Venezuela - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Venezuela was 25.25 as of 2020. Its highest value over the past 60 years was 94.55 in 1961, while its lowest value was 25.25 in 2020.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 93.22
1961 94.55
1962 93.21
1963 93.90
1964 93.24
1965 93.74
1966 94.22
1967 94.15
1968 94.17
1969 93.46
1970 93.16
1971 92.59
1972 91.34
1973 87.76
1974 89.17
1975 88.43
1976 86.96
1977 85.63
1978 87.74
1979 87.38
1980 88.51
1981 88.49
1982 86.77
1983 84.06
1984 84.32
1985 86.21
1986 87.85
1987 87.98
1988 87.20
1989 85.75
1990 86.69
1991 84.34
1992 83.04
1993 84.34
1994 81.62
1995 76.47
1996 64.64
1997 70.33
1998 69.94
1999 70.32
2000 60.77
2001 55.91
2002 58.78
2003 67.34
2004 62.97
2005 59.38
2006 58.11
2007 46.14
2008 44.90
2009 45.19
2010 43.64
2011 46.44
2012 40.10
2013 35.08
2014 36.74
2015 37.48
2016 39.61
2017 39.19
2018 42.94
2019 31.47
2020 25.25

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports