Binding coverage, manufactured products in Venezuela
Venezuela: Binding coverage, manufactured products was 100.0% in 2022. ▬ Flat
Binding coverage, manufactured products in Venezuela, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, binding coverage, manufactured products in Venezuela stood at 100.0%. That is the highest value across all 27 years on record.
Compared with earlier readings it is unchanged over ten years.
Over the whole period, binding coverage, manufactured products in Venezuela peaked at 100.0% in 1995 and was at its lowest, 100.0%, in 1995.
That places Venezuela 1st out of 158 countries with data for 2022, putting it in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 100.0% | 100.0% | 100.0% | 4 |
| 2000s | 100.0% | 100.0% | 100.0% | 10 |
| 2010s | 100.0% | 100.0% | 100.0% | 10 |
| 2020s | 100.0% | 100.0% | 100.0% | 3 |
Countries ranked near Venezuela
- 1 Angola 100.0% compare
- 1 Argentina 100.0% compare
- 1 Armenia 100.0% compare
- 1 Barbados 100.0% compare
- 1 Bolivia 100.0% compare
- 1 Brazil 100.0% compare
- 1 Cape Verde 100.0% compare
- 1 Chile 100.0% compare
- 1 Colombia 100.0% compare
- 1 Democratic Republic of Congo 100.0% compare
- 1 Georgia 100.0% compare
- 1 Guyana 100.0% compare
- 1 Jordan 100.0% compare
- 1 Laos 100.0% compare
- 1 Mexico 100.0% compare
- 1 Moldova 100.0% compare
- 1 Morocco 100.0% compare
- 1 Papua New Guinea 100.0% compare
- 1 Paraguay 100.0% compare
- 1 Peru 100.0% compare
- 1 Russia 100.0% compare
- 1 Samoa 100.0% compare
- 1 Seychelles 100.0% compare
- 1 Saint Kitts and Nevis 100.0% compare
- 1 Saint Lucia 100.0% compare
- 1 Tajikistan 100.0% compare
- 1 Tonga 100.0% compare
- 1 Trinidad and Tobago 100.0% compare
- 1 Ukraine 100.0% compare
- 1 United Arab Emirates 100.0% compare
- 1 Uruguay 100.0% compare
More private sector data for Venezuela
- Merchandise trade 22.5% (2025)
- Food imports 18.4% (2013)
- Manufactures imports 70.7% (2013)
- Merchandise imports 13.80 billion current US$ (2025)
- Food exports 0.0% (2013)
- Manufactures exports 1.8% (2013)
- Merchandise exports 8.60 billion current US$ (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 binding coverage, manufactured products in Venezuela?
- Binding coverage, manufactured products in Venezuela was 100.0% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, manufactured products recorded in Venezuela?
- The highest recorded value was 100.0% in 1995.
- What is the lowest binding coverage, manufactured products recorded in Venezuela?
- The lowest recorded value was 100.0% in 1995.
- How does Venezuela rank for binding coverage, manufactured products?
- Venezuela ranks 1st out of 158 countries with data for 2022.
- Is binding coverage, manufactured products rising or falling in Venezuela?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Venezuela data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, manufactured products (%). Statizoid updates them automatically from the source API.
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About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.