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 October of 2020.

Balance of Trade in Venezuela is expected to be 5000.00 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 4800.00 USD Million in 2021 and 4500.00 USD Million in 2022, according to our econometric models.

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Venezuela Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
5680.00 4887.00 18496.00 -3154.00 1990 - 2019 USD Million Quarterly

Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade 5680.00 4887.00 18496.00 -3154.00 USD Million [+]
Current Account 2533.00 2046.00 15700.00 -6580.00 USD Million [+]
Current Account to GDP 9.80 8.80 17.70 -9.20 percent [+]
Imports 2497.00 3370.00 19338.00 1970.00 USD Million [+]
Exports 8627.00 8257.00 31468.00 2995.00 USD Million [+]
External Debt 0.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.20 161.20 372.93 150.00 Tonnes [+]
Crude Oil Production 397.00 396.00 3453.00 392.00 BBL/D/1K [+]
Terrorism Index 4.10 3.67 4.10 0.63 [+]
Foreign Direct Investment 105.00 197.00 3061.00 -1509.00 USD Million [+]

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.