Venezuela recorded a trade surplus of 4616 USD Million in the fourth quarter of 2018. Balance of Trade in Venezuela averaged 4335.85 USD Million from 1990 until 2018, 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.

Balance of Trade in Venezuela is expected to be -2950.00 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 -3000.00 in 12 months time. In the long-term, the Venezuela Balance of Trade is projected to trend around -2750.00 USD Million in 2020, according to our econometric models.

Venezuela Balance of Trade
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Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade 4616.00 5491.00 18496.00 -3154.00 USD Million [+]
Current Account 1687.00 2367.00 15700.00 -6580.00 USD Million [+]
Current Account to GDP 6.00 6.10 17.70 -9.20 percent [+]
Imports 3641.00 3121.00 19338.00 1970.00 USD Million [+]
Exports 8257.00 8612.00 31468.00 2995.00 USD Million [+]
External Debt 2.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.20 161.20 372.93 150.00 Tonnes [+]
Crude Oil Production 906.00 1047.00 3453.00 594.00 BBL/D/1K [+]
Terrorism Index 3.67 3.63 3.67 0.63 [+]
Foreign Direct Investment 197.00 14.00 3061.00 -1509.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Venezuela Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4616.00 5491.00 18496.00 -3154.00 1990 - 2018 USD Million Quarterly
NSA




Country Last Previous
Argentina 951.00 Jul/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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