Venezuela Trade Summary

2003 Data

Venezuela exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 24,974
No. Of products: 2,926
No. Of partners: 126
Importsmore »
Imports (in US$ Mil): 8,358
No. Of products: 4,346
No. Of partners: 124

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...20,235,792.38
Aluminium unwrought, ...398,072.35
Ferrous products obt ...282,571.04
Bituminous coal, not ...206,761.42
Methanol (methyl alc ...168,165.26
Imports (US$ Thousands)
Other medicaments of ...256,567.94
Transmission apparat ...182,998.56
Oil-cake and other s ...152,362.83
Crude soya-bean oil127,742.18
Automobiles with rec ...121,477.55

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States11,075 44.35
Netherlands Antilles4,141 16.58
Netherlands2,059 8.24
Unspecified1,757 7.03
Colombia651 2.61
Exporter Trade (US$ Mil) Partner share(%)
United States2,754 32.95
Colombia713 8.53
Brazil555 6.65
Mexico416 4.98
Germany348 4.16

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials20,746 83.07 500 5.98 10.77
Intermediate goods2,954 11.83 2,578 30.85 12.20
Consumer goods601 2.40 2,549 30.49 16.94
Capital goods607 2.43 2,685 32.13 9.58

Trade Indicators

more »
HH Market concentration index: 0.48
Index of export market penetration: 3.21
World Growth: 8.10
Country Growth: 2.65

Tariffs

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No Of Tariff Agreement: 1
Maximum Rate (%): 35
Simple Average (%): 13.34
Weighted Average (%): 12.75
Duty Free Imports (US$ Thousand): 152,657.45
Duty Free Tariff Lines Share (%): 0.48

Development Indicators

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GDP (current US$): 83,621
GNI per capita, Atlas method (current US$): 3,450.00
Trade Balance (% of GDP): 17.13
Trade Balance (current US$ Mil): 14,324.00
Trade in services (% of GDP): 5.26
Trade (% of GDP): 50.58