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April 2013 |
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| Venezuela,
Bolivarian Rep. of |
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| BASIC INDICATORS |
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| Population
(thousands, 2011) |
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29 278 |
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Rank in world trade, 2011 |
Exports |
Imports |
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| GDP (million
current US$, 2011) |
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316 482 |
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Merchandise |
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42 |
53 |
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| GDP (million
current PPP US$, 2011) |
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373 258 |
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excluding intra-EU trade |
29 |
35 |
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| Current account
balance (million US$, 2011) |
27 205 |
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Commercial services |
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102 |
52 |
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| Trade per capita
(US$, 2009-2011) |
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4 379 |
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excluding intra-EU trade |
76 |
35 |
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| Trade to GDP
ratio (2009-2011) |
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36.4 |
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Annual percentage change |
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2011 |
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2005-2011 |
2010 |
2011 |
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| Real GDP (2005=100) |
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125 |
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4 |
-1 |
4 |
| Exports of goods
and services (volume, 2005=100) |
70 |
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-6 |
-13 |
5 |
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| Imports of goods
and services (volume, 2005=100) |
164 |
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9 |
-3 |
15 |
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| TRADE POLICY |
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| WTO accession |
1 January 1995 |
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Contribution to WTO budget (%,
2013) |
0.372 |
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| Trade Policy
Review |
27, 29 November 2002 |
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Import duties collected (%,
2003-2005) |
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| GPA
accession |
- |
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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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6.4 |
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| Tariff binding
coverage (%) |
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100 |
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Number of notifications to WTO and measures in
force |
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| MFN tariffs |
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Final bound |
Applied 2011 |
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Outstanding notifications in WTO Central Registry |
79 |
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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 |
12.5 |
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Anti-dumping (30 June 2012) |
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... |
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| Agricultural
goods (AOA) |
55.3 |
15.0 |
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Countervailing duties (30 June 2012) |
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... |
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| Non-agricultural
goods |
33.6 |
12.1 |
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Safeguards (6 November 2012) |
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0 |
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| Non ad-valorem
duties (% total tariff lines) |
0.0 |
0.0 |
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Number of disputes
(complainant - defendant) |
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| MFN duty free
imports (%, 2010) |
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Requests for consultation |
1 - 2 |
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| in agricultural
goods (AOA) |
0.0 |
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Original panel / Appellate Body (AB) reports |
1 - 0 |
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| in
non-agricultural goods |
1.4 |
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Compliance panel / AB reports (Article
21.5 DSU) |
0 - 0 |
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| Services sectors
with GATS commitments |
63 |
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Arbitration awards (Article
22.6 DSU) |
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0 - 0 |
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| MERCHANDISE
TRADE |
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Value |
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Annual percentage change |
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2011 |
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2005-2011 |
2010 |
2011 |
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| Merchandise exports, f.o.b. (million US$) |
92 811 |
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9 |
14 |
41 |
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| Merchandise imports, c.i.f. (million US$) |
48 200 |
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12 |
-5 |
22 |
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2011 |
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2011 |
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| Share in world total exports |
0.51 |
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Share in world total imports |
0.26 |
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| Breakdown in
economy's total exports |
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Breakdown in economy's total imports |
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| By main commodity group (ITS) |
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By main
commodity group (ITS) |
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| Agricultural
products |
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0.1 |
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Agricultural products |
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16.0 |
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| Fuels and mining
products |
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93.1 |
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Fuels and mining products |
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2.1 |
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| Manufactures |
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2.3 |
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Manufactures |
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81.2 |
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| By main destination |
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By main
origin |
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| 1. European Union
(27) |
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0.6 |
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1. United States |
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27.9 |
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| 2. China |
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0.5 |
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2. European Union (27) |
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13.8 |
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| 3. United States |
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0.5 |
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3. China |
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12.0 |
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| 4. Colombia |
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0.5 |
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4. Brazil |
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8.6 |
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| 5. Brazil |
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0.4 |
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5. Colombia |
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4.2 |
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| Unspecified destinations |
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29.8 |
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Unspecified origins |
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0.0 |
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| COMMERCIAL
SERVICES TRADE |
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Value |
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Annual percentage change |
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2011 |
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2005-2011 |
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2010 |
2011 |
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| Commercial services exports (million US$) |
1 730 |
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6 |
-20 |
6 |
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| Commercial services imports (million US$) |
12 051 |
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15 |
2 |
14 |
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2011 |
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2011 |
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| Share in world total exports |
0.04 |
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Share in world total imports |
0.30 |
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| Breakdown in
economy's total exports |
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Breakdown in economy's total imports |
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| By principal services item |
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By
principal services item |
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| Transportation |
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36.5 |
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Transportation |
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41.5 |
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| Travel |
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44.9 |
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Travel |
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19.9 |
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| Other commercial
services |
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18.6 |
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Other commercial services |
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38.5 |
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| INDUSTRIAL
PROPERTY |
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| Patent grants by
patent office, 2000 |
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Trademark registrations by office, 2011 |
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| Residents |
Non-residents |
Total |
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Direct residents |
Direct non-residents |
Madrid |
Total |
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| 14 |
742 |
756 |
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6 455 |
5 551 |
... |
12 006 |
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