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Venezuela Trade Summary

1999

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 1999

Overall Exports and Imports for Venezuela 1999

Exports and imports of Venezuela in 1999 are below, along with number of countries and products

  • The total value of exports (FoB) was 20,076 million.
  • The total value of imports (CIF) was 13,554 million.
  • At the HS6 digit level, 2,667 products were exported to 98 countries and 4,655 products were imported from 125 countries.

Venezuela top 5 Export and Import partners 1999

Top five countries to which Venezuela exported in 1999 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to United States worth US$ 11,235 million, with a partner share of 55.96 percent.
  2. Venezuela exports to Netherlands Antilles worth US$ 1,418 million, with a partner share of 7.07 percent.
  3. Venezuela exports to Unspecified worth US$ 1,200 million, with a partner share of 5.98 percent.
  4. Venezuela exports to Brazil worth US$ 818 million, with a partner share of 4.08 percent.
  5. Venezuela exports to Colombia worth US$ 789 million, with a partner share of 3.93 percent.

Top five countries from which Venezuela imported goods in 1999 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 5,222 million, with a partner share of 38.53 percent.
  2. Venezuela imports from Italy worth US$ 1,523 million, with a partner share of 11.24 percent.
  3. Venezuela imports from Colombia worth US$ 738 million, with a partner share of 5.45 percent.
  4. Venezuela imports from Germany worth US$ 615 million, with a partner share of 4.53 percent.
  5. Venezuela imports from Mexico worth US$ 497 million, with a partner share of 3.67 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 1999

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$ 10,775,322.62 million.
  2. Venezuela exported Aluminium unwrought, not alloyed , worth US$ 425,319.17 million.
  3. Venezuela exported Ferrous products obtained by direct reduction o , worth US$ 213,850.03 million.
  4. Venezuela exported Aluminium unwrought, alloyed , worth US$ 123,886.14 million.
  5. Venezuela exported Bituminous coal, not agglomerated , worth US$ 111,037.61 million.

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 US$ 503,188.54 million.
  2. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth US$ 331,565.98 million.
  3. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 227,290.11 million.
  4. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 225,359.54 million.
  5. Venezuela imported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth US$ 174,317.02 million.

Exports and Imports of Product Groups 1999

Exports and imports of products by stages of processing in 1999 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1999

Tariffs imposed by Venezuela in 1999 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 13.30 percent.
  • The trade weighted average tariff was 13.02 .
  • The total duty free imports in thousands of US dollars were 264,441.12 and duty free tariff line items share was 0.43 percent.

Development Indicators 1999

Key Development Indicators of Venezuela in 1999 are below

  • Venezuela GDP in current US dollar was 97,973 million.
  • GNI per capita, Atlas method (current US$) was 3,540.00 .
  • Venezuela Trade balance: as % of GDP was 3.75.
  • Trade balance in current US$ was 3,677.00 million.
  • Trade as percentage of GDP was 42.07 .
  • Trade in services as percentage of GDP was 5.80 .

Trade Indicators 1999

Trade Indicators for Venezuela in 1999 are below

  • Hirschman Herfindahl market concentration index was 0.36.
  • Index of export market penetration was 3.07.
  • World Growth in percentage was 2.52 and Venezuela Country Growth was 7.54 .