Tariff rate, applied, simple mean, all products (%) in Venezuela
Venezuela: Tariff rate, applied, simple mean, all products (%) was 12.7% in 2022. ▼ Falling
Tariff rate, applied, simple mean, all products in Venezuela, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, applied, simple mean, all products in Venezuela stood at 12.7%.
Compared with earlier readings it is down 2.4% on the previous year and up 7.6% over ten years.
Over the whole period, tariff rate, applied, simple mean, all products in Venezuela peaked at 17.1% in 1992 and was at its lowest, 10.9%, in 2018.
That places Venezuela 32nd out of 184 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Tariff rate, applied, simple mean, all products (%) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 17.1% | — |
| 1995 | 12.8% | -25.3% |
| 1997 | 12.8% | +0.2% |
| 1998 | 13.0% | +1.4% |
| 1999 | 13.3% | +2.3% |
| 2000 | 13.2% | -0.5% |
| 2001 | 13.4% | +1.1% |
| 2002 | 13.6% | +1.8% |
| 2003 | 13.3% | -2.1% |
| 2004 | 12.5% | -6.3% |
| 2005 | 12.7% | +1.3% |
| 2006 | 12.3% | -2.7% |
| 2007 | 11.8% | -4.0% |
| 2008 | 12.2% | +3.5% |
| 2009 | 12.2% | -0.2% |
| 2010 | 13.1% | +7.0% |
| 2011 | 11.8% | -9.5% |
| 2012 | 11.8% | +0.1% |
| 2013 | 11.7% | -1.6% |
| 2014 | 11.0% | -5.3% |
| 2015 | 11.8% | +7.2% |
| 2016 | 11.2% | -5.2% |
| 2017 | 11.9% | +6.1% |
| 2018 | 10.9% | -7.9% |
| 2019 | 11.9% | +8.8% |
| 2020 | 14.4% | +21.3% |
| 2021 | 13.1% | -9.6% |
| 2022 | 12.7% | -2.4% |
Venezuela compared with similar countries
- Venezuela's 12.7% is above the median for lower middle income countries, which is 11.4%, 1.1× the median. (46 countries reporting)
- Venezuela's 12.7% is above the median for Latin America & Caribbean, which is 9.4%, 1.3× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.8% | 12.8% | 17.1% | 5 |
| 2000s | 12.7% | 11.8% | 13.6% | 10 |
| 2010s | 11.7% | 10.9% | 13.1% | 10 |
| 2020s | 13.4% | 12.7% | 14.4% | 3 |
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 tariff rate, applied, simple mean, all products in Venezuela?
- Tariff rate, applied, simple mean, all products in Venezuela was 12.7% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, simple mean, all products recorded in Venezuela?
- The highest recorded value was 17.1% in 1992.
- What is the lowest tariff rate, applied, simple mean, all products recorded in Venezuela?
- The lowest recorded value was 10.9% in 2018.
- How does Venezuela rank for tariff rate, applied, simple mean, all products?
- Venezuela ranks 32nd out of 184 countries with data for 2022.
- Is tariff rate, applied, simple mean, all products rising or falling in Venezuela?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, simple mean, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs.