Goods imports in Venezuela
Venezuela: Goods imports was 16.34 billion BoP, current US$ in 2016. ◆ Volatile
Latest (2016)
16.34 billion BoP, current US$
Change on year
down 50.9%
World rank
91st
of 200 countries
All-time high
65.92 billion BoP, current US$
in 2012
All-time low
1.71 billion BoP, current US$
in 1970
Years of data
47
1970–2016
Goods imports in Venezuela, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Venezuela recorded 16.34 billion BoP, current US$ for goods imports in 2016.
The figure is down 50.9% on the previous year and down 51.3% over ten years.
Over the whole period, goods imports in Venezuela peaked at 65.92 billion BoP, current US$ in 2012 and was at its lowest, 1.71 billion BoP, current US$, in 1970.
That places Venezuela 91st out of 200 countries with data for 2016, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods imports in Venezuela, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1970 | 1.71 billion BoP, current US$ | — |
| 1971 | 1.90 billion BoP, current US$ | +10.7% |
| 1972 | 2.22 billion BoP, current US$ | +17.2% |
| 1973 | 2.63 billion BoP, current US$ | +18.2% |
| 1974 | 3.88 billion BoP, current US$ | +47.6% |
| 1975 | 5.46 billion BoP, current US$ | +40.9% |
| 1976 | 7.34 billion BoP, current US$ | +34.3% |
| 1977 | 10.19 billion BoP, current US$ | +38.9% |
| 1978 | 11.23 billion BoP, current US$ | +10.2% |
| 1979 | 10.00 billion BoP, current US$ | -10.9% |
| 1980 | 10.88 billion BoP, current US$ | +8.7% |
| 1981 | 12.12 billion BoP, current US$ | +11.5% |
| 1982 | 13.58 billion BoP, current US$ | +12.1% |
| 1983 | 6.41 billion BoP, current US$ | -52.8% |
| 1984 | 7.25 billion BoP, current US$ | +13.1% |
| 1985 | 7.50 billion BoP, current US$ | +3.5% |
| 1986 | 7.87 billion BoP, current US$ | +4.9% |
| 1987 | 8.87 billion BoP, current US$ | +12.8% |
| 1988 | 12.08 billion BoP, current US$ | +36.2% |
| 1989 | 7.33 billion BoP, current US$ | -39.3% |
| 1990 | 6.86 billion BoP, current US$ | -6.4% |
| 1991 | 10.20 billion BoP, current US$ | +48.6% |
| 1992 | 12.81 billion BoP, current US$ | +25.6% |
| 1993 | 11.46 billion BoP, current US$ | -10.5% |
| 1994 | 8.42 billion BoP, current US$ | -26.5% |
| 1995 | 12.01 billion BoP, current US$ | +42.5% |
| 1996 | 9.88 billion BoP, current US$ | -17.7% |
| 1997 | 14.90 billion BoP, current US$ | +50.8% |
| 1998 | 16.62 billion BoP, current US$ | +11.6% |
| 1999 | 14.36 billion BoP, current US$ | -13.6% |
| 2000 | 16.84 billion BoP, current US$ | +17.3% |
| 2001 | 19.20 billion BoP, current US$ | +14.1% |
| 2002 | 13.35 billion BoP, current US$ | -30.5% |
| 2003 | 10.47 billion BoP, current US$ | -21.5% |
| 2004 | 17.01 billion BoP, current US$ | +62.4% |
| 2005 | 24.00 billion BoP, current US$ | +41.1% |
| 2006 | 33.55 billion BoP, current US$ | +39.8% |
| 2007 | 47.37 billion BoP, current US$ | +41.2% |
| 2008 | 51.17 billion BoP, current US$ | +8.0% |
| 2009 | 41.58 billion BoP, current US$ | -18.7% |
| 2010 | 41.70 billion BoP, current US$ | +0.3% |
| 2011 | 52.54 billion BoP, current US$ | +26.0% |
| 2012 | 65.92 billion BoP, current US$ | +25.5% |
| 2013 | 57.15 billion BoP, current US$ | -13.3% |
| 2014 | 47.22 billion BoP, current US$ | -17.4% |
| 2015 | 33.28 billion BoP, current US$ | -29.5% |
| 2016 | 16.34 billion BoP, current US$ | -50.9% |
Venezuela compared with similar countries
- Venezuela's 16.34 billion BoP, current US$ is above the median for lower middle income countries, which is 9.23 billion BoP, current US$, 1.8× the median. (47 countries reporting)
- Venezuela's 16.34 billion BoP, current US$ is above the median for Latin America & Caribbean, which is 6.83 billion BoP, current US$, 2.4× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.66 billion BoP, current US$ | 1.71 billion BoP, current US$ | 11.23 billion BoP, current US$ | 10 |
| 1980s | 9.39 billion BoP, current US$ | 6.41 billion BoP, current US$ | 13.58 billion BoP, current US$ | 10 |
| 1990s | 11.75 billion BoP, current US$ | 6.86 billion BoP, current US$ | 16.62 billion BoP, current US$ | 10 |
| 2000s | 27.45 billion BoP, current US$ | 10.47 billion BoP, current US$ | 51.17 billion BoP, current US$ | 10 |
| 2010s | 44.88 billion BoP, current US$ | 16.34 billion BoP, current US$ | 65.92 billion BoP, current US$ | 7 |
Countries ranked near Venezuela
- 88 Lebanon 16.69 billion BoP, current US$ compare
- 89 El Salvador 16.66 billion BoP, current US$ compare
- 90 Georgia 16.47 billion BoP, current US$ compare
- 92 Bosnia and Herzegovina 16.27 billion BoP, current US$ compare
- 93 Syria 15.88 billion BoP, current US$ compare
- 94 Angola 15.52 billion BoP, current US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0216 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 91.64 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.45 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0135 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 57.47 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is goods imports in Venezuela?
- Goods imports in Venezuela was 16.34 billion BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods imports recorded in Venezuela?
- The highest recorded value was 65.92 billion BoP, current US$ in 2012.
- What is the lowest goods imports recorded in Venezuela?
- The lowest recorded value was 1.71 billion BoP, current US$ in 1970.
- How does Venezuela rank for goods imports?
- Venezuela ranks 91st out of 200 countries with data for 2016.
- Is goods imports rising or falling in Venezuela?
- Over the last ten years it is down 51.3%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.