Venezuela Balance of Trade - Forecast

Balance of Trade in Venezuela is expected to be -4000.00 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 -5000.00 in 12 months time. In the long-term, the Venezuela Balance of Trade is projected to trend around -4900.00 USD Million in 2020, according to our econometric models.


Venezuela Balance of Trade
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Venezuela Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -782 -4501 -4702 -5000 248 -4900
Exports 8483 5000 4660 6700 9509 7500
Imports 9576 9500 9362 11700 9262 12400
Current Account -5113 -8000 -8500 -9000 -9400 -9800
Current Account to GDP -2.4 -3.2 -3.2 -3.2 -3.8 -3.5
External Debt 28 400 259 410 265 421
Gold Reserves 150 183 135 134 131 132
Crude Oil Production 1533 1598 1651 2101 1639 2000
Terrorism Index 3.63 2.6 2.6 2.6 1.77 2.5
Foreign Direct Investment 12 -1500 -2000 -2500 -2700 -3000