Binding coverage, primary products in Venezuela
Venezuela: Binding coverage, primary products was 99.8% in 2022. ▬ Flat
Binding coverage, primary products in Venezuela, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, binding coverage, primary products in Venezuela stood at 99.8%. That is the lowest value across all 27 years on record.
The figure is down 0.1% over ten years.
Over the whole period, binding coverage, primary products in Venezuela peaked at 99.9% in 2006 and was at its lowest, 99.8%, in 2019.
Venezuela ranks 28th of 158 countries on this measure, in the top quarter.
Binding coverage, primary products in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 99.9% | — |
| 1997 | 99.9% | +0.0% |
| 1998 | 99.9% | +0.0% |
| 1999 | 99.9% | +0.0% |
| 2000 | 99.9% | +0.0% |
| 2001 | 99.9% | +0.0% |
| 2002 | 99.9% | +0.0% |
| 2003 | 99.9% | +0.0% |
| 2004 | 99.9% | +0.0% |
| 2005 | 99.9% | +0.0% |
| 2006 | 99.9% | +0.0% |
| 2007 | 99.9% | +0.0% |
| 2008 | 99.9% | +0.0% |
| 2009 | 99.9% | +0.0% |
| 2010 | 99.9% | +0.0% |
| 2011 | 99.9% | +0.0% |
| 2012 | 99.9% | +0.0% |
| 2013 | 99.9% | +0.0% |
| 2014 | 99.9% | +0.0% |
| 2015 | 99.9% | +0.0% |
| 2016 | 99.9% | +0.0% |
| 2017 | 99.9% | +0.0% |
| 2018 | 99.9% | +0.0% |
| 2019 | 99.8% | -0.1% |
| 2020 | 99.8% | +0.0% |
| 2021 | 99.8% | +0.0% |
| 2022 | 99.8% | +0.0% |
Venezuela compared with similar countries
- Venezuela's 99.8% is above the median for Latin America & Caribbean, which is 91.4%, 1.1× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 99.9% | 99.9% | 99.9% | 4 |
| 2000s | 99.9% | 99.9% | 99.9% | 10 |
| 2010s | 99.9% | 99.8% | 99.9% | 10 |
| 2020s | 99.8% | 99.8% | 99.8% | 3 |
Countries ranked near Venezuela
- 28 Cape Verde 99.8% compare
- 28 Jordan 99.8% compare
- 28 Kyrgyzstan 99.8% compare
- 28 Samoa 99.8% 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)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0863 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -40.13 % change on previous year (2025)
Frequently asked questions
- What is binding coverage, primary products in Venezuela?
- Binding coverage, primary products in Venezuela was 99.8% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, primary products recorded in Venezuela?
- The highest recorded value was 99.9% in 2006.
- What is the lowest binding coverage, primary products recorded in Venezuela?
- The lowest recorded value was 99.8% in 2019.
- How does Venezuela rank for binding coverage, primary products?
- Venezuela ranks 28th out of 158 countries with data for 2022.
- Is binding coverage, primary products rising or falling in Venezuela?
- Over the last ten years it is down 0.1%. 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, primary products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).