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Venezuela Trade Summary

1997

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 1997

Overall Exports and Imports for Venezuela 1997

Exports and imports of Venezuela in 1997 are below, along with number of countries and products

  • The total value of exports (FoB) was 22,890 million.
  • The total value of imports (CIF) was 13,159 million.
  • At the HS6 digit level, 2,953 products were exported to 105 countries and 4,625 products were imported from 116 countries.

Venezuela top 5 Export and Import partners 1997

Top five countries to which Venezuela exported in 1997 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to United States worth US$ 13,041 million, with a partner share of 56.97 percent.
  2. Venezuela exports to Colombia worth US$ 1,340 million, with a partner share of 5.85 percent.
  3. Venezuela exports to Netherlands Antilles worth US$ 1,093 million, with a partner share of 4.78 percent.
  4. Venezuela exports to Brazil worth US$ 969 million, with a partner share of 4.23 percent.
  5. Venezuela exports to Unspecified worth US$ 788 million, with a partner share of 3.44 percent.

Top five countries from which Venezuela imported goods in 1997 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 5,982 million, with a partner share of 45.46 percent.
  2. Venezuela imports from Colombia worth US$ 863 million, with a partner share of 6.56 percent.
  3. Venezuela imports from Brazil worth US$ 628 million, with a partner share of 4.77 percent.
  4. Venezuela imports from Japan worth US$ 592 million, with a partner share of 4.50 percent.
  5. Venezuela imports from Germany worth US$ 544 million, with a partner share of 4.13 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 1997

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 US$ 12,176,776.19 million.
  2. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 5,773,058.56 million.
  3. Venezuela exported Aluminium unwrought, not alloyed , worth US$ 422,085.09 million.
  4. Venezuela exported Non-agglomerated iron ores and concentrates , worth US$ 168,133.58 million.
  5. Venezuela exported Automobiles with reciprocating piston engine di , worth US$ 162,906.82 million.

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

  1. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 449,326.21 million.
  2. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 336,259.97 million.
  3. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 241,277.89 million.
  4. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth US$ 219,795.68 million.
  5. Venezuela imported Gas powered trucks with a GVW not exceeding fiv , worth US$ 204,722.51 million.

Exports and Imports of Product Groups 1997

Exports and imports of products by stages of processing in 1997 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1997

Tariffs imposed by Venezuela in 1997 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 12.82 percent.
  • The trade weighted average tariff was 13.40 .
  • The total duty free imports in thousands of US dollars were 234,391.12 and duty free tariff line items share was 0.41 percent.

Development Indicators 1997

Key Development Indicators of Venezuela in 1997 are below

  • Venezuela GDP in current US dollar was 85,838 million.
  • GNI per capita, Atlas method (current US$) was 3,440.00 .
  • Venezuela Trade balance: as % of GDP was 7.27.
  • Trade balance in current US$ was 6,243.00 million.
  • Trade as percentage of GDP was 51.25 .
  • Trade in services as percentage of GDP was 6.12 .

Trade Indicators 1997

Trade Indicators for Venezuela in 1997 are below

  • Hirschman Herfindahl market concentration index was 0.38.
  • Index of export market penetration was 3.08.
  • World Growth in percentage was 3.05 and Venezuela Country Growth was 3.58 .