Tariff rate, most favored nation, simple mean, all products in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Tariff rate, most favored nation, simple mean, all products was 14.0% in 2022. ▬ Flat
Tariff rate, most favored nation, simple mean, all products in Venezuela, Bolivarian Republic of, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, most favored nation, simple mean, all products in Venezuela, Bolivarian Republic of is 14.0%, measured in 2022.
The figure is up 5.0% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, all products in Venezuela, Bolivarian Republic of peaked at 16.6% in 1992 and was at its lowest, 12.4%, in 1997.
That places Venezuela, Bolivarian Republic of 26th out of 186 countries with data for 2022, putting it in the top quarter.
Tariff rate, most favored nation, simple mean, all products in Venezuela, Bolivarian Republic of, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 16.6% | — |
| 1995 | 13.7% | -17.5% |
| 1997 | 12.4% | -9.5% |
| 1998 | 12.4% | +0.3% |
| 1999 | 12.4% | +0.2% |
| 2000 | 12.4% | -0.3% |
| 2001 | 12.4% | +0.3% |
| 2002 | 12.7% | +2.2% |
| 2003 | 12.7% | -0.2% |
| 2004 | 12.4% | -2.0% |
| 2005 | 12.4% | -0.1% |
| 2006 | 13.0% | +4.6% |
| 2007 | 13.2% | +1.5% |
| 2008 | 13.3% | +1.1% |
| 2009 | 13.3% | +0.0% |
| 2010 | 13.1% | -1.4% |
| 2011 | 13.3% | +1.4% |
| 2012 | 13.3% | +0.0% |
| 2013 | 13.3% | +0.0% |
| 2014 | 13.0% | -2.5% |
| 2015 | 13.1% | +0.7% |
| 2016 | 12.7% | -3.0% |
| 2017 | 14.0% | +10.2% |
| 2018 | 14.0% | +0.0% |
| 2019 | 14.0% | +0.0% |
| 2020 | 14.0% | +0.0% |
| 2021 | 14.0% | +0.0% |
| 2022 | 14.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.5% | 12.4% | 16.6% | 5 |
| 2000s | 12.8% | 12.4% | 13.3% | 10 |
| 2010s | 13.4% | 12.7% | 14.0% | 10 |
| 2020s | 14.0% | 14.0% | 14.0% | 3 |
Countries ranked near Venezuela, Bolivarian Republic of
- 23 Morocco 14.4% compare
- 24 Zambia 14.3% compare
- 25 Bangladesh 14.1% compare
- 27 Solomon Islands 14.0% compare
- 28 Barbados 13.9% compare
- 29 Tanzania, United Republic of 13.8% compare
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 tariff rate, most favored nation, simple mean, all products in Venezuela, Bolivarian Republic of?
- Tariff rate, most favored nation, simple mean, all products in Venezuela, Bolivarian Republic of was 14.0% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, all products recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 16.6% in 1992.
- What is the lowest tariff rate, most favored nation, simple mean, all products recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 12.4% in 1997.
- How does Venezuela, Bolivarian Republic of rank for tariff rate, most favored nation, simple mean, all products?
- Venezuela, Bolivarian Republic of ranks 26th out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, all products rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 5.0%. The long-run trend across the full record is flat.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, simple mean, all products (%). Statizoid updates them automatically from the source API.
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About this data
Simple mean most favored nation tariff rate is the unweighted average of most favored nation 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.