Venezuela - Tariff rate, applied, simple mean, primary products (%)

Tariff rate, applied, simple mean, primary products (%) in Venezuela was 13.36 as of 2020. Its highest value over the past 28 years was 16.25 in 1992, while its lowest value was 9.45 in 2018.

Definition: Simple mean applied tariff is the unweighted average of effectively applied 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. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

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 16.25
1995 11.67
1997 13.05
1998 13.70
1999 13.58
2000 13.50
2001 13.74
2002 13.84
2003 13.85
2004 12.36
2005 12.22
2006 10.77
2007 11.07
2008 11.70
2009 11.82
2010 12.21
2011 11.57
2012 11.49
2013 11.17
2014 10.94
2015 10.58
2016 11.16
2017 10.80
2018 9.45
2019 11.45
2020 13.36

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs