Venezuela - Tariff rate, most favored nation, simple mean, manufactured products (%)

Tariff rate, most favored nation, simple mean, manufactured products (%) in Venezuela was 15.25 as of 2020. Its highest value over the past 28 years was 17.02 in 1992, while its lowest value was 12.30 in 1997.

Definition: 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.

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrate

See also:

Year Value
1992 17.02
1995 13.94
1997 12.30
1998 12.33
1999 12.39
2000 12.34
2001 12.37
2002 12.72
2003 12.70
2004 12.38
2005 12.37
2006 13.09
2007 13.09
2008 13.21
2009 13.21
2010 13.21
2011 13.21
2012 13.21
2013 13.20
2014 12.90
2015 13.34
2016 13.07
2017 15.25
2018 15.25
2019 15.25
2020 15.25

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs