Merchandise imports from low- and middle-income economies … Europe in Venezuela
Venezuela: Merchandise imports from low- and middle-income economies … Europe was 3.1% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in Europe & 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 low- and middle-income economies in europe & in Venezuela is 3.1%, measured in 2023.
Compared with earlier readings it is down 5.3% on the previous year and up 505.7% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in europe & in Venezuela peaked at 3.5% in 2021 and was at its lowest, 0.0%, in 1974.
That places Venezuela 66th 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 from low- and middle-income economies … Europe in Venezuela, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 0.0% | — |
| 1961 | 0.0% | +219.3% |
| 1962 | 0.0% | -32.8% |
| 1963 | 0.0% | -43.4% |
| 1964 | 0.0% | +126.8% |
| 1965 | 0.0% | -71.0% |
| 1966 | 0.0% | +116.2% |
| 1967 | 0.0% | -54.7% |
| 1969 | 0.0% | -14.9% |
| 1970 | 0.0% | -11.3% |
| 1973 | 0.0% | +257.5% |
| 1974 | 0.0% | -86.7% |
| 1978 | 0.0% | +6.7% |
| 1979 | 0.0% | +191.5% |
| 1980 | 0.0% | -35.2% |
| 1981 | 0.0% | +53.1% |
| 1982 | 0.0% | +129.4% |
| 1983 | 0.0% | +2.9% |
| 1984 | 0.0% | +63.8% |
| 1985 | 0.1% | +235.1% |
| 1986 | 0.1% | -18.3% |
| 1987 | 0.0% | -65.6% |
| 1988 | 0.0% | -28.8% |
| 1989 | 0.0% | +96.1% |
| 1990 | 0.0% | -5.3% |
| 1991 | 0.1% | +49.1% |
| 1992 | 0.1% | +9.0% |
| 1993 | 0.0% | -27.9% |
| 1994 | 0.1% | +200.3% |
| 1995 | 0.2% | +33.4% |
| 1996 | 0.1% | -36.2% |
| 1997 | 0.1% | -19.4% |
| 1998 | 0.1% | +59.0% |
| 2000 | 0.1% | -1.6% |
| 2001 | 0.1% | +1.6% |
| 2002 | 0.2% | +22.5% |
| 2003 | 0.4% | +132.8% |
| 2004 | 0.2% | -49.3% |
| 2005 | 0.2% | +7.0% |
| 2006 | 0.2% | -13.8% |
| 2007 | 0.2% | +11.1% |
| 2008 | 0.2% | -8.2% |
| 2009 | 0.5% | +148.1% |
| 2010 | 0.4% | -12.9% |
| 2011 | 0.4% | -12.7% |
| 2012 | 0.3% | -24.9% |
| 2013 | 0.5% | +84.0% |
| 2014 | 0.3% | -35.6% |
| 2015 | 0.3% | -17.7% |
| 2016 | 0.2% | -40.6% |
| 2017 | 0.7% | +322.6% |
| 2018 | 1.4% | +104.3% |
| 2019 | 2.2% | +62.0% |
| 2020 | 3.2% | +43.7% |
| 2021 | 3.5% | +11.1% |
| 2022 | 3.2% | -9.0% |
| 2023 | 3.1% | -5.3% |
Venezuela compared with similar countries
- Venezuela's 3.1% is above the median for lower middle income countries, which is 1.7%, 1.8× the median. (47 countries reporting)
- Venezuela's 3.1% is above the median for Latin America & Caribbean, which is 0.6%, 5.1× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0% | 0.0% | 0.0% | 9 |
| 1970s | 0.0% | 0.0% | 0.0% | 5 |
| 1980s | 0.0% | 0.0% | 0.1% | 10 |
| 1990s | 0.1% | 0.0% | 0.2% | 9 |
| 2000s | 0.2% | 0.1% | 0.5% | 10 |
| 2010s | 0.7% | 0.2% | 2.2% | 10 |
| 2020s | 3.3% | 3.1% | 3.5% | 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)
- Commercial service imports 5.95 billion current US$ (2025)
- Food exports 0.0% (2013)
- Manufactures exports 1.8% (2013)
- Merchandise exports 8.60 billion current US$ (2025)
- Commercial service exports 1.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
Frequently asked questions
- What is merchandise imports from low- and middle-income economies in europe & in Venezuela?
- Merchandise imports from low- and middle-income economies in europe & in Venezuela was 3.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in europe & recorded in Venezuela?
- The highest recorded value was 3.5% in 2021.
- What is the lowest merchandise imports from low- and middle-income economies in europe & recorded in Venezuela?
- The lowest recorded value was 0.0% in 1974.
- How does Venezuela rank for merchandise imports from low- and middle-income economies in europe &?
- Venezuela ranks 66th out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in europe & rising or falling in Venezuela?
- Over the last ten years it is up 505.7%. 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 from low- and middle-income economies in Europe & Central Asia (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise imports from low- and middle-income economies in Europe and Central Asia are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Europe and Central Asia region 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.