Loading..

Venezuela Trade Summary

2008

Venezuela exports, imports, tariff by year.

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 2008

Overall Exports and Imports for Venezuela 2008

Exports and imports of Venezuela in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 83,478 million.
  • The total value of imports (CIF) was 47,450 million.
  • At the HS6 digit level, 2,511 products were exported to 132 countries and 4,417 products were imported from 170 countries.

Venezuela top 5 Export and Import partners 2008

Top five countries to which Venezuela exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to Unspecified worth US$ 28,795 million, with a partner share of 34.49 percent.
  2. Venezuela exports to United States worth US$ 26,751 million, with a partner share of 32.05 percent.
  3. Venezuela exports to Netherlands Antilles worth US$ 13,198 million, with a partner share of 15.81 percent.
  4. Venezuela exports to Other Asia, nes worth US$ 2,631 million, with a partner share of 3.15 percent.
  5. Venezuela exports to Brazil worth US$ 1,808 million, with a partner share of 2.17 percent.

Top five countries from which Venezuela imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 12,651 million, with a partner share of 26.66 percent.
  2. Venezuela imports from Colombia worth US$ 6,903 million, with a partner share of 14.55 percent.
  3. Venezuela imports from China worth US$ 4,528 million, with a partner share of 9.54 percent.
  4. Venezuela imports from Brazil worth US$ 4,276 million, with a partner share of 9.01 percent.
  5. Venezuela imports from Mexico worth US$ 2,203 million, with a partner share of 4.64 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 2008

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 61,005,632.80 (US$ Thousands).
  2. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth 16,856,367.20 (US$ Thousands).
  3. Venezuela exported Ferrous products obtained by direct reduction o , worth 658,583.99 (US$ Thousands).
  4. Venezuela exported Non-agglomerated iron ores and concentrates , worth 509,649.78 (US$ Thousands).
  5. Venezuela exported Aluminium unwrought, not alloyed , worth 467,418.09 (US$ Thousands).

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 1,884,651.99 (US$ Thousands).
  2. Venezuela imported Other medicaments of mixed or unmixed products, , worth 986,172.32 (US$ Thousands).
  3. Venezuela imported Automobiles with reciprocating piston engine di , worth 850,006.87 (US$ Thousands).
  4. Venezuela imported Milk and cream in solid forms of >1.5% fat, uns , worth 683,687.71 (US$ Thousands).
  5. Venezuela imported Fresh or chilled bovine carcasses and half carc , worth 573,765.09 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Venezuela in 2008 are below

  • The maximum rate of tariff in percentage on any product was 40 percent.
  • The simple average tariff across all products was 12.24 percent.
  • The trade weighted average tariff was 9.62 .
  • The total duty free imports in thousands of US dollars were 11,333,446.54 and duty free tariff line items share was 11.77 percent.

Development Indicators 2008

Key Development Indicators of Venezuela in 2008 are below

  • Venezuela GDP in current US dollar was 315,953 million.
  • GNI per capita, Atlas method (current US$) was 9,300.00 .
  • Venezuela Trade balance: as % of GDP was 9.81.
  • Trade balance in current US$ was 31,009.00 million.
  • Trade as percentage of GDP was 51.83 .
  • Trade in services as percentage of GDP was 4.89 .

Trade Indicators 2008

Trade Indicators for Venezuela in 2008 are below

  • Hirschman Herfindahl market concentration index was 0.35.
  • Index of export market penetration was 2.87.
  • World Growth in percentage was -59.29 and Venezuela Country Growth was 18.18 .