Economic Indicators | Foreign Trade in Figures | Sources of General Economic Information | Political Outline

Economic Indicators

Venezuela depends excessively on the fluctuations in oil prices,Venezuela's economy was strongly affected by the global economic crisis, the growth of its GDP was contracted to -3.3% in 2009 and -1.3% in 2010. Even if its growth becomes positive in 2011, the perspectives are not very encouraging.

In this context, the priority of the government is to get Venezuela out of the crisis. Facing a recession and an increase in inflation, Chavez set up a double exchange rate and devalued the national currency by almost 50%. The result of this was the emergence of a parallel market in which the USD is exchanged at very high rates. Chavez also made transfer the deposits from the private banks into the new public banks, and has restricted the access to foreign currency. In top of that, the country is also going through an energy crisis which has led the president to order power cuts and to make a call to reduce energy consumption. The country has decided to stop all non-essential expenses. A new devaluation of the Bolivar is expected in 2011.

The country's wealth is unequally distributed among the population. The unemployment rate has reached 8.6% in 2010 and almost 40% of the population lives below the poverty line.

Main Indicators	2009	2010	2011	2012 (e)	2013 (e)
GDP (billions USD)	325.68	293.27e	309.84e	311.69	318.08
GDP (Constant Prices, Annual % Change)	-3.2	-1.5e	2.8	3.6	2.1
GDP per Capita (USD)	11,383	10,049e	10,409	10,266	10,271
General Government Gross Debt (in % of GDP)	32.7	38.4	43.9e	50.8	54.8
Inflation Rate (%)	27.1	28.2	25.8e	24.3	23.9
Unemployment Rate (% of the Labor Force)	7.9	8.6	8.1	8.0	8.1
Current Account (billions USD)	8.56	14.38	22.58	18.02	14.99
Current Account (in % of GDP)	2.6	4.9	7.3e	4.7	-

Source: IMF - World Economic Outlook Database ; World Bank , Last Available Data

Note: (e) Estimated Data

Main Sectors of Industry

With a minimal significance in its economy, the agricultural sector of Venezuela contributes to 4% of the GDP and employs about 9% of the active population. The main agricultural products of the country are: corn, wheat, soya, sugar cane, rice, cotton, bananas, vegetables, coffee, beef and pork meats, milk, eggs and fish. Venezuela benefits from important natural resources: oil, gas, gold and silver mines, bauxite and diamonds.

The industrial sector represents almost 60% of the GDP and employs close to 24% of the population. The main industrial activities are oil (controlled by a state's company, oil represents the first natural wealth source of the country), construction material, foodstuffs, textile, iron, steel, aluminum and motor-car assembly.

The services sector represents a little less than 40% of the GDP and employs two thirds of the active population.

Breakdown of Economic Activity By Sector	Agriculture	Industry	Services
Employment By Sector (in % of Total Employment)	8.5	23.0	68.3
Value Added (in % of GDP)	4.0	57.8	38.2
Value Added (Annual % Change)	-2.8	-2.5	-2.7

Source: World Bank - Last Available Data.

Monetary Indicators	2006	2007	2008	2009	2010
Venezuelan Bolivar (VEF) - Average Annual Exchange Rate For 1 USD	2.15	2.15	2.15	2.15	2.58

Source: World Bank - Last Available Data.

Learn more about Market Analysis about Venezuela on Globaltrade.net, the Directory for International Trade Services.

Indicator of Economic Freedom

Score:: 37.6/100
Position:: Controlled
World Rank:: 167/179
Regional Rank:: 25/26

Distribution of Economic freedom in the world
Source: 2011 Index of Economic freedom, Heritage Foundation

Country Risk

See the Country Risk Analysis Provided By Ducroire.

Foreign Trade in Figures

Foreign trade in Venezuela represents about one third of the GDP. The country is trying, above all, to improve and to increase its trade relations with the Latin American zone, the EU and China.

Venezuela exports oil, iron bauxite and aluminum, agricultural products, semi-manufacturing products, vehicles and chemical products. Its main clients are: the United States, the West Indies, Colombia and China.

The country imports manufactured and luxury products, machinery, transportation equipment, construction material and pharmaceutical products. Venezuela's main suppliers are: the United States, Colombia, China, Brazil and Mexico. The trade balance of Venezuela is structurally very positive due to its richness in oil. However, this surplus was strongly reduced in 2009 due to the effect of the drop in oil prices and its exports.

Foreign Trade Indicators	2006	2007	2008	2009	2010
Imports of Goods (million USD)	33,616	46,097	49,602	40,597	40,800
Exports of Goods (million USD)	65,578	69,010	95,138	57,595	65,786
Imports of Services (million USD)	5,746	8,438	10,073	9,223	10,142
Exports of Services (million USD)	1,441	1,646	2,003	1,805	1,552
Imports of Goods and Services (Annual % Change)	32.5	34.0	2.3	-19.6	5.3
Exports of Goods and Services (Annual % Change)	-4.5	-5.6	-2.8	-12.9	-2.5
Imports of Goods and Services (in % of GDP)	21.6	25.5	20.4	20.5	12.7
Exports of Goods and Services (in % of GDP)	36.4	31.2	30.6	18.3	18.1
Trade Balance (million USD)	31,995	22,979	45,656	19,153	27,173
Trade Balance (Including Service) (million USD)	27,585	16,027	37,302	11,536	18,316
Foreign Trade (in % of GDP)	58.0	56.8	51.0	38.7	30.8

Source: WTO - World Trade Organization ; World Bank , Last Available Data

Main Partner Countries

Main Customers (% of Exports)	2010
United States	1.4%
China	1.1%
Colombia	0.9%
Brazil	0.4%
Mexico	0.4%
Belgium	0.4%
Netherlands	0.3%
France	0.2%
Spain	0.2%
Italy	0.1%
Canada	0.1%
Ecuador	0.1%
Panama	0.1%
Germany	0.1%
Cuba	0.1%
Peru	0.1%
Chile	0.1%
Costa Rica	0.1%
Ireland	0.1%
Sweden	0.1%
See More Countries	95.8%

Main Suppliers (% of Imports)	2010
United States	30.5%
China	11.1%
Brazil	9.8%
Mexico	4.5%
Colombia	4.4%
Germany	3.7%
Argentina	2.9%
Spain	2.7%
Ecuador	2.7%
Italy	2.3%
Panama	2.3%
Chile	1.7%
Peru	1.6%
France	1.6%
Canada	1.5%
Japan	1.4%
Bolivia	1.2%
United Kingdom	1.1%
Switzerland	1.1%
Uruguay	1.0%
See More Countries	39.7%

Source: Comtrade, Last Available Data

Main Products

Main Exports (% of Exports)	2010
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude	65.9%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals	27.1%
Iron ores and concentrates, incl. roasted iron...Iron ores and concentrates, incl. roasted iron pyrites	1.0%
Ferrous products obtained by direct reduction of...Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94%, in lumps, pellets or similar forms	0.8%
Unwrought aluminiumUnwrought aluminium	0.7%
Ferro-alloysFerro-alloys	0.4%
Artificial corundum, whether or not chemically...Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide	0.3%
Coal; briquettes, ovoids and similar solid fuels...Coal; briquettes, ovoids and similar solid fuels manufactured from coal	0.3%
Aluminium wire (excl. stranded wire, cables,...Aluminium wire (excl. stranded wire, cables, plaited bands and the like and other articles of heading 7614, electrically insulated wires, and strings for musical instruments)	0.2%
Acyclic hydrocarbonsAcyclic hydrocarbons	0.2%
Fishing vessels; factory ships and other vessels...Fishing vessels; factory ships and other vessels for processing or preserving fishery products (excl. fishing boats for sport)	0.2%
Ammonia, anhydrous or in aqueous solutionAmmonia, anhydrous or in aqueous solution	0.2%
Flat-rolled products of iron or non-alloy steel,...Flat-rolled products of iron or non-alloy steel, of a width >= 600 mm, hot-rolled, not clad, plated or coated	0.2%
Mixed alkylbenzenes and mixed alkylnaphthalenes...Mixed alkylbenzenes and mixed alkylnaphthalenes produced by the alkylation of benzene and naphthalene (excl. mixed isomers of cyclic hydrocarbons)	0.1%
See More Products	4.4%

Main Imports (% of Imports)	2010
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006)	6.1%
Electric generating sets and rotary convertersElectric generating sets and rotary converters	3.6%
Transmission apparatus for radio-telephony,...Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras	3.2%
Live bovine animalsLive bovine animals	3.1%
Turbo-jets, turbo-propellers and other gas...Turbo-jets, turbo-propellers and other gas turbines	2.8%
Instruments and appliances used in medical,...Instruments and appliances used in medical, surgical, dental or veterinary sciences, incl. scintigraphic apparatus, other electro-medical apparatus and sight-testing instruments, n.e.s.	2.5%
Oil-cake and other solid residues, whether or not...Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil	1.7%
Human blood; animal blood prepared for therapeutic...Human blood; animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera and other blood fractions and modified immunological products, whether or not obtained by means of biotechnological processes; vaccines, toxins, cultures of micro-organisms (excl. yeasts) and similar products	1.3%
Automatic data processing machines and units...Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s.	1.3%
Wheat and meslinWheat and meslin	1.3%
Electrical transformers, static converters, e.g....Electrical transformers, static converters, e.g. rectifiers, and inductors; parts thereof	1.2%
Tubes, pipes and hollow profiles, seamless, of...Tubes, pipes and hollow profiles, seamless, of iron or steel (excl. products of cast iron)	1.1%
Electric motors and generators (excl. generating...Electric motors and generators (excl. generating sets)	1.0%
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s.	1.0%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702)	0.9%
Maize or cornMaize or corn	0.9%
Air or vacuum pumps (excl. gas compound elevators...Air or vacuum pumps (excl. gas compound elevators and pneumatic elevators and conveyors); air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters; parts thereof	0.8%
Pumps for liquids, whether or not fitted with a...Pumps for liquids, whether or not fitted with a measuring device (excl. ceramic pumps and secretion aspirating pumps for medical use and medical pumps carried on or implanted in the body); liquid elevators (excl. pumps); parts thereof	0.8%
Orthopaedic appliances, incl. crutches, surgical...Orthopaedic appliances, incl. crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other appliances which are worn or carried, or implanted in the body, to compensate for a defect or disability	0.8%
Soya-bean oil and its fractions, whether or not...Soya-bean oil and its fractions, whether or not refined (excl. chemically modified)	0.8%
New pneumatic tyres, of rubberNew pneumatic tyres, of rubber	0.7%
Centrifuges, incl. centrifugal dryers (excl. those...Centrifuges, incl. centrifugal dryers (excl. those for isotope separation); filtering or purifying machinery and apparatus, for liquids or gases; parts thereof (excl. artificial kidneys)	0.7%
Boards, panels, consoles, desks, cabinets and...Boards, panels, consoles, desks, cabinets and other bases, equipped with two or more apparatus of heading 8535 or 8536, for electric control or the distribution of electricity, incl. those incorporating instruments or apparatus of chapter 90, and numerical control apparatus (excl. switching apparatus for line telephony or line telegraphy)	0.7%
Agricultural, horticultural, forestry,...Agricultural, horticultural, forestry, poultry-keeping or bee-keeping machinery, incl. germination plant fitted with mechanical or thermal equipment; poultry incubators and brooders; parts thereof	0.7%
Diagnostic or laboratory reagents on a backing,...Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents whether or not on a backing, and certified reference materials (excl. compound diagnostic reagents designed to be administered to the patient, blood-grouping reagents, animal blood prepared for therapeutic, prophylactic or diagnostic uses and vaccines, toxins, cultures of micro-organisms and similar products)	0.7%
Meat of bovine animals, frozenMeat of bovine animals, frozen	0.7%
Refrigerators, freezers and other refrigerating or...Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat pumps; parts thereof (excl. air conditioning machines of heading 8415)	0.6%
Television receivers, whether or not incorporating...Television receivers, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; video monitors and video projectors	0.6%
Harvesting or threshing machinery, incl. straw or...Harvesting or threshing machinery, incl. straw or fodder balers; grass or hay mowers; machines for cleaning, sorting or grading eggs, fruit or other agricultural produce; parts thereof (other than machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables of heading 8437)	0.6%
Milk and cream, concentrated or containing added...Milk and cream, concentrated or containing added sugar or other sweetening matter	0.6%
Insulated "incl. enamelled or anodised" wire,...Insulated "incl. enamelled or anodised" wire, cable "incl. coaxial cable" and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made-up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors	0.6%
Machinery, not specified or included elsewhere in...Machinery, not specified or included elsewhere in this chapter, for the industrial preparation or manufacture of food or drink (other than machinery for the extraction or preparation of animal or fixed vegetable fats or oils); parts thereof	0.6%
Polyacetals, other polyethers and epoxide resins,...Polyacetals, other polyethers and epoxide resins, in primary forms; polycarbonates, alkyd resins, polyallyl esters and other polyesters, in primary forms	0.6%
Machinery, plant or laboratory equipment whether...Machinery, plant or laboratory equipment whether or not electrically heated (excl. furnaces, ovens and other equipment of heading 8514), for the treatment of materials by a process involving a change of temperature such as heating, cooking, roasting, distilling, rectifying, sterilizing, pasteurizing, steaming, drying, evaporating, vapourizing, condensing or cooling (excl. those used for domestic purposes); instantaneous or storage water heaters, non-electric; parts thereof	0.6%
Taps, cocks, valves and similar appliances for...Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, incl. pressure-reducing valves and thermostatically controlled valves; parts thereof	0.6%
Air conditioning machines comprising a...Air conditioning machines comprising a motor-driven fan and elements for changing the temperature and humidity, incl. those machines in which the humidity cannot be separately regulated; parts thereof	0.5%
Parts and accessories (other than covers, carrying...Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of heading 8469 to 8472, n.e.s.	0.5%
Motor vehicles for the transport of goods, incl....Motor vehicles for the transport of goods, incl. chassis with engine and cab	0.5%
Toilet paper and similar paper, cellulose wadding...Toilet paper and similar paper, cellulose wadding or webs of cellulose fibres, of a kind used for household or sanitary purposes, in rolls of a width <= 36 cm, or cut to size or shape; handkerchiefs, cleansing tissues, towels, tablecloths, serviettes, napkins for babies, tampons, bed sheets and similar household, sanitary or hospital articles, articles of apparel and clothing accessories, of paper pulp, paper, cellulose wadding or webs of cellulose fibres	0.5%
Malt, whether or not roastedMalt, whether or not roasted	0.5%
Mechanical appliances, whether or not...Mechanical appliances, whether or not hand-operated, for projecting, dispersing or spraying liquids or powders, n.e.s.; fire extinguishers, charged or not (excl. fire-extinguishing bombs and grenades); spray guns and similar appliances (excl. electric machines and apparatus for hot spraying of metals or sintered metal carbides of heading 8515); steam or sand blasting machines and similar jet projecting machines; parts thereof, n.e.s.	0.5%
Machinery for working rubber or plastics or for...Machinery for working rubber or plastics or for the manufacture of products from these materials, not specified or included elsewhere in this chapter, parts thereof	0.5%
Electrical apparatus for line telephony or line...Electrical apparatus for line telephony or line telegraphy, incl. line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones; parts thereof	0.4%
Acyclic alcohols and their halogenated,...Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives	0.4%
Articles for the conveyance or packaging of goods,...Articles for the conveyance or packaging of goods, of plastics; stoppers, lids, caps and other closures, of plastics	0.4%
Preparations for use on the hairPreparations for use on the hair	0.4%
Food preparations, n.e.s.Food preparations, n.e.s.	0.4%
Electric filament or discharge lamps, incl. sealed...Electric filament or discharge lamps, incl. sealed beam lamp units and ultra-violet or infra-red lamps; arc-lamps; parts thereof	0.4%
Provitamins and vitamins, natural or reproduced by...Provitamins and vitamins, natural or reproduced by synthesis, incl. natural concentrates, derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, whether or not in any solvent	0.4%
Textile products and articles, for technical use,...Textile products and articles, for technical use, specified in note 7 to chapter 59	0.4%
Oils and other products of the distillation of...Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents	0.4%
Electrical apparatus for switching or protecting...Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits, e.g., switches, relays, fuses, surge suppressors, plugs, sockets, lamp-holders and junction boxes, for a voltage <= 1.000 v (excl. control desks, cabinets, panels etc. of heading 8537)	0.4%
Dried leguminous vegetables, shelled, whether or...Dried leguminous vegetables, shelled, whether or not skinned or split	0.4%
Prepared or preserved fish; caviar and caviar...Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs	0.4%
Copper wire (excl. surgical sutures, stranded wire...Copper wire (excl. surgical sutures, stranded wire, cables, plaited bands and the like and other articles of heading 7413, electrically insulated wires and strings for musical instruments)	0.4%
Cheese and curdCheese and curd	0.4%
Heterocyclic compounds with nitrogen hetero-atom[s...Heterocyclic compounds with nitrogen hetero-atom[s] only	0.4%
Milking machines and dairy machinery (excl....Milking machines and dairy machinery (excl. refrigerating or heat treatment equipment, cream separators, clarifying centrifuges, filter presses and other filtering equipment); parts thereof	0.4%
Mixtures of odoriferous substances and mixtures,...Mixtures of odoriferous substances and mixtures, incl. alcoholic solutions, based on one or more of these substances, of a kind used as raw materials in industry; other preparations based on odoriferous substances, of a kind used for the manufacture of beverages	0.4%
Self-propelled bulldozers, angledozers, graders,...Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and road rollers	0.4%
Parts suitable for use solely or principally with...Parts suitable for use solely or principally with internal combustion piston engine of heading 8407 or 8408	0.4%
Agricultural, horticultural or forestry machinery...Agricultural, horticultural or forestry machinery for soil preparation or cultivation (excl. sprayers and dusters); lawn or sports-ground rollers; parts thereof	0.3%
Newsprint, in rolls of a width > 36 cm or in...Newsprint, in rolls of a width > 36 cm or in square or rectangular sheets with one side > 36 cm and the other side > 15 cm in the unfolded state	0.3%
Pharmaceutical preparations and products of...Pharmaceutical preparations and products of subheading nos 3006.10.10 to 3006.60.90	0.3%
Malt extract; food preparations of flour, groats,...Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s.; food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yoghourt, kefir, and similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s.	0.3%
Machines and mechanical appliances having...Machines and mechanical appliances having individual functions, not specified or included elsewhere in this chapter; parts thereof	0.3%
Cane or beet sugar and chemically pure sucrose, in...Cane or beet sugar and chemically pure sucrose, in solid form	0.3%
Insecticides, rodenticides, fungicides, herbicides...Insecticides, rodenticides, fungicides, herbicides, anti-sprouting products and plant-growth regulators, disinfectants and similar products, put up for retail sale or as preparations or articles, e.g. sulphur-treated bands, wicks and candles, and fly-papers	0.3%
Animal or vegetable fats and oils and their...Animal or vegetable fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurized, blown, polymerized by heat in vacuum or in inert gas or otherwise chemically modified, inedible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils, n.e.s.	0.3%
Furniture and parts thereof, n.e.s. (excl. seats...Furniture and parts thereof, n.e.s. (excl. seats and medical, surgical, dental or veterinary furniture)	0.3%
Printing machinery used for printing by means of...Printing machinery used for printing by means of the printing type, blocks, plates, cylinders and other printing components of heading 8442 and ink-jet printing machines (excl. hectograph or stencil duplicating machines, addressing machines and other office printing machines of heading 8469 to 8472); machines for uses ancillary to printing, for the feeding, carriage or further processing of sheets or webs of paper; parts thereof	0.3%
Mineral or chemical fertilizers containing two or...Mineral or chemical fertilizers containing two or three of the fertilizing elements nitrogen, phosphorus and potassium; other fertilizers (excl. pure animal or vegetable fertilizers or mineral or chemical nitrogenous, phosphatic or potassic fertilizers); animal, vegetable, mineral or chemical fertilizers in tablets or similar forms or in packages of a gross weight of <= 10 kg	0.3%
Flat-rolled products of iron or non-alloy steel,...Flat-rolled products of iron or non-alloy steel, of a width >= 600 mm, hot-rolled, not clad, plated or coated	0.3%
Acyclic hydrocarbonsAcyclic hydrocarbons	0.3%
Transmission shafts, incl. camshafts and...Transmission shafts, incl. camshafts and crankshafts, and cranks; bearing housings and plain shaft bearings for machines; gears and gearing; ball or roller screws, gear boxes and other speed changers, incl. torque converters; flywheels and pulleys, incl. pulley blocks, clutches and shaft couplings, incl. universal joints; parts thereof	0.3%
Dish washing machines; machinery for cleaning or...Dish washing machines; machinery for cleaning or drying bottles or other containers; machinery for filling, closing, sealing or labelling bottles, cans, boxes, bags or other containers; machinery for capsuling bottles, jars, tubes and similar containers; other packing or wrapping machinery, incl. heat-shrink wrapping machinery; machinery for aerating beverages; parts thereof	0.3%
Paper, paperboard, cellulose wadding and webs of...Paper, paperboard, cellulose wadding and webs of cellulose fibres, coated, impregnated, covered, surface-coloured, surface-decorated or printed, in rolls or in square or rectangular sheets, of any size (excl. goods of heading 4803, 4809 and 4810)	0.3%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals	0.3%
Trunks, suit-cases, vanity-cases, executive-cases,...Trunks, suit-cases, vanity-cases, executive-cases, brief-cases, school satchels, spectacle cases, binocular cases, camera cases, musical instrument cases, gun cases, holsters and similar containers; travelling-bags, insulated food or beverage bags, toilet bags, rucksacks, handbags, shopping-bags, wallets, purses, map-cases, cigarette-cases, tobacco-pouches, tool bags, sports bags, bottle-cases, jewellery boxes, powder-boxes, cutlery cases and similar containers, of leather or of composition leather, of sheeting of plastics, of textile materials, of vulcanised fibre or of paperboard, or wholly or mainly covered with such materials or with paper	0.3%
Lifting, handling, loading or unloading machinery,...Lifting, handling, loading or unloading machinery, e.g. lifts, escalators, conveyors, teleferics (excl. pulley tackle and hoists, winches and capstans, jacks, cranes of all kinds, mobile lifting frames and straddle carriers, works trucks fitted with a crane, fork-lift trucks and other works trucks fitted with lifting or handling equipment)	0.3%
Footwear with outer soles and uppers of rubber or...Footwear with outer soles and uppers of rubber or plastics (excl. waterproof footwear of heading 6401, orthopaedic footwear, skating boots with ice or roller skates attached, and toy footwear)	0.3%
Parts suitable for use solely or principally with...Parts suitable for use solely or principally with transmission and reception apparatus for radio-telephony, radio-telegraphy, radio-broadcasting, television, television cameras, still image video cameras and other video camera recorders, radar apparatus, radio navigational aid apparatus or radio remote control apparatus, n.e.s.	0.3%
Electronic integrated circuits and microassembliesElectronic integrated circuits and microassemblies	0.3%
Articles of iron or steel, n.e.s. (excl. cast...Articles of iron or steel, n.e.s. (excl. cast articles)	0.3%
Anti-knock preparations, oxidation inhibitors, gum...Anti-knock preparations, oxidation inhibitors, gum inhibitors, viscosity improvers, anti-corrosive preparations and other prepared additives, for mineral oils, incl. gasoline, or for other liquids used for the same purposes as mineral oils	0.3%
Steam turbines and other vapour turbines; parts...Steam turbines and other vapour turbines; parts thereof	0.3%
Chemical wood pulp, soda or sulphate (excl....Chemical wood pulp, soda or sulphate (excl. dissolving grades)	0.3%
Light-vessels, fire-floats, dredgers, floating...Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks, floating or submersible drilling or production platforms (excl. fishing vessels and warships)	0.3%
Medical, surgical, dental or veterinary furniture,...Medical, surgical, dental or veterinary furniture, e.g. operating tables, examination tables, hospital beds with mechanical fittings and dentists' chairs; barbers' chairs and similar chairs having rotating as well as both reclining and elevating movement; parts thereof	0.3%
Plates, sheets, film, foil and strip, of...Plates, sheets, film, foil and strip, of non-cellular plastics, not reinforced, laminated, supported or similarly combined with other materials, without backing, unworked or merely surface-worked or merely cut into squares or rectangles (excl. self-adhesive products, and floor, wall and ceiling coverings of heading 3918)	0.3%
Sugar confectionery not containing cocoa, incl....Sugar confectionery not containing cocoa, incl. white chocolate	0.3%
Synthetic rubber and factice derived from oils, in...Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of natural rubber, balata, gutta-percha, guayule, chicle or similar types of natural rubber with synthetic rubber or factice, in primary forms or in plates, sheets or strip	0.3%
Mechano-therapy appliances; massage apparatus;...Mechano-therapy appliances; massage apparatus; psychological aptitude-testing apparatus; ozone therapy, oxygen therapy, aerosol therapy, artificial respiration or other therapeutic respiration apparatus	0.3%
Undenatured ethyl alcohol of an alcoholic strength...Undenatured ethyl alcohol of an alcoholic strength by volume of < 80%; spirits, liqueurs and other spirituous beverages (excl. compound alcoholic preparations of a kind used for the manufacture of beverages)	0.3%
Reaction initiators, reaction accelerators and...Reaction initiators, reaction accelerators and catalytic preparations, n.e.s. (excl. rubber accelerators)	0.2%
Printed circuitsPrinted circuits	0.2%
Non-electric razors and razor blades of base metal...Non-electric razors and razor blades of base metal, incl. razor blade blanks in strips	0.2%
Mineral or chemical potassic fertilizers (excl....Mineral or chemical potassic fertilizers (excl. those in pellet or similar forms, or in packages with a gross weight of <= 10 kg)	0.2%
Parts suitable for use solely or principally with...Parts suitable for use solely or principally with the machinery of heading 8425 to 8430, n.e.s.	0.2%
Palm oil and its fractions, whether or not refined...Palm oil and its fractions, whether or not refined (excl. chemically modified)	0.2%
Ships' derricks; cranes, incl. cable cranes (excl....Ships' derricks; cranes, incl. cable cranes (excl. wheel-mounted cranes and vehicle cranes for railways); mobile lifting frames, straddle carriers and works trucks fitted with a crane	0.2%
Footwear with outer soles of rubber, plastics,...Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials (excl. toy footwear)	0.2%
Organic surface-active agents (excl. soap);...Organic surface-active agents (excl. soap); surface-active preparations, washing preparations, incl. auxiliary washing preparations, and cleaning preparations, whether or not containing soap (excl. those of heading 3401)	0.2%
Articles of plastics and articles of other...Articles of plastics and articles of other materials of heading 3901 to 3914, n.e.s.	0.2%
Tractors (other than tractors of heading 8709)Tractors (other than tractors of heading 8709)	0.2%
Beauty or make-up preparations and preparations...Beauty or make-up preparations and preparations for the care of the skin, incl. sunscreen or sun tan preparations (excl. medicaments); manicure or pedicure preparations	0.2%
Women's or girls' suits, ensembles, jackets,...Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (excl. knitted or crocheted, wind-jackets and similar articles, slips, petticoats and panties, track suits, ski suits and swimwear)	0.2%
Seats, whether or not convertible into beds, and...Seats, whether or not convertible into beds, and parts thereof, n.e.s. (excl. medical, surgical, dental or veterinary of heading 9402)	0.2%
Structures and parts of structures "e.g., bridges...Structures and parts of structures "e.g., bridges and bridge-sections, lock-gates, towers, lattice masts, roofs, roofing frameworks, doors and windows and their frames and thresholds for doors, shutters, balustrades, pillars and columns", of iron or steel; plates, rods, angles, shapes, sections, tubes and the like, prepared for use in structures, of iron or steel (excl. prefabricated buildings of heading 9406)	0.2%
Oxygen-function amino-compoundsOxygen-function amino-compounds	0.2%
Soap; organic surface-active products and...Soap; organic surface-active products and preparations for use as soap, in the form of bars, cakes, moulded pieces or shapes, whether or not containing soap; organic surface-active products and preparations for washing the skin, in the form of liquid or cream and put up for retail sale, whether or not containing soap; paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent	0.2%
T-shirts, singlets and other vests, knitted or...T-shirts, singlets and other vests, knitted or crocheted	0.2%
Electric accumulators, incl. separators therefor,...Electric accumulators, incl. separators therefor, whether or not rectangular or square; parts thereof (excl. spent and those of unhardened rubber or textiles)	0.2%
AntibioticsAntibiotics	0.2%
Stoves, ranges, grates, cookers, incl. those with...Stoves, ranges, grates, cookers, incl. those with subsidiary boilers for central heating, barbecues, braziers, gas-rings, plate warmers and similar non-electric domestic appliances, and parts thereof of iron or steel (excl. boilers and radiators for central heating, geysers and hot water cylinders)	0.2%
Screws, bolts, nuts, coach screws, screw hooks,...Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers, incl. spring washers, and similar articles, of iron or steel (excl. lag screws, stoppers, plugs and the like, threaded)	0.2%
Carbonates; peroxocarbonates "percarbonates";...Carbonates; peroxocarbonates "percarbonates"; commercial ammonium carbonate containing ammonium carbamate	0.2%
Prepared binders for foundry moulds or cores;...Prepared binders for foundry moulds or cores; chemical products and preparations for the chemical or allied industries, incl. mixtures of natural products, n.e.s.	0.2%
Carboxylic acids with additional oxygen function...Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives	0.2%
Titanium oxidesTitanium oxides	0.2%
Electric instantaneous or storage water heaters...Electric instantaneous or storage water heaters and immersion heaters; electric space heating apparatus and soil heating apparatus; electro-thermic hair-dressing apparatus, e.g. hair dryers, hair curlers and curling tong heaters, and hand dryers; electric smoothing irons; other electro-thermic appliances of a kind used for domestic purposes; electric heating resistors (other than those of heading 8545); parts thereof	0.2%
Household or laundry-type washing machines, incl....Household or laundry-type washing machines, incl. machines which both wash and dry; parts thereof	0.2%
Footwear with outer soles of rubber, plastics,...Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather (excl. orthopaedic footwear, skating boots with ice or roller skates attached, and toy footwear)	0.2%
Microphones and stands therefor (excl. cordless...Microphones and stands therefor (excl. cordless microphones with built-in transmitter); loudspeakers, whether or not mounted in their enclosures; headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers (excl. telephone sets, hearing aids and helmets with built-in headphones, whether or not incorporating a microphone); audio-frequency electric amplifiers; electric sound amplifier sets; parts thereof	0.2%
Articles of vulcanised rubber (excl. hard rubber),...Articles of vulcanised rubber (excl. hard rubber), n.e.s.	0.2%
Instruments and apparatus for measuring or...Instruments and apparatus for measuring or checking the flow, level, pressure or other variables of liquids or gases, e.g. flow meters, level gauges, manometers, heat meters (excl. instruments and apparatus of heading 9014, 9015, 9028 or 9032)	0.2%
Natural rubber, balata, gutta-percha, guayule,...Natural rubber, balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip	0.2%
Machines for cleaning, sorting or grading seed,...Machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables; machinery used in the milling industry or for the working of cereals or dried leguminous vegetables (excl. farm-type machinery, heat treatment equipment, centrifugal dryers and air filters); parts thereof	0.2%
Flat-rolled products of iron or non-alloy steel,...Flat-rolled products of iron or non-alloy steel, of a width >= 600 mm, hot-rolled or cold-rolled "cold-reduced", clad, plated or coated	0.2%
Tube or pipe fittings "e.g. couplings, elbows,...Tube or pipe fittings "e.g. couplings, elbows, sleeves", of iron or steel	0.2%
Men's or boys' suits, ensembles, jackets, blazers,...Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (excl. knitted or crocheted, wind-jackets and similar articles, separate waistcoats, track suits, ski suits and swimwear)	0.2%
Uncoated paper and paperboard, of a kind used for...Uncoated paper and paperboard, of a kind used for writing, printing or other graphic purposes, and non-perforated punch-cards and punch tape paper, in rolls or in square or rectangular sheets, of any size, and hand-made paper and paperboard (excl. newsprint of heading 4801 and paper and paperboard of heading 4803)	0.2%
Ball or roller bearings (excl. steel balls of...Ball or roller bearings (excl. steel balls of heading 7326); parts thereof	0.2%
Organo-sulphur compoundsOrgano-sulphur compounds	0.2%
Shaving preparations, incl. pre-shave and...Shaving preparations, incl. pre-shave and after-shave products, personal deodorants, bath and shower preparations, depilatories and other perfumery, toilet or cosmetic preparations, n.e.s.; prepared room deodorizers, whether or not perfumed or having disinfectant properties	0.2%
Phosphinates "hypophosphites", phosphonates ...Phosphinates "hypophosphites", phosphonates "phosphites" and phosphates; polyphosphates, whether or not chemically defined	0.2%
Plates, sheets and strip, of aluminium, of a...Plates, sheets and strip, of aluminium, of a thickness of > 0,2 mm (excl. expanded plates, sheets and strip)	0.2%
Printed books, brochures and similar printed...Printed books, brochures and similar printed matter, whether or not in single sheets (excl. periodicals and publications which are essentially devoted to advertising)	0.2%
Tubes, pipes and hollow profiles "e.g., open seam...Tubes, pipes and hollow profiles "e.g., open seam or welded, riveted or similarly closed", of iron or steel (excl. of cast iron, seamless tubes and pipes and tubes and pipes having internal and external circular cross-sections and an external diameter of > 406,4 mm)	0.2%
Enzymes; prepared enzymes, n.e.s.Enzymes; prepared enzymes, n.e.s.	0.2%
Parts and accessories for motor-cycles and...Parts and accessories for motor-cycles and bicycles and for carriages for disabled persons, n.e.s.	0.2%
Spark-ignition reciprocating or rotary internal...Spark-ignition reciprocating or rotary internal combustion piston engine	0.2%
Knotted netting of twine, cordage or rope, by the...Knotted netting of twine, cordage or rope, by the piece or metre; made-up fishing nets and other made-up nets, of textile materials (excl. hair-nets, nets for sporting purposes, incl. landing nets, butterfly nets and the like)	0.2%
Fork-lift trucks; other works trucks fitted with...Fork-lift trucks; other works trucks fitted with lifting or handling equipment (excl. straddle carriers and works trucks fitted with a crane)	0.2%
Preparations of a kind used in animal feedingPreparations of a kind used in animal feeding	0.2%
Lamps and lighting fittings, incl. searchlights...Lamps and lighting fittings, incl. searchlights and spotlights, and parts thereof, n.e.s; illuminated signs, illuminated name-plates and the like having a permanently fixed light source, and parts thereof, n.e.s.	0.2%
Tubes, pipes and hoses, and fittings therefor, e.g...Tubes, pipes and hoses, and fittings therefor, e.g. joints, elbows, flanges, of plastics	0.2%
Toys (excl. wheeled toys designed to be ridden by...Toys (excl. wheeled toys designed to be ridden by children, dolls' carriages and dolls representing only human beings); reduced-size "scale" recreational models, working or not; puzzles of all kinds	0.2%
Instruments and apparatus for physical or chemical...Instruments and apparatus for physical or chemical analysis, e.g. polarimeters, refractometers, spectrometers, gas or smoke analysis apparatus; instruments and apparatus for measuring or checking viscosity, porosity, expansion, surface tension or the like; instruments and apparatus for measuring or checking quantities of heat, sound or light, incl. exposure meters; microtomes	0.2%
Electrical apparatus for switching or protecting...Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits, e.g., switches, fuses, lightning arresters, voltage limiters, surge suppressors, plugs and junction boxes, for a voltage > 1.000 v (excl. control desks, cabinets, panels etc. of heading 8537)	0.2%
Paper and paperboard, coated on one or both sides...Paper and paperboard, coated on one or both sides with kaolin "china clay" or other inorganic substances, whith or without a binder, and with no other coating, whether or not surface-coloured, surface-decorated or printed, in rolls or in square or rectangular sheets, of any size (excl. all other coated papers and paperboards)	0.2%
Prefabricated buildings, whether or not complete...Prefabricated buildings, whether or not complete or already assembled	0.1%
Phenols; phenol-alcoholsPhenols; phenol-alcohols	0.1%
Tools for working in the hand, pneumatic,...Tools for working in the hand, pneumatic, hydraulic or with self-contained electric or non-electric motor; parts thereof	0.1%
Compounds with other nitrogen function (excl....Compounds with other nitrogen function (excl. amine-function compounds; oxygen-function amino-compounds; quaternary ammonium salts and hydroxides; lecithin and other phosphoaminolipids; carboxyamide-function compounds; amide-function compounds of carbonic acid; carboxyimide-function, imine-function or nitrile-function compounds; diazo-, azo- or azoxy-compounds; organic derivatives of hydrazine or of hydroxylamine)	0.1%
Hydraulic turbines, water wheels, and regulators...Hydraulic turbines, water wheels, and regulators therefor (excl. hydraulic power engines and motors of heading 8412)	0.1%
Tomatoes, prepared or preserved otherwise than by...Tomatoes, prepared or preserved otherwise than by vinegar or acetic acid	0.1%
Electrical ignition or starting equipment of a...Electrical ignition or starting equipment of a kind used for spark-ignition or compression-ignition internal combustion engines, e.g. ignition magnetos, magneto-dynamos, ignition coils, sparking plugs, glow plugs and starter motors; generators, e.g. dynamos and alternators, and cut-outs of a kind used in conjunction with such engines; parts thereof	0.1%
Special purpose motor vehicles (other than those...Special purpose motor vehicles (other than those principally designed for the transport of persons or goods), e.g. breakdown lorries, crane lorries, fire fighting vehicles, concrete-mixer lorries, road sweeper lorries, spraying lorries, mobile workshops and mobile radiological units	0.1%
Moulding boxes for metal foundry; mould bases;...Moulding boxes for metal foundry; mould bases; moulding patterns; moulds for metal (other than ingot moulds), metal carbides, glass, mineral materials, rubber or plastics (excl. moulds of graphite or other carbons, ceramic or glass moulds and linotype moulds or matrices)	0.1%
Glazed ceramic flags and paving, hearth or wall...Glazed ceramic flags and paving, hearth or wall tiles; glazed ceramic mosaic cubes and the like, whether or not on a backing (excl. of siliceous fossil meals or similar siliceous earths, refractory ceramic goods, tiles made into stands, ornamental articles and tiles specifically manufactured for stoves)	0.1%
Woven fabrics of synthetic filament yarn, incl....Woven fabrics of synthetic filament yarn, incl. monofilament of >= 67 decitex and with a cross sectional dimension of <= 1 mm	0.1%
Cartons, boxes, cases, bags and other packing...Cartons, boxes, cases, bags and other packing containers, of paper, paperboard, cellulose wadding or webs of cellulose fibres, n.e.s.; box files, letter trays, and similar articles, of paperboard of a kind used in offices, shops or the like	0.1%
Seeds, fruits and spores, for sowing (excl....Seeds, fruits and spores, for sowing (excl. leguminous vegetables and sweetcorn, coffee, tea, mate and spices, cereals, oil seeds and oleaginous fruits, and seeds and fruit used primarily in perfumery, medicaments or for insecticidal, fungicidal or similar purposes)	0.1%
Printed matter, incl. printed pictures and...Printed matter, incl. printed pictures and photographs, n.e.s.	0.1%
Saturated acyclic monocarboxylic acids and their...Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives	0.1%
Soya beans, whether or not brokenSoya beans, whether or not broken	0.1%
Gaskets and similar joints of metal sheeting...Gaskets and similar joints of metal sheeting combined with other material or of two or more layers of metal; sets or assortments of gaskets and similar joints, dissimilar in composition, put up in pouches, envelopes or similar packings; mechanical seals	0.1%
Polymers of ethylene, in primary formsPolymers of ethylene, in primary forms	0.1%
Women's or girls' suits, ensembles, jackets,...Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts, knitted or crocheted (excl. wind-jackets and similar articles, slips, petticoats and panties, track suits, ski suits and swimwear)	0.1%
Self-adhesive plates, sheets, film, foil, tape,...Self-adhesive plates, sheets, film, foil, tape, strip and other flat shapes, of plastics, whether or not in rolls (excl. floor, wall and ceiling coverings of heading 3918)	0.1%
Moving, grading, levelling, scraping, excavating,...Moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; pile-drivers and pile-extractors; snow-ploughs and snow-blowers (excl. those mounted on railway wagons, motor vehicle chassis or lorries, self-propelled machinery of heading 8429, lifting, handling, loading or unloading machinery of heading 8425 to 8428 and hand-operated tools)	0.1%
Frozen fish (excl. fish fillets and other fish...Frozen fish (excl. fish fillets and other fish meat of heading 0304)	0.1%
Apparatus based on the use of x-rays or of alpha,...Apparatus based on the use of x-rays or of alpha, beta or gamma radiations, whether or not for medical, surgical, dental or veterinary uses, including radiography or radiotherapy apparatus, x-ray tubes and other x-ray generators, high tension generators, control panels and desks, screens, examination or treatment tables, chairs and the like	0.1%
Prepared unrecorded media for sound recording or...Prepared unrecorded media for sound recording or similar recording of other phenomena (excl. products of chapter 37)	0.1%
Regulating or controlling instruments and...Regulating or controlling instruments and apparatus (excl. taps, cocks and valves of heading 8481)	0.1%
Compression-ignition internal combustion piston...Compression-ignition internal combustion piston engine "diesel or semi-diesel engines"	0.1%
Plates, sheets, film, foil and strip, of plastics,...Plates, sheets, film, foil and strip, of plastics, reinforced, laminated, supported or similarly combined with other materials, or of cellular plastic, unworked or merely surface-worked or merely cut into squares or rectangles (excl. self-adhesive products, floor, wall and ceiling coverings of heading 3918)	0.1%
Tools, interchangeable, for hand tools, whether or...Tools, interchangeable, for hand tools, whether or not power-operated, or for machine-tools "e.g. for pressing, stamping, punching, tapping, threading, drilling, boring, broaching, milling, turning or screw driving", incl. dies for drawing or extruding metal, and rock drilling or earth boring tools	0.1%
Flat-rolled products of alloy steel other than...Flat-rolled products of alloy steel other than stainless, of a width of >= 600 mm, hot-rolled or cold-rolled "cold-reduced"	0.1%
Perfumes and toilet waters (excl. aftershave...Perfumes and toilet waters (excl. aftershave lotions, personal deodorants and hair lotions)	0.1%
Safety glass, toughened "tempered", laminated...Safety glass, toughened "tempered", laminated safety glass (excl. multiple-walled insulating units of glass, glasses for spectacles and clock or watch glasses)	0.1%
Electric sound or visual signalling apparatus, e.g...Electric sound or visual signalling apparatus, e.g. bells, sirens, indicator panels, burglar or fire alarms (excl. those for cycles, motor vehicles and traffic signalling); parts thereof	0.1%
Bread, pastry, cakes, biscuits and other bakers'...Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products	0.1%
Acrylic polymers, in primary formsAcrylic polymers, in primary forms	0.1%
Inorganic or mineral colouring matter, n.e.s.;...Inorganic or mineral colouring matter, n.e.s.; preparations based on inorganic or mineral colouring matter of a kind used to dye fabrics or produce colorant preparations (excl. preparations of heading 3207, 3208, 3209, 3210, 3213 and 3215); inorganic products of a kind used as luminophores, whether or not chemically defined	0.1%
Bed-linen, table linen, toilet linen and kitchen...Bed-linen, table linen, toilet linen and kitchen linen of all types of textile materials (excl. floor-cloths, polishing-cloths, dish-cloths and dusters)	0.1%
Electrical machines and apparatus, having...Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof	0.1%
Petroleum coke, petroleum bitumen and other...Petroleum coke, petroleum bitumen and other residues of petroleum oil or of oil obtained from bituminous minerals, n.e.s.	0.1%
Articles of apparel and clothing accessories, incl...Articles of apparel and clothing accessories, incl. gloves, mittens and mitts, for all purposes, of vulcanised rubber (excl. hard rubber and footwear and headgear and parts thereof)	0.1%
Recovered "waste and scrap" paper or paperboard ...Recovered "waste and scrap" paper or paperboard (excl. paper wool)	0.1%
Wrist-watches, pocket-watches and other watches,...Wrist-watches, pocket-watches and other watches, incl. stop-watches (excl. of precious metal or of metal clad with precious metal)	0.1%
Coffee, whether or not roasted or decaffeinated;...Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion	0.1%
Cyclic hydrocarbonsCyclic hydrocarbons	0.1%
Machinery for sorting, screening, separating,...Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores or other mineral substances, in solid, incl. powder or paste, form; machinery for agglomerating, shaping or moulding solid mineral fuels, ceramic paste, unhardened cements, plastering materials or other mineral products in powder or paste form; machines for forming foundry moulds of sand; parts thereof	0.1%
Copper, refined, and copper alloys, unwrought ...Copper, refined, and copper alloys, unwrought (excl. copper alloys of heading 7405)	0.1%
Printing ink, writing or drawing ink and other...Printing ink, writing or drawing ink and other inks, whether or not concentrated or solid	0.1%
Steam or other vapour generating boilers (excl....Steam or other vapour generating boilers (excl. central heating hot water boilers capable also of producing low pressure steam); super-heated water boilers; parts thereof	0.1%
Nonwovens, whether or not impregnated, coated,...Nonwovens, whether or not impregnated, coated, covered or laminated, n.e.s.	0.1%
Chocolate and other food preparations containing...Chocolate and other food preparations containing cocoa	0.1%
Unsaturated acyclic monocarboxylic acids, cyclic...Unsaturated acyclic monocarboxylic acids, cyclic monocarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives	0.1%
Sodium hydroxide "caustic soda", potassium...Sodium hydroxide "caustic soda", potassium hydroxide "caustic potash"; peroxides of sodium or potassium	0.1%
Jerseys, pullovers, cardigans, waistcoats and...Jerseys, pullovers, cardigans, waistcoats and similar articles, knitted or crocheted (excl. wadded waistcoats)	0.1%
Measuring or checking instruments, appliances and...Measuring or checking instruments, appliances and machines not elsewhere specified in chapter 90; profile projectors	0.1%
See More Products	81.2%

Source: Comtrade, Last Available Data

See More Products: More imports (Intracen Data)
More exports (Intracen Data)

Sources of General Economic Information

Ministries: Ministry of Finance
Statistical Office: National Institute of Statistics
Central Bank: Central Bank of Venezuela
Stock Exchange: Caracas Stock Exchange
Search Engines: Auyantepuy
Elvenezolano
Terra
Economic Portals: Business News Americas

Political Outline

Executive Power: President is both the chief of state and the head of the government. He is elected by popular vote for a six-year term. He has executive power. The president appoints the Vice-President. He decides on the size and composition of the cabinet and makes appointments to it with the involvement of the parliament.
Legislative Power: The legislature is unicameral in Venezuela. The parliament, called National Assembly, consist of 167 seats with its members elected by popular vote to serve five-year terms. Three seats are reserved for the indigenous peoples of Venezuela. Legislative power is vested only in the National Assembly. President has the power to veto acts of the National Assembly which in turn a simple majority of the Assembly can override. However, President has the power to dissolve the National Assembly under certain conditions. The people of Venezuela have limited political rights.
Main Political Parties: Venezuela has a multi-party system, where no single party ever really has the chance of gaining power alone. Therefore, parties generally work with each other in order to form coalition governments. The major parties in the country are:
- COPEI - Christian democrats; has dominated country's politics for the last fifty years;
- AD (Democratic Action) - a social democratic party, draws major support base from trade unions;
- MVR (Fifth Republic Movement) - advocates left-wing socialism and populism;
- MAS (Movement for Socialism) - a social-democratic political party;
- PPT (Homeland for All) - left-wing political party, advocates personal liberty and social justice.
The majority party of today is the one created by Presiden CHAVEZ: PSUV: The United Socialist Party of Venezuela.
Current Political Leaders: President: Hugo CHAVEZ Frias (since February 1999, re-elected in December 2006) - MVR, supported by MAS and PPT
Vice-president : Ramon Alonzo CARRIZALEZ (since January 2008).
Next Election Dates: Presidential: December 2012
National Assembly: December 2015

Indicator of Freedom of the Press

World Rank:: 134/178
Evolution:: 10 places down compared to 2009

Source: Worldwide Press Freedom Index 2010, Reporters Without Borders

Indicator of Political Freedom

Ranking:: Partly Free
Political Freedom:: 5/7
Civil Liberties:: 4/7

Map of freedom 2010
Source: Freedom House

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Venezuela: Economic and Political Outline