Tariff rate, most favored nation, weighted mean, all products in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Tariff rate, most favored nation, weighted mean, all products was 18.4% in 2022. ▲ Rising
Tariff rate, most favored nation, weighted mean, all products in Venezuela, Bolivarian Republic of, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
Venezuela, Bolivarian Republic of recorded 18.4% for tariff rate, most favored nation, weighted mean, all products in 2022.
Compared with earlier readings it is down 2.8% on the previous year and up 47.0% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Venezuela, Bolivarian Republic of peaked at 18.9% in 2021 and was at its lowest, 12.0%, in 2010.
That places Venezuela, Bolivarian Republic of 6th out of 184 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, weighted mean, all products in Venezuela, Bolivarian Republic of, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 16.4% | — |
| 1995 | 13.1% | -19.9% |
| 1997 | 13.4% | +2.3% |
| 1998 | 13.7% | +2.2% |
| 1999 | 13.0% | -4.9% |
| 2000 | 13.4% | +2.7% |
| 2001 | 14.5% | +8.2% |
| 2002 | 13.7% | -5.3% |
| 2003 | 12.8% | -6.9% |
| 2004 | 13.3% | +4.1% |
| 2005 | 13.6% | +2.5% |
| 2006 | 14.2% | +4.3% |
| 2007 | 15.6% | +9.7% |
| 2008 | 15.0% | -3.6% |
| 2009 | 13.6% | -9.2% |
| 2010 | 12.0% | -11.8% |
| 2011 | 12.5% | +4.2% |
| 2012 | 12.5% | +0.0% |
| 2013 | 12.5% | +0.0% |
| 2014 | 13.9% | +11.4% |
| 2015 | 14.5% | +3.9% |
| 2016 | 13.9% | -4.0% |
| 2017 | 14.5% | +4.5% |
| 2018 | 16.5% | +13.6% |
| 2019 | 16.1% | -2.1% |
| 2020 | 18.9% | +16.8% |
| 2021 | 18.9% | +0.3% |
| 2022 | 18.4% | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.9% | 13.0% | 16.4% | 5 |
| 2000s | 13.9% | 12.8% | 15.6% | 10 |
| 2010s | 13.9% | 12.0% | 16.5% | 10 |
| 2020s | 18.7% | 18.4% | 18.9% | 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, weighted mean, all products in Venezuela, Bolivarian Republic of?
- Tariff rate, most favored nation, weighted mean, all products in Venezuela, Bolivarian Republic of was 18.4% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 18.9% in 2021.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 12.0% in 2010.
- How does Venezuela, Bolivarian Republic of rank for tariff rate, most favored nation, weighted mean, all products?
- Venezuela, Bolivarian Republic of ranks 6th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 47.0%. 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, weighted mean, all 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 most favored nations tariff is the average of most favored nation 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. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database.