Merchandise exports to high-income economies in Venezuela
Venezuela: Merchandise exports to high-income economies was 64.5% in 2023. ▼ Falling
Merchandise exports to high-income economies in Venezuela, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to high-income economies in Venezuela is 64.5%, measured in 2023.
That represents a change of up 41.4% on the previous year and up 18.2% over ten years.
Over the whole period, merchandise exports to high-income economies in Venezuela peaked at 94.7% in 1987 and was at its lowest, 26.7%, in 2020.
Venezuela ranks 109th of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 63 years of available data.
Merchandise exports to high-income economies in Venezuela, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 88.9% | — |
| 1961 | 90.5% | +1.8% |
| 1962 | 91.0% | +0.5% |
| 1963 | 92.2% | +1.3% |
| 1964 | 90.7% | -1.6% |
| 1965 | 91.3% | +0.7% |
| 1966 | 92.0% | +0.7% |
| 1967 | 92.0% | +0.0% |
| 1968 | 91.8% | -0.2% |
| 1969 | 90.8% | -1.1% |
| 1970 | 90.9% | +0.1% |
| 1972 | 92.5% | +1.8% |
| 1973 | 89.0% | -3.9% |
| 1974 | 88.5% | -0.5% |
| 1975 | 87.3% | -1.4% |
| 1976 | 88.5% | +1.4% |
| 1977 | 86.3% | -2.5% |
| 1978 | 85.9% | -0.4% |
| 1979 | 86.6% | +0.8% |
| 1980 | 83.6% | -3.4% |
| 1981 | 82.5% | -1.4% |
| 1982 | 83.7% | +1.5% |
| 1983 | 85.5% | +2.1% |
| 1984 | 85.5% | -0.1% |
| 1985 | 85.5% | +0.0% |
| 1986 | 84.8% | -0.8% |
| 1987 | 94.7% | +11.7% |
| 1988 | 83.9% | -11.5% |
| 1989 | 83.1% | -0.9% |
| 1990 | 84.9% | +2.2% |
| 1991 | 84.6% | -0.4% |
| 1992 | 84.5% | -0.1% |
| 1993 | 80.4% | -4.9% |
| 1994 | 71.5% | -11.0% |
| 1995 | 71.5% | -0.1% |
| 1996 | 78.8% | +10.3% |
| 1997 | 78.2% | -0.8% |
| 1998 | 72.0% | -7.9% |
| 1999 | 80.6% | +11.9% |
| 2000 | 77.4% | -4.0% |
| 2001 | 83.1% | +7.4% |
| 2002 | 78.5% | -5.6% |
| 2003 | 85.4% | +8.8% |
| 2004 | 77.3% | -9.5% |
| 2005 | 84.0% | +8.7% |
| 2006 | 83.1% | -1.1% |
| 2007 | 79.7% | -4.1% |
| 2008 | 78.3% | -1.7% |
| 2009 | 75.8% | -3.2% |
| 2010 | 68.5% | -9.6% |
| 2011 | 66.2% | -3.4% |
| 2012 | 54.1% | -18.2% |
| 2013 | 54.6% | +0.9% |
| 2014 | 55.7% | +2.0% |
| 2015 | 55.6% | -0.1% |
| 2016 | 54.5% | -2.1% |
| 2017 | 54.2% | -0.4% |
| 2018 | 52.4% | -3.3% |
| 2019 | 32.9% | -37.3% |
| 2020 | 26.7% | -18.7% |
| 2021 | 42.5% | +59.2% |
| 2022 | 45.6% | +7.2% |
| 2023 | 64.5% | +41.4% |
Venezuela compared with similar countries
- Venezuela's 64.5% is above the median for lower middle income countries, which is 51.0%, 1.3× the median. (47 countries reporting)
- Venezuela's 64.5% is below the median for Latin America & Caribbean, which is 66.4%, 97% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to high-income economies in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +59.2% | 26.7% | 42.5% |
| 2023 | +41.4% | 45.6% | 64.5% |
| 2019 | -37.3% | 52.4% | 32.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 91.1% | 88.9% | 92.2% | 10 |
| 1970s | 88.4% | 85.9% | 92.5% | 9 |
| 1980s | 85.3% | 82.5% | 94.7% | 10 |
| 1990s | 78.7% | 71.5% | 84.9% | 10 |
| 2000s | 80.3% | 75.8% | 85.4% | 10 |
| 2010s | 54.9% | 32.9% | 68.5% | 10 |
| 2020s | 44.8% | 26.7% | 64.5% | 4 |
Countries ranked near Venezuela
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 merchandise exports to high-income economies in Venezuela?
- Merchandise exports to high-income economies in Venezuela was 64.5% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Venezuela?
- The highest recorded value was 94.7% in 1987.
- What is the lowest merchandise exports to high-income economies recorded in Venezuela?
- The lowest recorded value was 26.7% in 2020.
- How does Venezuela rank for merchandise exports to high-income economies?
- Venezuela ranks 109th out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Venezuela?
- Over the last ten years it is up 18.2%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.