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Venezuela Trade Summary

2006

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 2006

Overall Exports and Imports for Venezuela 2006

Exports and imports of Venezuela in 2006 are below, along with number of countries and products

  • The total value of exports (FoB) was 61,385 million.
  • The total value of imports (CIF) was 30,559 million.
  • At the HS6 digit level, 2,109 products were exported to 102 countries and 4,345 products were imported from 135 countries.

Venezuela top 5 Export and Import partners 2006

Top five countries to which Venezuela exported in 2006 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to United States worth US$ 31,269 million, with a partner share of 50.94 percent.
  2. Venezuela exports to Unspecified worth US$ 12,069 million, with a partner share of 19.66 percent.
  3. Venezuela exports to Netherlands Antilles worth US$ 3,517 million, with a partner share of 5.73 percent.
  4. Venezuela exports to Other Asia, nes worth US$ 2,242 million, with a partner share of 3.65 percent.
  5. Venezuela exports to Spain worth US$ 1,914 million, with a partner share of 3.12 percent.

Top five countries from which Venezuela imported goods in 2006 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 7,393 million, with a partner share of 24.19 percent.
  2. Venezuela imports from Unspecified worth US$ 6,159 million, with a partner share of 20.15 percent.
  3. Venezuela imports from Brazil worth US$ 2,457 million, with a partner share of 8.04 percent.
  4. Venezuela imports from Colombia worth US$ 2,421 million, with a partner share of 7.92 percent.
  5. Venezuela imports from China worth US$ 1,652 million, with a partner share of 5.41 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 2006

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$ 56,228,508.84 million.
  2. Venezuela exported Ferrous products obtained by direct reduction o , worth US$ 674,045.44 million.
  3. Venezuela exported Aluminium unwrought, not alloyed , worth US$ 623,325.62 million.
  4. Venezuela exported Aluminium unwrought, alloyed , worth US$ 281,374.87 million.
  5. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 208,907.01 million.

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

  1. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth US$ 1,299,560.16 million.
  2. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 1,104,415.34 million.
  3. Venezuela imported Automobiles with reciprocating piston engine di , worth US$ 548,400.93 million.
  4. Venezuela imported Other medicaments of mixed or unmixed products, , worth US$ 455,324.69 million.
  5. Venezuela imported Gas powered trucks with a GVW not exceeding fiv , worth US$ 380,121.02 million.

Exports and Imports of Product Groups 2006

Exports and imports of products by stages of processing in 2006 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2006

Tariffs imposed by Venezuela in 2006 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 12.32 percent.
  • The trade weighted average tariff was 10.60 .
  • The total duty free imports in thousands of US dollars were 4,941,107.35 and duty free tariff line items share was 10.99 percent.

Development Indicators 2006

Key Development Indicators of Venezuela in 2006 are below

  • Venezuela GDP in current US dollar was 183,478 million.
  • GNI per capita, Atlas method (current US$) was 6,070.00 .
  • Venezuela Trade balance: as % of GDP was 14.37.
  • Trade balance in current US$ was 26,369.00 million.
  • Trade as percentage of GDP was 58.67 .
  • Trade in services as percentage of GDP was 4.11 .

Trade Indicators 2006

Trade Indicators for Venezuela in 2006 are below

  • Hirschman Herfindahl market concentration index was 0.42.
  • Index of export market penetration was 3.24.
  • World Growth in percentage was 7.64 and Venezuela Country Growth was 6.73 .