Venezuela Balance of Trade2022 Data - 2023 Forecast - 1990-2021 Historical - Chart

Name: Venezuela Balance of Trade
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Keywords: Venezuela,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Venezuela recorded a trade surplus of 5680 USD Million in the first quarter of 2019. source: Banco Central De Venezuela

Balance of Trade in Venezuela averaged 4365.15 USD Million from 1990 until 2019, reaching an all time high of 18496 USD Million in the third quarter of 2008 and a record low of -3154 USD Million in the fourth quarter of 2008. This page provides - Venezuela Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Balance of Trade - values, historical data and charts - was last updated on June of 2022.

Balance of Trade in Venezuela is expected to be 4800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Balance of Trade is projected to trend around 4700.00 USD Million in 2022, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	5680.00	4887.00	USD Million	Mar 2019
Current Account	2533.00	2046.00	USD Million	Mar 2019
Imports	2497.00	3370.00	USD Million	Mar 2019
Exports	8627.00	8257.00	USD Million	Mar 2019
External Debt	0.00	0.00	USD Million	Apr 2022
Foreign Direct Investment	105.00	197.00	USD Million	Mar 2019

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.