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Venezuela Trade Summary

2005

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 2005

Overall Exports and Imports for Venezuela 2005

Exports and imports of Venezuela in 2005 are below, along with number of countries and products

  • The total value of exports (FoB) was 55,413 million.
  • The total value of imports (CIF) was 21,848 million.
  • At the HS6 digit level, 2,769 products were exported to 121 countries and 4,468 products were imported from 148 countries.

Venezuela top 5 Export and Import partners 2005

Top five countries to which Venezuela exported in 2005 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to United States worth US$ 25,063 million, with a partner share of 45.23 percent.
  2. Venezuela exports to Unspecified worth US$ 15,686 million, with a partner share of 28.31 percent.
  3. Venezuela exports to Other Asia, nes worth US$ 2,612 million, with a partner share of 4.71 percent.
  4. Venezuela exports to Netherlands Antilles worth US$ 1,970 million, with a partner share of 3.56 percent.
  5. Venezuela exports to Colombia worth US$ 1,030 million, with a partner share of 1.86 percent.

Top five countries from which Venezuela imported goods in 2005 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 6,897 million, with a partner share of 31.57 percent.
  2. Venezuela imports from Colombia worth US$ 2,409 million, with a partner share of 11.03 percent.
  3. Venezuela imports from Brazil worth US$ 1,989 million, with a partner share of 9.10 percent.
  4. Venezuela imports from Mexico worth US$ 1,515 million, with a partner share of 6.93 percent.
  5. Venezuela imports from Panama worth US$ 848 million, with a partner share of 3.88 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 2005

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 33,046,828.44 (US$ Thousands).
  2. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth 15,097,984.06 (US$ Thousands).
  3. Venezuela exported Ferrous products obtained by direct reduction o , worth 767,845.71 (US$ Thousands).
  4. Venezuela exported Aluminium unwrought, not alloyed , worth 483,709.20 (US$ Thousands).
  5. Venezuela exported Bituminous coal, not agglomerated , worth 331,417.51 (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 1,038,657.13 (US$ Thousands).
  2. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth 893,993.91 (US$ Thousands).
  3. Venezuela imported Other medicaments of mixed or unmixed products, , worth 412,027.86 (US$ Thousands).
  4. Venezuela imported Automobiles with reciprocating piston engine di , worth 388,784.35 (US$ Thousands).
  5. Venezuela imported Gas powered trucks with a GVW not exceeding fiv , worth 294,480.16 (US$ Thousands).

Exports and Imports of Product Groups 2005

Exports and imports of products by stages of processing in 2005 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2005

Tariffs imposed by Venezuela in 2005 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 12.66 percent.
  • The trade weighted average tariff was 12.77 .
  • The total duty free imports in thousands of US dollars were 1,311,080.52 and duty free tariff line items share was 3.46 percent.

Development Indicators 2005

Key Development Indicators of Venezuela in 2005 are below

  • Venezuela GDP in current US dollar was 145,513 million.
  • GNI per capita, Atlas method (current US$) was 4,930.00 .
  • Venezuela Trade balance: as % of GDP was 19.19.
  • Trade balance in current US$ was 27,924.00 million.
  • Trade as percentage of GDP was 60.13 .
  • Trade in services as percentage of GDP was 4.60 .

Trade Indicators 2005

Trade Indicators for Venezuela in 2005 are below

  • Hirschman Herfindahl market concentration index was 0.46.
  • Index of export market penetration was 3.39.
  • World Growth in percentage was 6.13 and Venezuela Country Growth was 17.08 .