Tariff rate, most favored nation, weighted … manufactured weighted in Venezuela
Venezuela: Tariff rate, most favored nation, weighted … manufactured weighted was 15.7% in 2022. ▬ Flat
Tariff rate, most favored nation, weighted mean, manufactured products in Venezuela, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
Venezuela recorded 15.7% for tariff rate, most favored nation, weighted mean, manufactured products in 2022.
That represents a change of down 7.0% on the previous year and up 48.1% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, manufactured products in Venezuela peaked at 16.9% in 2021 and was at its lowest, 10.6%, in 2013.
That places Venezuela 10th out of 184 countries with data for 2022, putting it in the top 10%.
Tariff rate, most favored nation, weighted … manufactured weighted in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 16.7% | — |
| 1995 | 13.4% | -19.6% |
| 1997 | 13.6% | +1.1% |
| 1998 | 13.4% | -1.5% |
| 1999 | 12.8% | -4.2% |
| 2000 | 13.3% | +4.3% |
| 2001 | 14.7% | +9.8% |
| 2002 | 13.6% | -7.2% |
| 2003 | 12.2% | -10.0% |
| 2004 | 13.0% | +6.4% |
| 2005 | 13.5% | +3.8% |
| 2006 | 14.2% | +4.7% |
| 2007 | 15.1% | +6.4% |
| 2008 | 13.7% | -9.4% |
| 2009 | 12.2% | -10.5% |
| 2010 | 11.5% | -6.0% |
| 2011 | 10.6% | -7.6% |
| 2012 | 10.6% | +0.0% |
| 2013 | 10.6% | -0.1% |
| 2014 | 12.4% | +16.7% |
| 2015 | 13.2% | +6.9% |
| 2016 | 12.7% | -3.7% |
| 2017 | 12.3% | -3.5% |
| 2018 | 11.7% | -5.0% |
| 2019 | 13.4% | +15.0% |
| 2020 | 16.4% | +22.4% |
| 2021 | 16.9% | +2.9% |
| 2022 | 15.7% | -7.0% |
Venezuela compared with similar countries
- Venezuela's 15.7% is above the median for lower middle income countries, which is 9.2%, 1.7× the median. (46 countries reporting)
- Venezuela's 15.7% is above the median for Latin America & Caribbean, which is 9.3%, 1.7× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.0% | 12.8% | 16.7% | 5 |
| 2000s | 13.6% | 12.2% | 15.1% | 10 |
| 2010s | 11.9% | 10.6% | 13.4% | 10 |
| 2020s | 16.3% | 15.7% | 16.9% | 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, weighted mean, manufactured products in Venezuela?
- Tariff rate, most favored nation, weighted mean, manufactured products in Venezuela was 15.7% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, manufactured products recorded in Venezuela?
- The highest recorded value was 16.9% in 2021.
- What is the lowest tariff rate, most favored nation, weighted mean, manufactured products recorded in Venezuela?
- The lowest recorded value was 10.6% in 2013.
- How does Venezuela rank for tariff rate, most favored nation, weighted mean, manufactured products?
- Venezuela ranks 10th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, manufactured products rising or falling in Venezuela?
- Over the last ten years it is up 48.1%. 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, weighted mean, manufactured products (%). Statizoid updates them automatically from the source API.
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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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.