Venezuela - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Venezuela was 33.37 as of 2020. Its highest value over the past 60 years was 79.67 in 1985, while its lowest value was 33.37 in 2020.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports 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 67.28
1961 66.63
1962 68.55
1963 70.32
1964 70.69
1965 70.49
1966 72.07
1967 70.94
1968 71.50
1969 71.73
1970 71.11
1972 59.13
1973 70.49
1974 68.76
1975 66.61
1976 66.02
1977 66.96
1978 64.94
1979 65.25
1980 61.74
1981 62.08
1982 65.72
1983 73.07
1984 69.32
1985 79.67
1986 70.30
1987 75.26
1988 71.28
1989 74.42
1990 73.05
1991 72.27
1992 71.70
1993 71.15
1994 64.66
1995 66.05
1996 59.37
1997 60.04
1998 55.10
1999 59.51
2000 63.02
2001 60.30
2002 58.12
2003 59.39
2004 51.60
2005 60.48
2006 63.52
2007 66.61
2008 66.66
2009 67.71
2010 64.70
2011 65.26
2012 52.84
2013 53.96
2014 50.45
2015 50.19
2016 49.02
2017 48.90
2018 47.10
2019 38.44
2020 33.37

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. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to 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: Exports