Merchandise imports from low- and middle-income economies in Latin in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Merchandise imports from low- and middle-income economies in Latin was 27.1% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in Latin in Venezuela, Bolivarian Republic of, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Venezuela, Bolivarian Republic of recorded 27.1% for merchandise imports from low- and middle-income economies in latin in 2023.
The figure is down 11.5% on the previous year and down 11.9% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in latin in Venezuela, Bolivarian Republic of peaked at 38.0% in 2008 and was at its lowest, 1.7%, in 1961.
Venezuela, Bolivarian Republic of ranks 9th of 206 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports from low- and middle-income economies in Latin in Venezuela, Bolivarian Republic of, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 2.0% | — |
| 1961 | 1.7% | -16.5% |
| 1962 | 2.5% | +50.0% |
| 1963 | 2.9% | +13.2% |
| 1964 | 3.0% | +5.8% |
| 1965 | 2.5% | -18.1% |
| 1966 | 2.2% | -10.2% |
| 1967 | 2.5% | +12.3% |
| 1968 | 2.6% | +3.1% |
| 1969 | 3.4% | +32.7% |
| 1970 | 3.7% | +7.4% |
| 1971 | 3.8% | +4.4% |
| 1972 | 3.9% | +3.1% |
| 1973 | 7.3% | +83.8% |
| 1974 | 6.2% | -14.0% |
| 1975 | 6.2% | -0.4% |
| 1976 | 7.3% | +17.1% |
| 1977 | 9.1% | +24.8% |
| 1978 | 8.2% | -9.3% |
| 1979 | 9.0% | +9.7% |
| 1980 | 7.5% | -17.2% |
| 1981 | 7.3% | -2.0% |
| 1982 | 10.2% | +39.1% |
| 1983 | 11.4% | +11.5% |
| 1984 | 11.8% | +4.0% |
| 1985 | 9.5% | -19.4% |
| 1986 | 8.4% | -11.6% |
| 1987 | 8.9% | +6.0% |
| 1988 | 10.0% | +12.2% |
| 1989 | 9.8% | -2.2% |
| 1990 | 11.1% | +13.1% |
| 1991 | 12.9% | +16.1% |
| 1992 | 14.0% | +8.8% |
| 1993 | 13.3% | -5.3% |
| 1994 | 15.0% | +13.1% |
| 1995 | 21.1% | +41.0% |
| 1996 | 21.7% | +2.7% |
| 1997 | 19.6% | -9.5% |
| 1998 | 18.6% | -5.3% |
| 1999 | 18.6% | -0.1% |
| 2000 | 21.6% | +16.3% |
| 2001 | 25.3% | +16.9% |
| 2002 | 25.0% | -0.9% |
| 2003 | 27.8% | +11.1% |
| 2004 | 31.3% | +12.5% |
| 2005 | 33.6% | +7.3% |
| 2006 | 33.4% | -0.5% |
| 2007 | 37.0% | +10.6% |
| 2008 | 38.0% | +2.7% |
| 2009 | 35.8% | -5.7% |
| 2010 | 31.5% | -11.9% |
| 2011 | 28.1% | -10.8% |
| 2012 | 30.8% | +9.7% |
| 2013 | 30.8% | -0.3% |
| 2014 | 36.2% | +17.6% |
| 2015 | 33.9% | -6.4% |
| 2016 | 31.6% | -6.7% |
| 2017 | 29.8% | -5.8% |
| 2018 | 28.5% | -4.3% |
| 2019 | 26.2% | -8.0% |
| 2020 | 25.5% | -2.9% |
| 2021 | 29.6% | +16.4% |
| 2022 | 30.6% | +3.4% |
| 2023 | 27.1% | -11.5% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 27.1% is above the median for lower middle income countries, which is 2.1%, 13.1× the median. (47 countries reporting)
- Venezuela, Bolivarian Republic of's 27.1% is above the median for Latin America & Caribbean, which is 16.0%, 1.7× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.5% | 1.7% | 3.4% | 10 |
| 1970s | 6.5% | 3.7% | 9.1% | 10 |
| 1980s | 9.5% | 7.3% | 11.8% | 10 |
| 1990s | 16.6% | 11.1% | 21.7% | 10 |
| 2000s | 30.9% | 21.6% | 38.0% | 10 |
| 2010s | 30.7% | 26.2% | 36.2% | 10 |
| 2020s | 28.2% | 25.5% | 30.6% | 4 |
Countries ranked near Venezuela, Bolivarian Republic of
More private sector data for Venezuela, Bolivarian Republic of
- 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 low- and middle-income economies in latin in Venezuela, Bolivarian Republic of?
- Merchandise imports from low- and middle-income economies in latin in Venezuela, Bolivarian Republic of was 27.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in latin recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 38.0% in 2008.
- What is the lowest merchandise imports from low- and middle-income economies in latin recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 1.7% in 1961.
- How does Venezuela, Bolivarian Republic of rank for merchandise imports from low- and middle-income economies in latin?
- Venezuela, Bolivarian Republic of ranks 9th out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in latin rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 11.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of 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 Latin America & the Caribbean (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean 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.