Venezuela Balance of Trade - Forecast

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.


Forecast Data Chart
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Venezuela Trade Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -782 -5000 -3050 -2950 -2940 -4900
Exports 8483 4400 4350 4300 4360 4250
Imports 9576 8000 7400 7250 7300 7000
Current Account -5113 -8800 -8600 -8600 -8500 -8600
Current Account to GDP 2 2.1 2 2 2 2
External Debt 0 410 248 250 249 421
Gold Reserves 164 174 172 175 173 174
Crude Oil Production 1434 1370 1400 1450 1480 1700
Terrorism Index 3.63 3.9 4.2 4.2 4.2 4
Foreign Direct Investment -558 -2500 -2700 -2800 -2800 -3000