Merchandise imports by the reporting economy (current US$) in Venezuela
Venezuela: Merchandise imports by the reporting economy (current US$) was 12.27 billion current US$ in 2023. ◆ Volatile
Latest (2023)
12.27 billion current US$
Change on year
up 5.2%
World rank
103rd
of 206 countries
All-time high
59.20 billion current US$
in 2012
All-time low
929.30 million current US$
in 1963
Years of data
64
1960–2023
Merchandise imports by the reporting economy in Venezuela, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Venezuela recorded 12.27 billion current US$ for merchandise imports by the reporting economy in 2023.
Compared with earlier readings it is up 5.2% on the previous year and down 73.4% over ten years.
Over the whole period, merchandise imports by the reporting economy in Venezuela peaked at 59.20 billion current US$ in 2012 and was at its lowest, 929.30 million current US$, in 1963.
That places Venezuela 103rd out of 206 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$) in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 1.13 billion current US$ | — |
| 1961 | 1.06 billion current US$ | -6.1% |
| 1962 | 1.05 billion current US$ | -0.8% |
| 1963 | 929.30 million current US$ | -11.7% |
| 1964 | 1.23 billion current US$ | +32.3% |
| 1965 | 1.41 billion current US$ | +14.8% |
| 1966 | 1.31 billion current US$ | -7.5% |
| 1967 | 1.44 billion current US$ | +10.3% |
| 1968 | 1.66 billion current US$ | +15.6% |
| 1969 | 1.69 billion current US$ | +1.6% |
| 1970 | 1.91 billion current US$ | +12.7% |
| 1971 | 1.94 billion current US$ | +2.1% |
| 1972 | 2.25 billion current US$ | +15.9% |
| 1973 | 2.66 billion current US$ | +18.2% |
| 1974 | 4.01 billion current US$ | +50.4% |
| 1975 | 5.54 billion current US$ | +38.2% |
| 1976 | 6.68 billion current US$ | +20.5% |
| 1977 | 9.33 billion current US$ | +39.7% |
| 1978 | 11.27 billion current US$ | +20.8% |
| 1979 | 10.31 billion current US$ | -8.5% |
| 1980 | 11.94 billion current US$ | +15.8% |
| 1981 | 13.00 billion current US$ | +8.9% |
| 1982 | 12.47 billion current US$ | -4.1% |
| 1983 | 6.06 billion current US$ | -51.4% |
| 1984 | 7.40 billion current US$ | +22.1% |
| 1985 | 7.73 billion current US$ | +4.4% |
| 1986 | 8.11 billion current US$ | +5.0% |
| 1987 | 9.29 billion current US$ | +14.4% |
| 1988 | 12.27 billion current US$ | +32.2% |
| 1989 | 7.22 billion current US$ | -41.1% |
| 1990 | 6.53 billion current US$ | -9.6% |
| 1991 | 10.73 billion current US$ | +64.2% |
| 1992 | 13.16 billion current US$ | +22.6% |
| 1993 | 12.10 billion current US$ | -8.1% |
| 1994 | 7.91 billion current US$ | -34.6% |
| 1995 | 10.63 billion current US$ | +34.5% |
| 1996 | 8.77 billion current US$ | -17.5% |
| 1997 | 13.10 billion current US$ | +49.5% |
| 1998 | 14.14 billion current US$ | +7.9% |
| 1999 | 11.44 billion current US$ | -19.1% |
| 2000 | 15.26 billion current US$ | +33.4% |
| 2001 | 17.10 billion current US$ | +12.1% |
| 2002 | 12.18 billion current US$ | -28.8% |
| 2003 | 8.20 billion current US$ | -32.7% |
| 2004 | 14.70 billion current US$ | +79.2% |
| 2005 | 21.08 billion current US$ | +43.4% |
| 2006 | 29.47 billion current US$ | +39.8% |
| 2007 | 45.49 billion current US$ | +54.4% |
| 2008 | 48.72 billion current US$ | +7.1% |
| 2009 | 40.95 billion current US$ | -15.9% |
| 2010 | 37.16 billion current US$ | -9.3% |
| 2011 | 49.66 billion current US$ | +33.6% |
| 2012 | 59.20 billion current US$ | +19.2% |
| 2013 | 46.18 billion current US$ | -22.0% |
| 2014 | 42.78 billion current US$ | -7.4% |
| 2015 | 33.39 billion current US$ | -21.9% |
| 2016 | 17.45 billion current US$ | -47.7% |
| 2017 | 11.59 billion current US$ | -33.6% |
| 2018 | 12.15 billion current US$ | +4.8% |
| 2019 | 6.83 billion current US$ | -43.7% |
| 2020 | 7.77 billion current US$ | +13.8% |
| 2021 | 8.84 billion current US$ | +13.7% |
| 2022 | 11.66 billion current US$ | +31.9% |
| 2023 | 12.27 billion current US$ | +5.2% |
Venezuela compared with similar countries
- Venezuela's 12.27 billion current US$ is above the median for lower middle income countries, which is 8.62 billion current US$, 1.4× the median. (47 countries reporting)
- Venezuela's 12.27 billion current US$ is above the median for Latin America & Caribbean, which is 8.49 billion current US$, 1.4× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.29 billion current US$ | 929.30 million current US$ | 1.69 billion current US$ | 10 |
| 1970s | 5.59 billion current US$ | 1.91 billion current US$ | 11.27 billion current US$ | 10 |
| 1980s | 9.55 billion current US$ | 6.06 billion current US$ | 13.00 billion current US$ | 10 |
| 1990s | 10.85 billion current US$ | 6.53 billion current US$ | 14.14 billion current US$ | 10 |
| 2000s | 25.31 billion current US$ | 8.20 billion current US$ | 48.72 billion current US$ | 10 |
| 2010s | 31.64 billion current US$ | 6.83 billion current US$ | 59.20 billion current US$ | 10 |
| 2020s | 10.14 billion current US$ | 7.77 billion current US$ | 12.27 billion current US$ | 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$), annual growth rate -40.13 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy in Venezuela?
- Merchandise imports by the reporting economy in Venezuela was 12.27 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy recorded in Venezuela?
- The highest recorded value was 59.20 billion current US$ in 2012.
- What is the lowest merchandise imports by the reporting economy recorded in Venezuela?
- The lowest recorded value was 929.30 million current US$ in 1963.
- How does Venezuela rank for merchandise imports by the reporting economy?
- Venezuela ranks 103rd out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy rising or falling in Venezuela?
- Over the last ten years it is down 73.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.