Tariff rate, applied, simple mean, primary products in Venezuela
Venezuela: Tariff rate, applied, simple mean, primary products was 11.1% in 2022. ▼ Falling
Tariff rate, applied, simple mean, primary products in Venezuela, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, applied, simple mean, primary products in Venezuela stood at 11.1%.
That represents a change of down 6.5% on the previous year and down 3.8% over ten years.
Over the whole period, tariff rate, applied, simple mean, primary products in Venezuela peaked at 16.2% in 1992 and was at its lowest, 9.4%, in 2018.
That places Venezuela 75th out of 184 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.7% | 11.7% | 16.2% | 5 |
| 2000s | 12.5% | 10.8% | 13.8% | 10 |
| 2010s | 11.1% | 9.4% | 12.2% | 10 |
| 2020s | 12.1% | 11.1% | 13.4% | 3 |
Countries ranked near Venezuela
- 72 Burkina Faso 11.6% compare
- 73 Haiti 11.2% compare
- 74 Panama 11.1% compare
- 76 Afghanistan 11.0% compare
- 77 Saint Kitts and Nevis 10.9% compare
- 78 Mozambique 10.8% compare
More private sector data for Venezuela
- Merchandise exports 8.60 billion current US$ (2025)
- Manufactures exports 1.8% (2013)
- Food exports 0.0% (2013)
- Merchandise imports 13.80 billion current US$ (2025)
- Manufactures imports 70.7% (2013)
- Food imports 18.4% (2013)
- Merchandise trade 22.5% (2025)
- Commercial service exports 1.24 billion current US$ (2016)
- Transport services 29.5% (2016)
- Computer, communications and other services 46.5% (2016)
Frequently asked questions
- What is tariff rate, applied, simple mean, primary products in Venezuela?
- Tariff rate, applied, simple mean, primary products in Venezuela was 11.1% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, simple mean, primary products recorded in Venezuela?
- The highest recorded value was 16.2% in 1992.
- What is the lowest tariff rate, applied, simple mean, primary products recorded in Venezuela?
- The lowest recorded value was 9.4% in 2018.
- How does Venezuela rank for tariff rate, applied, simple mean, primary products?
- Venezuela ranks 75th out of 184 countries with data for 2022.
- Is tariff rate, applied, simple mean, primary products rising or falling in Venezuela?
- Over the last ten years it is down 3.8%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, simple mean, primary products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).