Venezuela recorded a trade deficit of 782 USD Million in the third quarter of 2015. Balance of Trade in Venezuela averaged 4520.58 USD Million from 1990 until 2015, reaching an all time high of 17732 USD Million in the third quarter of 2008 and a record low of -2015 USD Million in the fourth quarter of 2008.
Balance of Trade in Venezuela is expected to be -5340.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Venezuela to stand at -10200.00 in 12 months time. In the long-term, the Venezuela Balance of Trade is projected to trend around -15000.00 USD Million in 2020, according to our econometric models.