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Venezuela Trade Summary

2003

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 2003

Overall Exports and Imports for Venezuela 2003

Exports and imports of Venezuela in 2003 are below, along with number of countries and products

  • The total value of exports (FoB) was 24,974 million.
  • The total value of imports (CIF) was 8,358 million.
  • At the HS6 digit level, 2,919 products were exported to 130 countries and 4,339 products were imported from 129 countries.

Venezuela top 5 Export and Import partners 2003

Top five countries to which Venezuela exported in 2003 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to United States worth US$ 11,075 million, with a partner share of 44.35 percent.
  2. Venezuela exports to Netherlands Antilles worth US$ 4,141 million, with a partner share of 16.58 percent.
  3. Venezuela exports to Netherlands worth US$ 2,059 million, with a partner share of 8.24 percent.
  4. Venezuela exports to Unspecified worth US$ 1,756 million, with a partner share of 7.03 percent.
  5. Venezuela exports to Colombia worth US$ 651 million, with a partner share of 2.61 percent.

Top five countries from which Venezuela imported goods in 2003 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 2,754 million, with a partner share of 32.95 percent.
  2. Venezuela imports from Colombia worth US$ 713 million, with a partner share of 8.53 percent.
  3. Venezuela imports from Brazil worth US$ 555 million, with a partner share of 6.65 percent.
  4. Venezuela imports from Mexico worth US$ 416 million, with a partner share of 4.98 percent.
  5. Venezuela imports from Germany worth US$ 348 million, with a partner share of 4.16 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 2003

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 20,235,792.12 (US$ Thousands).
  2. Venezuela exported Aluminium unwrought, not alloyed , worth 398,072.35 (US$ Thousands).
  3. Venezuela exported Ferrous products obtained by direct reduction o , worth 282,571.06 (US$ Thousands).
  4. Venezuela exported Bituminous coal, not agglomerated , worth 206,761.42 (US$ Thousands).
  5. Venezuela exported Methanol (methyl alcohol) , worth 168,165.27 (US$ Thousands).

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

  1. Venezuela imported Other medicaments of mixed or unmixed products, , worth 256,567.96 (US$ Thousands).
  2. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth 182,998.58 (US$ Thousands).
  3. Venezuela imported Oil-cake and other solid residues, of soya-bean , worth 152,362.84 (US$ Thousands).
  4. Venezuela imported Crude soya-bean oil , worth 127,742.18 (US$ Thousands).
  5. Venezuela imported Automobiles with reciprocating piston engine di , worth 121,477.57 (US$ Thousands).

Exports and Imports of Product Groups 2003

Exports and imports of products by stages of processing in 2003 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2003

Tariffs imposed by Venezuela in 2003 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 13.34 percent.
  • The trade weighted average tariff was 12.75 .
  • The total duty free imports in thousands of US dollars were 152,657.45 and duty free tariff line items share was 0.48 percent.

Development Indicators 2003

Key Development Indicators of Venezuela in 2003 are below

  • Venezuela GDP in current US dollar was 83,621 million.
  • GNI per capita, Atlas method (current US$) was 3,460.00 .
  • Venezuela Trade balance: as % of GDP was 17.13.
  • Trade balance in current US$ was 14,324.00 million.
  • Trade as percentage of GDP was 50.58 .
  • Trade in services as percentage of GDP was 5.26 .

Trade Indicators 2003

Trade Indicators for Venezuela in 2003 are below

  • Hirschman Herfindahl market concentration index was 0.48.
  • Index of export market penetration was 3.25.
  • World Growth in percentage was 7.11 and Venezuela Country Growth was 2.47 .