Merchandise imports from low- and middle-income economies … within in Venezuela
Venezuela: Merchandise imports from low- and middle-income economies … within was 27.1% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies within in Venezuela, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Venezuela recorded 27.1% for merchandise imports from low- and middle-income economies within in 2023.
Compared with earlier readings it 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 within in Venezuela peaked at 38.0% in 2008 and was at its lowest, 1.7%, in 1961.
Venezuela ranks 58th of 203 countries on this measure, 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 … within in Venezuela, 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 compared with similar countries
- Venezuela's 27.1% is above the median for lower middle income countries, which is 19.5%, 1.4× the median. (47 countries reporting)
- Venezuela'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
- 55 Tajikistan 28.7% compare
- 56 French Polynesia 28.3% compare
- 57 Burkina Faso 27.7% compare
- 59 Uganda 26.9% compare
- 60 Chile 26.9% compare
- 61 Georgia 26.6% compare
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 within in Venezuela?
- Merchandise imports from low- and middle-income economies within in Venezuela was 27.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies within recorded in Venezuela?
- The highest recorded value was 38.0% in 2008.
- What is the lowest merchandise imports from low- and middle-income economies within recorded in Venezuela?
- The lowest recorded value was 1.7% in 1961.
- How does Venezuela rank for merchandise imports from low- and middle-income economies within?
- Venezuela ranks 58th out of 203 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies within rising or falling in Venezuela?
- Over the last ten years it is down 11.9%. 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 within 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 within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.