Tariff rate, most favored nation, simple mean, primary products (%) in Venezuela
Venezuela: Tariff rate, most favored nation, simple mean, primary products (%) was 10.5% in 2022. ▼ Falling
Tariff rate, most favored nation, simple mean, primary products in Venezuela, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, most favored nation, simple mean, primary products in Venezuela is 10.5%, measured in 2022. That is the lowest value across all 28 years on record.
That represents a change of down 24.2% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, primary products in Venezuela peaked at 15.1% in 1992 and was at its lowest, 10.5%, in 2017.
Venezuela ranks 80th of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Tariff rate, most favored nation, simple mean, primary products (%) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 15.1% | — |
| 1995 | 12.8% | -15.3% |
| 1997 | 12.7% | -0.9% |
| 1998 | 12.8% | +0.8% |
| 1999 | 12.7% | -0.8% |
| 2000 | 12.7% | +0.2% |
| 2001 | 12.7% | +0.2% |
| 2002 | 12.7% | +0.0% |
| 2003 | 12.7% | -0.1% |
| 2004 | 12.7% | -0.4% |
| 2005 | 12.6% | -0.1% |
| 2006 | 12.8% | +1.0% |
| 2007 | 13.6% | +6.3% |
| 2008 | 13.8% | +1.6% |
| 2009 | 13.8% | +0.0% |
| 2010 | 13.0% | -5.9% |
| 2011 | 13.8% | +6.2% |
| 2012 | 13.8% | +0.0% |
| 2013 | 13.8% | +0.0% |
| 2014 | 13.4% | -3.0% |
| 2015 | 12.5% | -6.7% |
| 2016 | 11.7% | -6.0% |
| 2017 | 10.5% | -10.9% |
| 2018 | 10.5% | +0.0% |
| 2019 | 10.5% | +0.0% |
| 2020 | 10.5% | +0.0% |
| 2021 | 10.5% | +0.0% |
| 2022 | 10.5% | +0.0% |
Venezuela compared with similar countries
- Venezuela's 10.5% is below the median for lower middle income countries, which is 12.9%, 81% of the median. (46 countries reporting)
- Venezuela's 10.5% is above the median for Latin America & Caribbean, which is 10.3%, 1.0× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.2% | 12.7% | 15.1% | 5 |
| 2000s | 13.0% | 12.6% | 13.8% | 10 |
| 2010s | 12.3% | 10.5% | 13.8% | 10 |
| 2020s | 10.5% | 10.5% | 10.5% | 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, primary products in Venezuela?
- Tariff rate, most favored nation, simple mean, primary products in Venezuela was 10.5% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, primary products recorded in Venezuela?
- The highest recorded value was 15.1% in 1992.
- What is the lowest tariff rate, most favored nation, simple mean, primary products recorded in Venezuela?
- The lowest recorded value was 10.5% in 2017.
- How does Venezuela rank for tariff rate, most favored nation, simple mean, primary products?
- Venezuela ranks 80th out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, primary products rising or falling in Venezuela?
- Over the last ten years it is down 24.2%. 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, most favored nation, simple mean, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).