Venezuela Balance of Trade  Forecast


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Balance of Trade in Venezuela is expected to be -2880.00 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 -4700.00 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 Trade Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -782 -2880 -4000 -4500 -4700 -4900
Exports 8483 6121 5458 5000 4660 7500
Imports 9576 9001 9458 9500 9362 12400
Current Account -5113 -1900 663 828 1028 -1550
Current Account to GDP -2.4 -3 -3.2 -3.2 5.06 -3.5
External Debt 589 400 400 400 271 421
Remittances 836 782 771 759 747 531
Gold Reserves 188 213 227 241 255 321
Crude Oil Production 2100 2200 2184 2206 2226 2000
Terrorism Index 2 2.73 2.6 2.6 2.6 2.5
Foreign Direct Investment 12 661 648 659 650 655