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Venezuela Trade Summary

2002

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 2002

Overall Exports and Imports for Venezuela 2002

Exports and imports of Venezuela in 2002 are below, along with number of countries and products

  • The total value of exports (FoB) was 23,987 million.
  • The total value of imports (CIF) was 11,673 million.
  • At the HS6 digit level, 2,892 products were exported to 122 countries and 4,556 products were imported from 140 countries.

Venezuela top 5 Export and Import partners 2002

Top five countries to which Venezuela exported in 2002 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to United States worth US$ 13,562 million, with a partner share of 56.54 percent.
  2. Venezuela exports to Netherlands Antilles worth US$ 1,513 million, with a partner share of 6.31 percent.
  3. Venezuela exports to Unspecified worth US$ 991 million, with a partner share of 4.13 percent.
  4. Venezuela exports to Colombia worth US$ 796 million, with a partner share of 3.32 percent.
  5. Venezuela exports to Dominican Republic worth US$ 680 million, with a partner share of 2.83 percent.

Top five countries from which Venezuela imported goods in 2002 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 3,845 million, with a partner share of 32.94 percent.
  2. Venezuela imports from Colombia worth US$ 964 million, with a partner share of 8.26 percent.
  3. Venezuela imports from Brazil worth US$ 755 million, with a partner share of 6.47 percent.
  4. Venezuela imports from Germany worth US$ 583 million, with a partner share of 4.99 percent.
  5. Venezuela imports from Mexico worth US$ 537 million, with a partner share of 4.60 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 2002

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$ 18,322,785.00 million.
  2. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 554,232.76 million.
  3. Venezuela exported Aluminium unwrought, not alloyed , worth US$ 455,977.52 million.
  4. Venezuela exported Bituminous coal, not agglomerated , worth US$ 276,740.48 million.
  5. Venezuela exported Ferrous products obtained by direct reduction o , worth US$ 252,316.36 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$ 349,449.48 million.
  2. Venezuela imported Other medicaments of mixed or unmixed products, , worth US$ 287,120.70 million.
  3. Venezuela imported Machinery, plant or laboratory equip for treat , worth US$ 277,973.97 million.
  4. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth US$ 223,251.02 million.
  5. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 221,195.06 million.

Exports and Imports of Product Groups 2002

Exports and imports of products by stages of processing in 2002 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2002

Tariffs imposed by Venezuela in 2002 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 13.62 percent.
  • The trade weighted average tariff was 13.70 .
  • The total duty free imports in thousands of US dollars were 336,744.11 and duty free tariff line items share was 0.51 percent.

Development Indicators 2002

Key Development Indicators of Venezuela in 2002 are below

  • Venezuela GDP in current US dollar was 92,894 million.
  • GNI per capita, Atlas method (current US$) was 3,950.00 .
  • Venezuela Trade balance: as % of GDP was 12.29.
  • Trade balance in current US$ was 11,418.00 million.
  • Trade as percentage of GDP was 48.58 .
  • Trade in services as percentage of GDP was 5.33 .

Trade Indicators 2002

Trade Indicators for Venezuela in 2002 are below

  • Hirschman Herfindahl market concentration index was 0.41.
  • Index of export market penetration was 3.30.
  • World Growth in percentage was 2.45 and Venezuela Country Growth was -1.93 .