Merchandise imports from low- and middle-income economies outside in Venezuela
Venezuela: Merchandise imports from low- and middle-income economies outside was 40.2% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies outside in Venezuela, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Venezuela recorded 40.2% for merchandise imports from low- and middle-income economies outside in 2023.
That represents a change of up 6.1% on the previous year and up 90.5% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies outside in Venezuela peaked at 44.1% in 2020 and was at its lowest, 0.0%, in 1977.
Venezuela ranks 29th of 206 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports from low- and middle-income economies outside in Venezuela, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 1.6% | — |
| 1961 | 1.1% | -28.2% |
| 1962 | 1.0% | -12.0% |
| 1963 | 0.6% | -35.1% |
| 1964 | 1.2% | +85.8% |
| 1965 | 1.0% | -14.1% |
| 1966 | 1.3% | +24.8% |
| 1967 | 0.9% | -30.7% |
| 1968 | 0.4% | -49.9% |
| 1969 | 1.0% | +123.8% |
| 1970 | 0.6% | -39.6% |
| 1971 | 0.1% | -76.6% |
| 1972 | 0.0% | -68.0% |
| 1973 | 1.4% | +3003.7% |
| 1974 | 0.9% | -36.4% |
| 1975 | 0.2% | -75.1% |
| 1976 | 0.2% | -21.2% |
| 1977 | 0.0% | -78.8% |
| 1978 | 0.9% | +2409.8% |
| 1979 | 1.1% | +14.8% |
| 1980 | 1.0% | -2.2% |
| 1981 | 1.6% | +58.0% |
| 1982 | 0.6% | -60.9% |
| 1983 | 0.4% | -40.0% |
| 1984 | 0.4% | +1.4% |
| 1985 | 0.9% | +132.0% |
| 1986 | 0.7% | -25.9% |
| 1987 | 0.3% | -58.8% |
| 1988 | 0.3% | +3.1% |
| 1989 | 0.3% | +1.8% |
| 1990 | 0.3% | -8.0% |
| 1991 | 0.3% | +23.8% |
| 1992 | 0.3% | +2.8% |
| 1993 | 0.3% | -9.0% |
| 1994 | 1.5% | +386.2% |
| 1995 | 1.1% | -27.4% |
| 1996 | 1.0% | -6.7% |
| 1997 | 1.1% | +10.7% |
| 1998 | 1.4% | +25.6% |
| 1999 | 0.2% | -85.0% |
| 2000 | 2.8% | +1226.0% |
| 2001 | 4.5% | +61.2% |
| 2002 | 3.1% | -31.7% |
| 2003 | 3.5% | +12.7% |
| 2004 | 4.2% | +22.8% |
| 2005 | 5.5% | +30.2% |
| 2006 | 6.7% | +21.1% |
| 2007 | 9.2% | +37.6% |
| 2008 | 9.6% | +4.2% |
| 2009 | 13.3% | +38.9% |
| 2010 | 14.1% | +6.1% |
| 2011 | 17.4% | +22.9% |
| 2012 | 19.5% | +12.6% |
| 2013 | 21.1% | +7.9% |
| 2014 | 18.1% | -14.0% |
| 2015 | 20.5% | +12.9% |
| 2016 | 19.6% | -4.6% |
| 2017 | 21.3% | +9.1% |
| 2018 | 15.2% | -28.9% |
| 2019 | 36.3% | +139.2% |
| 2020 | 44.1% | +21.5% |
| 2021 | 40.1% | -9.1% |
| 2022 | 37.9% | -5.5% |
| 2023 | 40.2% | +6.1% |
Venezuela compared with similar countries
- Venezuela's 40.2% is above the median for lower middle income countries, which is 29.9%, 1.3× the median. (47 countries reporting)
- Venezuela's 40.2% is above the median for Latin America & Caribbean, which is 20.2%, 2.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies outside 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 |
|---|---|---|---|
| 1973 | +3003.7% | 0.0% | 1.4% |
| 1978 | +2409.8% | 0.0% | 0.9% |
| 2000 | +1226.0% | 0.2% | 2.8% |
| 1994 | +386.2% | 0.3% | 1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.0% | 0.4% | 1.6% | 10 |
| 1970s | 0.5% | 0.0% | 1.4% | 10 |
| 1980s | 0.6% | 0.3% | 1.6% | 10 |
| 1990s | 0.8% | 0.2% | 1.5% | 10 |
| 2000s | 6.2% | 2.8% | 13.3% | 10 |
| 2010s | 20.3% | 14.1% | 36.3% | 10 |
| 2020s | 40.5% | 37.9% | 44.1% | 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 low- and middle-income economies outside in Venezuela?
- Merchandise imports from low- and middle-income economies outside in Venezuela was 40.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies outside recorded in Venezuela?
- The highest recorded value was 44.1% in 2020.
- What is the lowest merchandise imports from low- and middle-income economies outside recorded in Venezuela?
- The lowest recorded value was 0.0% in 1977.
- How does Venezuela rank for merchandise imports from low- and middle-income economies outside?
- Venezuela ranks 29th out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies outside rising or falling in Venezuela?
- Over the last ten years it is up 90.5%. 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 outside region (% 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 outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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.