Africa's Development: International trade costs Average … continent in Venezuela
Venezuela: Africa's Development: International trade costs Average … continent was 93.81 Percentage of merchandise value in 2014. ▼ Falling
Africa's Development Dynamics (AfDD) Table 28 - International trade in Venezuela, 2000–2014
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of merchandise value.
Analysis
In 2014, africa's development dynamics (afdd) table 28 - international trade in Venezuela stood at 93.81 Percentage of merchandise value.
The figure is down 0.7% on the previous year and down 5.9% over ten years.
Over the whole period, africa's development dynamics (afdd) table 28 - international trade in Venezuela peaked at 112.47 Percentage of merchandise value in 2003 and was at its lowest, 72.62 Percentage of merchandise value, in 2007.
Venezuela ranks 98th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Africa's Development: International trade costs Average … continent in Venezuela, year by year
| Year | Percentage of merchandise value | Change |
|---|---|---|
| 2000 | 100.11 Percentage of merchandise value | — |
| 2001 | 99.68 Percentage of merchandise value | -0.4% |
| 2002 | 104.9 Percentage of merchandise value | +5.2% |
| 2003 | 112.47 Percentage of merchandise value | +7.2% |
| 2004 | 99.68 Percentage of merchandise value | -11.4% |
| 2005 | 87.07 Percentage of merchandise value | -12.7% |
| 2006 | 73.86 Percentage of merchandise value | -15.2% |
| 2007 | 72.62 Percentage of merchandise value | -1.7% |
| 2008 | 79.09 Percentage of merchandise value | +8.9% |
| 2009 | 84.57 Percentage of merchandise value | +6.9% |
| 2010 | 93.55 Percentage of merchandise value | +10.6% |
| 2011 | 96.19 Percentage of merchandise value | +2.8% |
| 2012 | 95.78 Percentage of merchandise value | -0.4% |
| 2013 | 94.45 Percentage of merchandise value | -1.4% |
| 2014 | 93.81 Percentage of merchandise value | -0.7% |
Venezuela compared with similar countries
- Venezuela's 93.81 Percentage of merchandise value is below the median for lower middle income countries, which is 126.08 Percentage of merchandise value, 74% of the median. (38 countries reporting)
- Venezuela's 93.81 Percentage of merchandise value is below the median for Latin America & Caribbean, which is 102.62 Percentage of merchandise value, 91% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 91.41 Percentage of merchandise value | 72.62 Percentage of merchandise value | 112.47 Percentage of merchandise value | 10 |
| 2010s | 94.76 Percentage of merchandise value | 93.55 Percentage of merchandise value | 96.19 Percentage of merchandise value | 5 |
Countries ranked near Venezuela
- 95 Iran 95.48 Percentage of merchandise value compare
- 96 Namibia 95.06 Percentage of merchandise value compare
- 97 Dominican Republic 95.02 Percentage of merchandise value compare
- 99 Philippines 92.5 Percentage of merchandise value compare
- 100 Uruguay 92.45 Percentage of merchandise value compare
- 101 Tanzania 92.31 Percentage of merchandise value compare
More economy & growth data for Venezuela
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0477 units per US$ of GDP (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 28 - international trade in Venezuela?
- Africa's development dynamics (afdd) table 28 - international trade in Venezuela was 93.81 Percentage of merchandise value in 2014, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 28 - international trade recorded in Venezuela?
- The highest recorded value was 112.47 Percentage of merchandise value in 2003.
- What is the lowest africa's development dynamics (afdd) table 28 - international trade recorded in Venezuela?
- The lowest recorded value was 72.62 Percentage of merchandise value in 2007.
- How does Venezuela rank for africa's development dynamics (afdd) table 28 - international trade?
- Venezuela ranks 98th out of 157 countries with data for 2014.
- Is africa's development dynamics (afdd) table 28 - international trade rising or falling in Venezuela?
- Over the last ten years it is down 5.9%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 28 - International trade costs — Average cost of trade within continent, manufactured goods. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 28 shows the average cost of importing and exporting goods calculated as a percentage of the value of goods traded, broken down by the origin and destination of the trade, whether it is with bordering countries, with countries in the same region, or the same continent.