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Venezuela Trade Summary

1998

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 1998

Overall Exports and Imports for Venezuela 1998

Exports and imports of Venezuela in 1998 are below, along with number of countries and products

  • The total value of exports (FoB) was 17,054 million.
  • The total value of imports (CIF) was 14,250 million.
  • At the HS6 digit level, 2,798 products were exported to 100 countries and 4,634 products were imported from 122 countries.

Venezuela top 5 Export and Import partners 1998

Top five countries to which Venezuela exported in 1998 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to United States worth US$ 8,775 million, with a partner share of 51.46 percent.
  2. Venezuela exports to Colombia worth US$ 1,432 million, with a partner share of 8.40 percent.
  3. Venezuela exports to Netherlands Antilles worth US$ 1,034 million, with a partner share of 6.06 percent.
  4. Venezuela exports to Brazil worth US$ 661 million, with a partner share of 3.88 percent.
  5. Venezuela exports to Cuba worth US$ 433 million, with a partner share of 2.54 percent.

Top five countries from which Venezuela imported goods in 1998 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 6,199 million, with a partner share of 43.50 percent.
  2. Venezuela imports from Colombia worth US$ 794 million, with a partner share of 5.57 percent.
  3. Venezuela imports from Germany worth US$ 686 million, with a partner share of 4.81 percent.
  4. Venezuela imports from Japan worth US$ 660 million, with a partner share of 4.63 percent.
  5. Venezuela imports from Brazil worth US$ 620 million, with a partner share of 4.35 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 1998

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$ 7,788,052.99 million.
  2. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 4,110,971.14 million.
  3. Venezuela exported Aluminium unwrought, not alloyed , worth US$ 380,024.90 million.
  4. Venezuela exported Gold in unwrought forms non-monetary , worth US$ 256,506.74 million.
  5. Venezuela exported Non-agglomerated iron ores and concentrates , worth US$ 197,010.96 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$ 473,128.38 million.
  2. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth US$ 312,300.35 million.
  3. Venezuela imported Machinery, plant or laboratory equip for treat , worth US$ 303,442.82 million.
  4. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 287,166.88 million.
  5. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 214,716.94 million.

Exports and Imports of Product Groups 1998

Exports and imports of products by stages of processing in 1998 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1998

Tariffs imposed by Venezuela in 1998 are below

  • The maximum rate of tariff in percentage on any product was 111.75 percent.
  • The simple average tariff across all products was 13 percent.
  • The trade weighted average tariff was 13.69 .
  • The total duty free imports in thousands of US dollars were 238,875.32 and duty free tariff line items share was 0.48 percent.

Development Indicators 1998

Key Development Indicators of Venezuela in 1998 are below

  • Venezuela GDP in current US dollar was 91,337 million.
  • GNI per capita, Atlas method (current US$) was 3,390.00 .
  • Venezuela Trade balance: as % of GDP was -1.76.
  • Trade balance in current US$ was -1,606.00 million.
  • Trade as percentage of GDP was 43.60 .
  • Trade in services as percentage of GDP was 6.17 .

Trade Indicators 1998

Trade Indicators for Venezuela in 1998 are below

  • Hirschman Herfindahl market concentration index was 0.35.
  • Index of export market penetration was 3.03.
  • World Growth in percentage was -0.47 and Venezuela Country Growth was -14.34 .