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.

Venezuela Balance of Trade
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Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade -782.00 3330.00 17732.00 -2015.00 USD Million [+]
Current Account -5113.00 -5050.00 15502.00 -6088.00 USD Million [+]
Current Account to GDP 2.00 -1.60 17.70 -9.20 percent [+]
Imports 9576.00 8778.00 17841.00 1970.00 USD Million [+]
Exports 8483.00 12108.00 30743.00 2995.00 USD Million [+]
External Debt 0.00 41.00 2189.00 0.00 USD Million [+]
Gold Reserves 164.20 150.00 372.93 150.00 Tonnes [+]
Crude Oil Production 1464.00 1433.00 3453.00 594.00 BBL/D/1K [+]
Terrorism Index 3.63 2.00 3.63 0.63 [+]
Foreign Direct Investment -558.00 736.00 3061.00 -1509.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Venezuela Balance of Trade

Venezuela has been recording trade surpluses since 1997 due to shipments of oil (96 percent of total exports). Main imports are: electronics, chemicals, agricultural products and livestock and base metals. Main trading partners are: United States (40 percent of total exports and 26 percent of imports) and China (11 percent of exports and 15 percent of imports). Others include: Brazil, India, Cuba and Colombia. This page provides - Venezuela Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-782.00 3330.00 17732.00 -2015.00 1990 - 2015 USD Million Quarterly
NSA




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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