Tariff rate, applied, weighted mean, manufactured products (%) in Venezuela
Venezuela: Tariff rate, applied, weighted mean, manufactured products (%) was 13.8% in 2022. ▼ Falling
Tariff rate, applied, weighted mean, manufactured products in Venezuela, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, applied, weighted mean, manufactured products in Venezuela stood at 13.8%.
Compared with earlier readings it is down 10.1% on the previous year and up 72.6% over ten years.
Over the whole period, tariff rate, applied, weighted mean, manufactured products in Venezuela peaked at 16.7% in 1992 and was at its lowest, 7.9%, in 2013.
That places Venezuela 11th out of 184 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently falling across the 28 years of available data.
Tariff rate, applied, weighted mean, manufactured products (%) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 16.7% | — |
| 1995 | 11.9% | -28.5% |
| 1997 | 13.6% | +13.7% |
| 1998 | 13.4% | -1.5% |
| 1999 | 12.8% | -4.2% |
| 2000 | 13.3% | +4.3% |
| 2001 | 14.7% | +9.8% |
| 2002 | 13.6% | -7.2% |
| 2003 | 12.2% | -10.0% |
| 2004 | 11.9% | -2.6% |
| 2005 | 13.0% | +8.6% |
| 2006 | 11.1% | -14.4% |
| 2007 | 11.3% | +1.9% |
| 2008 | 9.3% | -17.4% |
| 2009 | 8.9% | -4.7% |
| 2010 | 10.2% | +15.0% |
| 2011 | 8.0% | -21.3% |
| 2012 | 8.0% | -0.5% |
| 2013 | 7.9% | -1.6% |
| 2014 | 10.1% | +27.7% |
| 2015 | 11.8% | +17.2% |
| 2016 | 10.9% | -7.4% |
| 2017 | 10.4% | -4.3% |
| 2018 | 9.7% | -7.4% |
| 2019 | 11.1% | +14.4% |
| 2020 | 15.9% | +43.9% |
| 2021 | 15.4% | -3.4% |
| 2022 | 13.8% | -10.1% |
Venezuela compared with similar countries
- Venezuela's 13.8% is above the median for lower middle income countries, which is 7.4%, 1.9× the median. (46 countries reporting)
- Venezuela's 13.8% is above the median for Latin America & Caribbean, which is 6.7%, 2.0× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.7% | 11.9% | 16.7% | 5 |
| 2000s | 11.9% | 8.9% | 14.7% | 10 |
| 2010s | 9.8% | 7.9% | 11.8% | 10 |
| 2020s | 15.0% | 13.8% | 15.9% | 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, weighted mean, manufactured products in Venezuela?
- Tariff rate, applied, weighted mean, manufactured products in Venezuela was 13.8% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, weighted mean, manufactured products recorded in Venezuela?
- The highest recorded value was 16.7% in 1992.
- What is the lowest tariff rate, applied, weighted mean, manufactured products recorded in Venezuela?
- The lowest recorded value was 7.9% in 2013.
- How does Venezuela rank for tariff rate, applied, weighted mean, manufactured products?
- Venezuela ranks 11th out of 184 countries with data for 2022.
- Is tariff rate, applied, weighted mean, manufactured products rising or falling in Venezuela?
- Over the last ten years it is up 72.6%. 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, weighted mean, manufactured products (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. 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 and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.