Merchandise imports from high-income economies in Venezuela
Venezuela: Merchandise imports from high-income economies was 32.7% in 2023. ▼ Falling
Merchandise imports from high-income economies in Venezuela, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
The most recent figure for merchandise imports from high-income economies in Venezuela is 32.7%, measured in 2023.
Compared with earlier readings it is up 3.9% on the previous year and down 32.0% over ten years.
Over the whole period, merchandise imports from high-income economies in Venezuela peaked at 97.2% in 1961 and was at its lowest, 30.3%, in 2021.
That places Venezuela 184th out of 206 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise imports from high-income economies in Venezuela, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 96.4% | — |
| 1961 | 97.2% | +0.8% |
| 1962 | 96.5% | -0.7% |
| 1963 | 96.5% | +0.0% |
| 1964 | 95.8% | -0.7% |
| 1965 | 96.5% | +0.7% |
| 1966 | 96.5% | +0.0% |
| 1967 | 96.6% | +0.1% |
| 1968 | 97.0% | +0.4% |
| 1969 | 95.6% | -1.4% |
| 1970 | 95.7% | +0.1% |
| 1971 | 96.0% | +0.3% |
| 1972 | 96.0% | -0.0% |
| 1973 | 91.4% | -4.8% |
| 1974 | 92.9% | +1.7% |
| 1975 | 93.6% | +0.7% |
| 1976 | 92.6% | -1.1% |
| 1977 | 90.9% | -1.8% |
| 1978 | 90.9% | -0.0% |
| 1979 | 89.9% | -1.0% |
| 1980 | 91.5% | +1.8% |
| 1981 | 91.1% | -0.5% |
| 1982 | 89.2% | -2.1% |
| 1983 | 88.3% | -1.0% |
| 1984 | 87.8% | -0.5% |
| 1985 | 89.6% | +2.0% |
| 1986 | 90.9% | +1.5% |
| 1987 | 90.8% | -0.1% |
| 1988 | 89.7% | -1.2% |
| 1989 | 89.9% | +0.2% |
| 1990 | 88.7% | -1.4% |
| 1991 | 86.8% | -2.1% |
| 1992 | 85.7% | -1.3% |
| 1993 | 86.4% | +0.9% |
| 1994 | 83.5% | -3.4% |
| 1995 | 77.8% | -6.9% |
| 1996 | 77.3% | -0.6% |
| 1997 | 79.2% | +2.5% |
| 1998 | 80.0% | +1.0% |
| 1999 | 81.2% | +1.5% |
| 2000 | 75.6% | -6.9% |
| 2001 | 70.3% | -7.1% |
| 2002 | 71.9% | +2.3% |
| 2003 | 68.7% | -4.4% |
| 2004 | 64.5% | -6.2% |
| 2005 | 60.9% | -5.5% |
| 2006 | 59.9% | -1.6% |
| 2007 | 53.8% | -10.1% |
| 2008 | 52.4% | -2.6% |
| 2009 | 50.9% | -3.0% |
| 2010 | 54.3% | +6.8% |
| 2011 | 54.5% | +0.3% |
| 2012 | 49.6% | -9.0% |
| 2013 | 48.1% | -2.9% |
| 2014 | 45.7% | -5.1% |
| 2015 | 45.7% | -0.1% |
| 2016 | 48.9% | +7.0% |
| 2017 | 48.9% | +0.1% |
| 2018 | 56.4% | +15.3% |
| 2019 | 37.5% | -33.4% |
| 2020 | 30.5% | -18.8% |
| 2021 | 30.3% | -0.5% |
| 2022 | 31.5% | +3.9% |
| 2023 | 32.7% | +3.9% |
Venezuela compared with similar countries
- Venezuela's 32.7% is below the median for lower middle income countries, which is 43.4%, 75% of the median. (47 countries reporting)
- Venezuela's 32.7% is below the median for Latin America & Caribbean, which is 58.3%, 56% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from 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 |
|---|---|---|---|
| 2019 | -33.4% | 56.4% | 37.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 96.5% | 95.6% | 97.2% | 10 |
| 1970s | 93.0% | 89.9% | 96.0% | 10 |
| 1980s | 89.9% | 87.8% | 91.5% | 10 |
| 1990s | 82.7% | 77.3% | 88.7% | 10 |
| 2000s | 62.9% | 50.9% | 75.6% | 10 |
| 2010s | 49.0% | 37.5% | 56.4% | 10 |
| 2020s | 31.2% | 30.3% | 32.7% | 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 from high-income economies in Venezuela?
- Merchandise imports from high-income economies in Venezuela was 32.7% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from high-income economies recorded in Venezuela?
- The highest recorded value was 97.2% in 1961.
- What is the lowest merchandise imports from high-income economies recorded in Venezuela?
- The lowest recorded value was 30.3% in 2021.
- How does Venezuela rank for merchandise imports from high-income economies?
- Venezuela ranks 184th out of 206 countries with data for 2023.
- Is merchandise imports from high-income economies rising or falling in Venezuela?
- Over the last ten years it is down 32.0%. 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 imports from high-income economies (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.