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October 2011 |
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| Bolivarian
Rep. of Venezuela |
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| BASIC
INDICATORS |
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| Population
(thousands, 2010) |
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28 834 |
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Rank in world trade,
2010 |
Exports |
Imports |
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| GDP (million
current US$, 2010) |
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387 852 |
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Merchandise |
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44 |
52 |
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| GDP (million
current PPP US$, 2010) |
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344 753 |
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excluding intra-EU trade |
30 |
34 |
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| Current
account balance (million US$, 2010) |
14 378 |
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Commercial services |
|
99 |
54 |
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| Trade per
capita (US$, 2008-2010) |
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4 459 |
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excluding intra-EU trade |
73 |
37 |
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| Trade to GDP
ratio (2008-2010) |
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37.0 |
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Annual percentage change |
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2010 |
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2005-2010 |
2009 |
2010 |
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| Real GDP (2005=100) |
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118 |
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3 |
-3 |
-2 |
| Exports of
goods and services (volume, 2005=100) |
75 |
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-6 |
-13 |
-2 |
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| Imports of
goods and services (volume, 2005=100) |
154 |
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9 |
-20 |
5 |
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| TRADE POLICY |
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| WTO accession |
1 January 1995 |
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Contribution to WTO budget (%, 2011) |
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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6.3 |
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| Tariff binding
coverage (%) |
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100.0 |
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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 2010 |
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Outstanding notifications in WTO Central
Registry |
74 |
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| Simple average
of import duties |
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Goods RTAs - services EIAs notified to WTO |
2 - 0 |
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| All goods |
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36.5 |
12.5 |
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Anti-dumping (30 June 2010) |
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2 |
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| Agricultural
goods (AOA) |
55.7 |
15.0 |
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Countervailing duties (30 June 2010) |
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0 |
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| Non-agricultural
goods |
33.6 |
12.1 |
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Safeguards (22 October 2010) |
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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 (%, 2009) |
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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 |
1.7 |
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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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2010 |
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2005-2010 |
2009 |
2010 |
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| Merchandise exports, f.o.b. (million US$) |
65 786 |
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3 |
-39 |
14 |
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| Merchandise imports, c.i.f. (million US$) |
40 800 |
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11 |
-18 |
1 |
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2010 a |
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2010 a |
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| Share in world total exports |
0.43 |
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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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16.3 |
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| Fuels and
mining products |
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95.3 |
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Fuels and mining products |
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2.3 |
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| Manufactures |
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2.2 |
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Manufactures |
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81.1 |
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| By main destination |
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By main
origin |
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| 1. United
States |
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0.9 |
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1. United States |
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27.3 |
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| 2. Colombia |
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0.7 |
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2. European Union (27) |
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13.3 |
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| 3. European
Union (27) |
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0.6 |
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3. Colombia |
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11.4 |
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| 4. China |
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0.5 |
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4. China |
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10.4 |
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| 5. Mexico |
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0.4 |
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5. Brazil |
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8.8 |
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| Unspecified destinations |
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32.4 |
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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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2010 |
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2005-2010 |
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2009 |
2010 |
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| Commercial services exports (million US$) |
1 493 |
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4 |
-10 |
-17 |
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| Commercial services imports (million US$) |
10 081 |
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14 |
-8 |
9 |
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2010 |
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2010 |
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| Share in world total exports |
0.04 |
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Share in world total imports |
0.29 |
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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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37.4 |
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Transportation |
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39.9 |
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| Travel |
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41.4 |
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Travel |
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15.6 |
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| Other
commercial services |
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21.2 |
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Other commercial services |
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44.4 |
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| INDUSTRIAL
PROPERTY |
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| Patent grants
by patent office, 2000 |
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Trademark registrations by office, 2000 |
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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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9 744 |
8 710 |
... |
18 454 |
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| a Breakdowns by destination/origin refer to
2009. |
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