Merchandise exports to low- and middle-income economies in Latin in Venezuela
Venezuela: Merchandise exports to low- and middle-income economies in Latin was 22.8% in 2023. ▲ Rising
Merchandise exports to low- and middle-income economies in Latin in Venezuela, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Venezuela recorded 22.8% for merchandise exports to low- and middle-income economies in latin in 2023.
That represents a change of up 0.2% on the previous year and up 124.2% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in latin in Venezuela peaked at 28.2% in 1995 and was at its lowest, 4.4%, in 2019.
Venezuela ranks 16th of 203 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 63 years of available data.
Merchandise exports to low- and middle-income economies in Latin in Venezuela, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 10.4% | — |
| 1961 | 8.5% | -18.0% |
| 1962 | 7.8% | -7.8% |
| 1963 | 6.7% | -14.8% |
| 1964 | 8.1% | +21.7% |
| 1965 | 7.9% | -2.9% |
| 1966 | 7.6% | -3.4% |
| 1967 | 6.9% | -10.1% |
| 1968 | 7.8% | +13.4% |
| 1969 | 8.4% | +8.0% |
| 1970 | 8.5% | +0.6% |
| 1972 | 7.4% | -12.0% |
| 1973 | 11.0% | +48.5% |
| 1974 | 11.4% | +3.5% |
| 1975 | 12.7% | +11.4% |
| 1976 | 11.5% | -9.6% |
| 1977 | 13.7% | +19.0% |
| 1978 | 12.7% | -7.6% |
| 1979 | 11.5% | -8.9% |
| 1980 | 14.5% | +25.5% |
| 1981 | 15.2% | +4.7% |
| 1982 | 15.7% | +3.1% |
| 1983 | 13.7% | -12.7% |
| 1984 | 14.1% | +3.5% |
| 1985 | 13.3% | -5.8% |
| 1986 | 14.1% | +6.0% |
| 1987 | 5.3% | -62.5% |
| 1988 | 15.6% | +193.9% |
| 1989 | 16.3% | +4.7% |
| 1990 | 14.5% | -10.7% |
| 1991 | 14.8% | +1.6% |
| 1992 | 15.0% | +1.5% |
| 1993 | 18.9% | +26.1% |
| 1994 | 28.2% | +49.1% |
| 1995 | 28.2% | +0.1% |
| 1996 | 20.6% | -27.1% |
| 1997 | 21.4% | +3.8% |
| 1998 | 26.8% | +25.5% |
| 1999 | 19.4% | -27.8% |
| 2000 | 22.4% | +15.5% |
| 2001 | 16.3% | -27.0% |
| 2002 | 20.8% | +27.5% |
| 2003 | 13.6% | -34.7% |
| 2004 | 21.4% | +57.6% |
| 2005 | 14.6% | -31.8% |
| 2006 | 15.9% | +8.8% |
| 2007 | 12.4% | -22.0% |
| 2008 | 11.9% | -4.2% |
| 2009 | 12.5% | +4.9% |
| 2010 | 12.1% | -3.1% |
| 2011 | 12.1% | -0.1% |
| 2012 | 11.8% | -2.0% |
| 2013 | 10.1% | -14.3% |
| 2014 | 9.7% | -4.4% |
| 2015 | 10.2% | +5.1% |
| 2016 | 9.0% | -11.4% |
| 2017 | 7.5% | -16.5% |
| 2018 | 7.1% | -6.1% |
| 2019 | 4.4% | -37.7% |
| 2020 | 6.5% | +47.7% |
| 2021 | 19.2% | +193.5% |
| 2022 | 22.7% | +18.6% |
| 2023 | 22.8% | +0.2% |
Venezuela compared with similar countries
- Venezuela's 22.8% is above the median for lower middle income countries, which is 0.3%, 82.9× the median. (46 countries reporting)
- Venezuela's 22.8% is above the median for Latin America & Caribbean, which is 14.5%, 1.6× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies in Latin 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 |
|---|---|---|---|
| 1988 | +193.9% | 5.3% | 15.6% |
| 2021 | +193.5% | 6.5% | 19.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.0% | 6.7% | 10.4% | 10 |
| 1970s | 11.2% | 7.4% | 13.7% | 9 |
| 1980s | 13.8% | 5.3% | 16.3% | 10 |
| 1990s | 20.8% | 14.5% | 28.2% | 10 |
| 2000s | 16.2% | 11.9% | 22.4% | 10 |
| 2010s | 9.4% | 4.4% | 12.1% | 10 |
| 2020s | 17.8% | 6.5% | 22.8% | 4 |
Countries ranked near Venezuela
- 13 Saint Vincent and the Grenadines 25.3% compare
- 14 Belize 24.5% compare
- 15 United States 23.4% compare
- 17 Costa Rica 21.1% compare
- 18 Colombia 19.5% compare
- 19 Saint Lucia 18.5% 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 merchandise exports to low- and middle-income economies in latin in Venezuela?
- Merchandise exports to low- and middle-income economies in latin in Venezuela was 22.8% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in latin recorded in Venezuela?
- The highest recorded value was 28.2% in 1995.
- What is the lowest merchandise exports to low- and middle-income economies in latin recorded in Venezuela?
- The lowest recorded value was 4.4% in 2019.
- How does Venezuela rank for merchandise exports to low- and middle-income economies in latin?
- Venezuela ranks 16th out of 203 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in latin rising or falling in Venezuela?
- Over the last ten years it is up 124.2%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are 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.