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Venezuela Trade Summary

2012

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 2012

Overall Exports and Imports for Venezuela 2012

Exports and imports of Venezuela in 2012 are below, along with number of countries and products

  • The total value of exports (FoB) was 95,035 million.
  • The total value of imports (CIF) was 59,073 million.
  • At the HS6 digit level, 288 products were exported to 49 countries and 4,385 products were imported from 175 countries.

Venezuela top 5 Export and Import partners 2012

Top five countries to which Venezuela exported in 2012 are below, along with the percent of total exports that went to that country:

  1. Venezuela exports to Unspecified worth US$ 71,610 million, with a partner share of 75.35 percent.
  2. Venezuela exports to Other Asia, nes worth US$ 21,959 million, with a partner share of 23.11 percent.
  3. Venezuela exports to United States worth US$ 527 million, with a partner share of 0.55 percent.
  4. Venezuela exports to Netherlands worth US$ 117 million, with a partner share of 0.12 percent.
  5. Venezuela exports to Chile worth US$ 110 million, with a partner share of 0.12 percent.

Top five countries from which Venezuela imported goods in 2012 are below, along with percent of total imports that came from the country :

  1. Venezuela imports from United States worth US$ 14,873 million, with a partner share of 25.18 percent.
  2. Venezuela imports from China worth US$ 10,096 million, with a partner share of 17.09 percent.
  3. Venezuela imports from Brazil worth US$ 5,317 million, with a partner share of 9.00 percent.
  4. Venezuela imports from Colombia worth US$ 2,848 million, with a partner share of 4.82 percent.
  5. Venezuela imports from Mexico worth US$ 2,415 million, with a partner share of 4.09 percent.

Venezuela Top 5 Productsexports imports at HS 6 digit level 2012

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$ 68,912,456.25 million.
  2. Venezuela exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 24,656,543.75 million.
  3. Venezuela exported Methanol (methyl alcohol) , worth US$ 367,693.28 million.
  4. Venezuela exported Ferrous products obtained by direct reduction o , worth US$ 304,529.26 million.
  5. Venezuela exported Urea , worth US$ 250,583.54 million.

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 US$ 2,097,830.29 million.
  2. Venezuela imported Live bovine animals, other than pure-bred breed , worth US$ 996,120.90 million.
  3. Venezuela imported Transmission apparatus, for radioteleph incorpo , worth US$ 932,805.52 million.
  4. Venezuela imported Prefabricated buildings , worth US$ 831,514.98 million.
  5. Venezuela imported Milk and cream in solid forms of >1.5% fat, uns , worth US$ 817,684.05 million.

Exports and Imports of Product Groups 2012

Exports and imports of products by stages of processing in 2012 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2012

Tariffs imposed by Venezuela in 2012 are below

  • The maximum rate of tariff in percentage on any product was 40 percent.
  • The simple average tariff across all products was 11.83 percent.
  • The trade weighted average tariff was 8.59 .
  • The total duty free imports in thousands of US dollars were 8,049,597.43 and duty free tariff line items share was 12.78 percent.

Development Indicators 2012

Key Development Indicators of Venezuela in 2012 are below

  • Venezuela GDP in current US dollar was 381,286 million.
  • GNI per capita, Atlas method (current US$) was 12,480.00 .
  • Venezuela Trade balance: as % of GDP was 1.94.
  • Trade balance in current US$ was 7,391.00 million.
  • Trade as percentage of GDP was 50.40 .
  • Trade in services as percentage of GDP was 5.66 .

Trade Indicators 2012

Trade Indicators for Venezuela in 2012 are below

  • Hirschman Herfindahl market concentration index was 0.25.
  • Index of export market penetration was 2.51.
  • World Growth in percentage was 0.02 and Venezuela Country Growth was 2.18 .