Venezuela, RB | Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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. 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 imports from high-income economies (% of total merchandise imports)
93.2151118 1960
94.54895843 1961
93.20789353 1962
93.89528796 1963
93.23671498 1964
93.74397798 1965
94.2188318 1966
94.14511981 1967
94.17152859 1968
93.46015959 1969
93.16069057 1970
92.59332705 1971
91.34087647 1972
87.76275464 1973
89.16670662 1974
88.43364448 1975
86.96312975 1976
85.63119149 1977
87.73562252 1978
87.37833773 1979
88.51159652 1980
88.48749474 1981
86.77253219 1982
84.06498445 1983
84.31568432 1984
86.21303395 1985
87.84544859 1986
87.97745773 1987
87.20330813 1988
85.75193004 1989
86.69332415 1990
84.33915829 1991
83.04094415 1992
84.34218815 1993
81.62097532 1994
76.47236327 1995
64.64205544 1996
70.32854342 1997
69.93716859 1998
70.31711194 1999
60.77131644 2000
55.91080289 2001
58.78496655 2002
67.34422878 2003
62.9708541 2004
59.37808327 2005
58.1079564 2006
46.13593995 2007
44.90354216 2008
45.18609179 2009
43.63931997 2010
46.44159027 2011
40.10484928 2012
35.08268946 2013
36.73787487 2014
37.48390723 2015
39.60928354 2016
39.18989169 2017
42.94324615 2018
31.46515791 2019
25.25476839 2020
2021
2022
Venezuela, RB | Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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. 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