Tariff rate, most favored nation, weighted mean, primary products (%) in Venezuela
Venezuela: Tariff rate, most favored nation, weighted mean, primary products (%) was 23.3% in 2022. ▲ Rising
Tariff rate, most favored nation, weighted mean, primary products in Venezuela, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, most favored nation, weighted mean, primary products in Venezuela stood at 23.3%. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 4.3% on the previous year and up 10.9% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, primary products in Venezuela peaked at 23.3% in 2022 and was at its lowest, 12.1%, in 1995.
That places Venezuela 11th 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, primary products (%) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 14.5% | — |
| 1995 | 12.1% | -16.9% |
| 1997 | 12.7% | +4.8% |
| 1998 | 15.2% | +20.1% |
| 1999 | 14.0% | -7.8% |
| 2000 | 13.5% | -3.6% |
| 2001 | 13.6% | +1.0% |
| 2002 | 14.1% | +3.3% |
| 2003 | 14.4% | +2.6% |
| 2004 | 14.2% | -1.5% |
| 2005 | 14.0% | -1.4% |
| 2006 | 14.3% | +1.7% |
| 2007 | 18.7% | +31.4% |
| 2008 | 20.2% | +7.6% |
| 2009 | 18.3% | -9.1% |
| 2010 | 14.2% | -22.6% |
| 2011 | 21.0% | +48.0% |
| 2012 | 21.0% | +0.0% |
| 2013 | 21.0% | +0.0% |
| 2014 | 17.2% | -18.0% |
| 2015 | 17.2% | +0.0% |
| 2016 | 16.2% | -5.9% |
| 2017 | 19.6% | +21.2% |
| 2018 | 22.8% | +16.1% |
| 2019 | 20.2% | -11.1% |
| 2020 | 22.6% | +11.6% |
| 2021 | 22.3% | -1.2% |
| 2022 | 23.3% | +4.3% |
Venezuela compared with similar countries
- Venezuela's 23.3% is above the median for lower middle income countries, which is 9.5%, 2.4× the median. (46 countries reporting)
- Venezuela's 23.3% is above the median for Latin America & Caribbean, which is 10.9%, 2.1× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.7% | 12.1% | 15.2% | 5 |
| 2000s | 15.5% | 13.5% | 20.2% | 10 |
| 2010s | 19.0% | 14.2% | 22.8% | 10 |
| 2020s | 22.7% | 22.3% | 23.3% | 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, primary products in Venezuela?
- Tariff rate, most favored nation, weighted mean, primary products in Venezuela was 23.3% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, primary products recorded in Venezuela?
- The highest recorded value was 23.3% in 2022.
- What is the lowest tariff rate, most favored nation, weighted mean, primary products recorded in Venezuela?
- The lowest recorded value was 12.1% in 1995.
- How does Venezuela rank for tariff rate, most favored nation, weighted mean, primary products?
- Venezuela ranks 11th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, primary products rising or falling in Venezuela?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, weighted 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
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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).