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Venezuela Trade Summary

2010

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 2010

Overall Exports and Imports for Venezuela 2010

Exports and imports of Venezuela in 2010 are below, along with number of countries and products

  • The total value of exports (FoB) was 66,963 million.
  • The total value of imports (CIF) was 32,343 million.
  • At the HS6 digit level, 1,580 products were exported to 107 countries and 4,290 products were imported from 175 countries.

Venezuela top 5 Export and Import partners 2010

Top five countries to which Venezuela exported in 2010 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to Unspecified worth US$ 55,928 million, with a partner share of 83.52 percent.
  2. Venezuela exports to Other Asia, nes worth US$ 6,399 million, with a partner share of 9.56 percent.
  3. Venezuela exports to United States worth US$ 971 million, with a partner share of 1.45 percent.
  4. Venezuela exports to China worth US$ 719 million, with a partner share of 1.07 percent.
  5. Venezuela exports to Colombia worth US$ 591 million, with a partner share of 0.88 percent.

Top five countries from which Venezuela imported goods in 2010 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 9,866 million, with a partner share of 30.50 percent.
  2. Venezuela imports from China worth US$ 3,593 million, with a partner share of 11.11 percent.
  3. Venezuela imports from Brazil worth US$ 3,180 million, with a partner share of 9.83 percent.
  4. Venezuela imports from Mexico worth US$ 1,446 million, with a partner share of 4.47 percent.
  5. Venezuela imports from Colombia worth US$ 1,424 million, with a partner share of 4.40 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 2010

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 44,156,568.50 (US$ Thousands).
  2. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth 18,160,431.50 (US$ Thousands).
  3. Venezuela exported Ferrous products obtained by direct reduction o , worth 563,685.53 (US$ Thousands).
  4. Venezuela exported Non-agglomerated iron ores and concentrates , worth 557,460.55 (US$ Thousands).
  5. Venezuela exported Aluminium unwrought, not alloyed , worth 272,549.46 (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 1,439,708.57 (US$ Thousands).
  2. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth 977,079.29 (US$ Thousands).
  3. Venezuela imported Live bovine animals, other than pure-bred breed , worth 968,973.94 (US$ Thousands).
  4. Venezuela imported Electric generating sets, nes , worth 809,287.78 (US$ Thousands).
  5. Venezuela imported Oil-cake and other solid residues, of soya-bean , worth 559,325.92 (US$ Thousands).

Exports and Imports of Product Groups 2010

Exports and imports of products by stages of processing in 2010 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2010

Tariffs imposed by Venezuela in 2010 are below

  • The maximum rate of tariff in percentage on any product was 40 percent.
  • The simple average tariff across all products was 13.07 percent.
  • The trade weighted average tariff was 9.96 .
  • The total duty free imports in thousands of US dollars were 2,309,980.45 and duty free tariff line items share was 5.76 percent.

Development Indicators 2010

Key Development Indicators of Venezuela in 2010 are below

  • Venezuela GDP in current US dollar was 393,192 million.
  • GNI per capita, Atlas method (current US$) was 11,690.00 .
  • Venezuela Trade balance: as % of GDP was 10.92.
  • Trade balance in current US$ was 42,952.00 million.
  • Trade as percentage of GDP was 46.14 .
  • Trade in services as percentage of GDP was 4.12 .

Trade Indicators 2010

Trade Indicators for Venezuela in 2010 are below

  • Hirschman Herfindahl market concentration index was 0.30.
  • Index of export market penetration was 2.75.
  • World Growth in percentage was 10.04 and Venezuela Country Growth was 10.39 .