Venezuela, RB | Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. Development relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies. Limitations and exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.
Publisher
The World Bank
Origin
Bolivarian Republic of Venezuela
Records
63
Source
Venezuela, RB | Merchandise exports to high-income economies (% of total merchandise exports)
67.27844574 1960
66.63339156 1961
68.54885558 1962
70.31639501 1963
70.68769067 1964
70.48633761 1965
72.06668647 1966
70.94482928 1967
71.49910075 1968
71.72526745 1969
71.10585266 1970
1971
59.12987844 1972
70.48831386 1973
68.75778487 1974
66.6063535 1975
66.0158317 1976
66.95662235 1977
64.93988665 1978
65.24818712 1979
61.74106726 1980
62.08010239 1981
65.71917202 1982
73.0735344 1983
69.32397167 1984
79.66734795 1985
70.30432715 1986
75.26067815 1987
71.28437253 1988
74.417435 1989
73.04791923 1990
72.27131179 1991
71.70094489 1992
71.15490283 1993
64.65978845 1994
66.05145232 1995
59.36703488 1996
60.03983528 1997
55.10354368 1998
59.50631513 1999
63.01586615 2000
60.30335112 2001
58.11768241 2002
59.39179829 2003
51.60394238 2004
60.47929431 2005
63.51837174 2006
66.61381084 2007
66.66146519 2008
67.71040669 2009
64.70187379 2010
65.25641719 2011
52.8358711 2012
53.95960169 2013
50.4546879 2014
50.19426784 2015
49.01767338 2016
48.90051841 2017
47.10450417 2018
38.43868834 2019
33.36900542 2020
2021
2022
Venezuela, RB | Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. Development relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies. Limitations and exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.
Publisher
The World Bank
Origin
Bolivarian Republic of Venezuela
Records
63
Source