Tariff rate, most favored nation, simple mean, all products (%) in Venezuela
Venezuela: 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, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, most favored nation, simple mean, all products in Venezuela 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 peaked at 16.6% in 1992 and was at its lowest, 12.4%, in 1997.
That places Venezuela 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, 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% |
Venezuela compared with similar countries
- Venezuela's 14.0% is above the median for lower middle income countries, which is 12.0%, 1.2× the median. (46 countries reporting)
- Venezuela's 14.0% is above the median for Latin America & Caribbean, which is 9.9%, 1.4× the median. (35 countries reporting)
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
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, most favored nation, simple mean, all products in Venezuela?
- Tariff rate, most favored nation, simple mean, all products in Venezuela 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?
- 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?
- The lowest recorded value was 12.4% in 1997.
- How does Venezuela rank for tariff rate, most favored nation, simple mean, all products?
- Venezuela 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?
- Over the last ten years it is up 5.0%. The long-run trend across the full record is flat.
- Where does this Venezuela 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.
Download this data
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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.