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Venezuela Trade Summary

2004

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 2004

Overall Exports and Imports for Venezuela 2004

Exports and imports of Venezuela in 2004 are below, along with number of countries and products

  • The total value of exports (FoB) was 39,887 million.
  • The total value of imports (CIF) was 14,697 million.
  • At the HS6 digit level, 3,041 products were exported to 127 countries and 4,369 products were imported from 134 countries.

Venezuela top 5 Export and Import partners 2004

Top five countries to which Venezuela exported in 2004 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to United States worth US$ 24,235 million, with a partner share of 60.76 percent.
  2. Venezuela exports to Unspecified worth US$ 6,600 million, with a partner share of 16.55 percent.
  3. Venezuela exports to Netherlands Antilles worth US$ 1,203 million, with a partner share of 3.02 percent.
  4. Venezuela exports to Colombia worth US$ 1,042 million, with a partner share of 2.61 percent.
  5. Venezuela exports to Italy worth US$ 1,008 million, with a partner share of 2.53 percent.

Top five countries from which Venezuela imported goods in 2004 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 4,579 million, with a partner share of 31.16 percent.
  2. Venezuela imports from Colombia worth US$ 1,563 million, with a partner share of 10.64 percent.
  3. Venezuela imports from Brazil worth US$ 1,238 million, with a partner share of 8.43 percent.
  4. Venezuela imports from Mexico worth US$ 686 million, with a partner share of 4.67 percent.
  5. Venezuela imports from Spain worth US$ 540 million, with a partner share of 3.68 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 2004

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 20,608,451.15 (US$ Thousands).
  2. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth 12,262,215.44 (US$ Thousands).
  3. Venezuela exported Ferrous products obtained by direct reduction o , worth 595,004.35 (US$ Thousands).
  4. Venezuela exported Aluminium unwrought, not alloyed , worth 419,957.45 (US$ Thousands).
  5. Venezuela exported Bituminous coal, not agglomerated , worth 291,423.29 (US$ Thousands).

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 501,338.96 (US$ Thousands).
  2. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth 413,255.68 (US$ Thousands).
  3. Venezuela imported Other medicaments of mixed or unmixed products, , worth 323,989.03 (US$ Thousands).
  4. Venezuela imported Automobiles with reciprocating piston engine di , worth 260,938.12 (US$ Thousands).
  5. Venezuela imported Oil-cake and other solid residues, of soya-bean , worth 222,248.13 (US$ Thousands).

Exports and Imports of Product Groups 2004

Exports and imports of products by stages of processing in 2004 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2004

Tariffs imposed by Venezuela in 2004 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 12.50 percent.
  • The trade weighted average tariff was 11.87 .
  • The total duty free imports in thousands of US dollars were 1,309,123.36 and duty free tariff line items share was 5.38 percent.

Development Indicators 2004

Key Development Indicators of Venezuela in 2004 are below

  • Venezuela GDP in current US dollar was 112,451 million.
  • GNI per capita, Atlas method (current US$) was 4,070.00 .
  • Venezuela Trade balance: as % of GDP was 17.03.
  • Trade balance in current US$ was 19,150.00 million.
  • Trade as percentage of GDP was 55.37 .
  • Trade in services as percentage of GDP was 5.00 .

Trade Indicators 2004

Trade Indicators for Venezuela in 2004 are below

  • Hirschman Herfindahl market concentration index was 0.48.
  • Index of export market penetration was 3.30.
  • World Growth in percentage was 10.40 and Venezuela Country Growth was 20.36 .