Indicators 1994

Trade Indicators for Venezuela in 1994 are below

  • Hirschman Herfindahl market concentration index was 0.38.
  • Index of export market penetration was 2.81.
  • World Growth in percentage was 15.29 and Venezuela Country Growth was 5.91 .