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| March 2010 |
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Bolivarian Rep. of Venezuela |
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BASIC INDICATORS |
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Population (thousands, 2008) |
| 27 943 |
| Rank in world trade, 2008 | Exports | Imports |
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GDP (million current US$, 2008) |
| 313 799 |
| Merchandise |
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| 38 | 50 |
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GDP (million current PPP US$, 2008) |
| 357 795 |
| excluding intra-EU trade | 24 | 32 |
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Current account balance (million US$, 2008) | 37 392 |
| Commercial services |
| 89 | 53 |
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Trade per capita (US$, 2006-2008) |
| 4 708 |
| excluding intra-EU trade | 63 | 35 |
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Trade to GDP ratio (2006-2008) |
| 53.4 |
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| Annual percentage change |
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| 2008 |
| 2000-2008 | 2007 | 2008 |
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Real GDP (2000=100) |
| 142 |
| 5 | 8 | 5 |
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Exports of goods and services (volume, 2000=100) | 93 |
| -1 | -6 | 5 |
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Imports of goods and services (volume, 2000=100) | 288 |
| 14 | 34 | 14 |
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TRADE POLICY |
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| Contribution to WTO budget (%, 2010) | 0.336 |
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WTO accession date | 1 January 1995 |
| Import duties collected (%, 2003-2005) |
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Trade Policy Review date | 27, 29 November 2002 |
| in total tax revenue |
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| 8.7 |
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Tariffs and duty free imports |
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| to total imports |
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| 6.3 |
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Tariff binding coverage (%) |
| 100.0 |
| Number of notifications to WTO and measures in force |
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MFN tariffs |
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| Final bound | Applied 2008 |
| Outstanding notifications in WTO Central Registry | 63 |
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Simple average of import duties |
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| Goods RTAs - services EIAs notified to WTO | 3 - 0 |
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All goods |
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| 36.5 | 13.3 |
| Anti-dumping (30 June 2009) |
| ... |
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Agricultural goods (AOA) | 55.7 | 16.8 |
| Countervailing duties (30 June 2009) | ... |
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Non-agricultural goods | 33.6 | 12.8 |
| Safeguards (19 October 2009) |
| 0 |
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Non ad-valorem duties (% total tariff lines) | 0.0 | 0.0 |
| Number of disputes (complainant - defendant) |
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MFN duty free imports (%, 2006) |
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| Requests for consultation | 1 - 2 |
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in agricultural goods (AOA) | 0.0 |
| Original panel / Appellate Body (AB) reports | 1 - 0 |
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in non-agricultural goods | 4.2 |
| Compliance panel / AB reports (Article 21.5 DSU) | 0 - 0 |
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Services sectors with GATS commitments | 63 |
| Arbitration awards (Article 22.6 DSU) | 0 - 0 |
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MERCHANDISE TRADE |
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| Value |
| Annual percentage change |
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| 2008 |
| 2000-2008 | 2007 | 2008 |
Merchandise exports, f.o.b. (million US$) | 95 138 |
| 14 | 5 | 38 |
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Merchandise imports, c.i.f. (million US$) | 49 602 |
| 15 | 37 | 8 |
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| 2008 |
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| 2008 |
Share in world total exports | 0.59 |
| Share in world total imports | 0.30 |
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Breakdown in economy's total exports |
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By main commodity group (ITS) |
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Agricultural products |
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| 0.2 |
| Agricultural products |
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| 16.0 |
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Fuels and mining products |
| 95.6 |
| Fuels and mining products |
| 2.5 |
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Manufactures |
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| 3.5 |
| Manufactures |
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| 71.8 |
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By main destination |
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1. United States |
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| 40.4 |
| 1. United States |
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| 26.4 |
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2. Netherlands Antilles |
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| 20.2 |
| 2. Colombia |
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| 15.0 |
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3. European Union (27) |
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| 8.5 |
| 3. European Union (27) |
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| 12.9 |
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4. Taipei, Chinese |
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| 4.0 |
| 4. China |
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| 9.4 |
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5. Brazil |
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| 2.7 |
| 5. Brazil |
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| 9.0 |
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COMMERCIAL SERVICES TRADE |
| Value |
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| 2008 |
| 2000-2008 |
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Commercial services exports (million US$) | 2 003 |
| 8 | 14 | 22 |
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Commercial services imports (million US$) | 10 073 |
| 11 | 47 | 19 |
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| 2008 |
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| 2008 |
Share in world total exports | 0.05 |
| Share in world total imports | 0.28 |
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Breakdown in economy's total exports |
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By principal services item |
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Transportation |
| 36.8 |
| Transportation |
| 48.1 |
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Travel |
| 45.8 |
| Travel |
| 17.7 |
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Other commercial services |
| 17.4 |
| Other commercial services |
| 34.2 |
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INDUSTRIAL PROPERTY |
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Patent grants by patent office, 2000 |
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Residents | Non-residents | Total |
| Direct residents | Direct non-residents | Madrid | Total |
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14 | 742 | 756 |
| 9 744 | 8 710 | ... | 18 454 |
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