Venezuela VE: Tariff Rate: Most Favored Nation: Simple Mean: Primary Products

Venezuela VE: Tariff Rate: Most Favored Nation: Simple Mean: Primary Products data was reported at 11.740 % in 2016. This records a decrease from the previous number of 12.490 % for 2015. Venezuela VE: Tariff Rate: Most Favored Nation: Simple Mean: Primary Products data is updated yearly, averaging 12.765 % from Dec 1992 (Median) to 2016, with 22 observations. The data reached an all-time high of 15.090 % in 1992 and a record low of 11.740 % in 2016. Venezuela VE: Tariff Rate: Most Favored Nation: Simple Mean: Primary Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Trade Tariffs. Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).; ; World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrated Data Base (IDB) and Consolidated Tariff Schedules (CTS) database.; ;

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