Tariff rate, most favored nation, simple mean, manufactured products in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Tariff rate, most favored nation, simple mean, manufactured products was 15.2% in 2022. ▲ Rising
Tariff rate, most favored nation, simple mean, manufactured products in Venezuela, Bolivarian Republic of, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
Venezuela, Bolivarian Republic of recorded 15.2% for tariff rate, most favored nation, simple mean, manufactured products in 2022.
That represents a change of up 15.4% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, manufactured products in Venezuela, Bolivarian Republic of peaked at 17.0% in 1992 and was at its lowest, 12.3%, in 1997.
That places Venezuela, Bolivarian Republic of 17th out of 186 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 28 years of available data.
Tariff rate, most favored nation, simple mean, manufactured products in Venezuela, Bolivarian Republic of, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 17.0% | — |
| 1995 | 13.9% | -18.1% |
| 1997 | 12.3% | -11.8% |
| 1998 | 12.3% | +0.2% |
| 1999 | 12.4% | +0.5% |
| 2000 | 12.3% | -0.4% |
| 2001 | 12.4% | +0.2% |
| 2002 | 12.7% | +2.8% |
| 2003 | 12.7% | -0.2% |
| 2004 | 12.4% | -2.5% |
| 2005 | 12.4% | -0.1% |
| 2006 | 13.1% | +5.8% |
| 2007 | 13.1% | +0.0% |
| 2008 | 13.2% | +0.9% |
| 2009 | 13.2% | +0.0% |
| 2010 | 13.2% | +0.0% |
| 2011 | 13.2% | +0.0% |
| 2012 | 13.2% | +0.0% |
| 2013 | 13.2% | -0.1% |
| 2014 | 12.9% | -2.3% |
| 2015 | 13.3% | +3.4% |
| 2016 | 13.1% | -2.0% |
| 2017 | 15.2% | +16.7% |
| 2018 | 15.2% | +0.0% |
| 2019 | 15.2% | +0.0% |
| 2020 | 15.2% | +0.0% |
| 2021 | 15.2% | +0.0% |
| 2022 | 15.2% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.6% | 12.3% | 17.0% | 5 |
| 2000s | 12.7% | 12.3% | 13.2% | 10 |
| 2010s | 13.8% | 12.9% | 15.2% | 10 |
| 2020s | 15.2% | 15.2% | 15.2% | 3 |
Countries ranked near Venezuela, Bolivarian Republic of
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, manufactured products in Venezuela, Bolivarian Republic of?
- Tariff rate, most favored nation, simple mean, manufactured products in Venezuela, Bolivarian Republic of was 15.2% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, manufactured products recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 17.0% in 1992.
- What is the lowest tariff rate, most favored nation, simple mean, manufactured products recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 12.3% in 1997.
- How does Venezuela, Bolivarian Republic of rank for tariff rate, most favored nation, simple mean, manufactured products?
- Venezuela, Bolivarian Republic of ranks 17th out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, manufactured products rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is rising.
- 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, manufactured 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 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.