Trade Balance in Venezuela
Venezuela - Trade BalanceVenezuela was thrown into uncharted political territory after the government-controlled Supreme Court backtracked on its decision to suspend the opposition-controlled National Assembly. The unprecedented ruling opens a new chapter in the long and bitter standoff between both factions and has exposed the first visible cracks in the ruling party. It is extremely uncertain how future events will play out and whether the government will be able to quell growing domestic and international pressure amid a catastrophic economic scenario. Oil prices in March declined to pre-OPEC deal lows, wiping out hopes for an improvement in public finances and risking recourse to already depleted international reserves to comply with looming bond payments. Financial markets have also experienced turbulence, with bond prices tumbling and credit default swaps increasing as an almost USD 3.0 billion payment is due in mid-April.
Venezuela - Trade Balance Data
|Trade Balance (USD billion)||41.2||31.9||31.6||27.2||-|
5 years of economic forecasts for more than 30 economic indicators.
Venezuela Trade Balance Chart
Source: Venezuela Central Bank and FocusEconomics calculations.
|Exchange Rate||10.00||0.0 %||May 10|
|Stock Market||60,657||2.16 %||May 10|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
May 11, 2017
Taking a look at exchange rate movements since the start of the year, on 8 May, the bolivar traded in the parallel market at 5,114 VEF per USD, crossing the 5,000 VEF threshold for the first time ever on 5 May.
May 11, 2017
Given the dearth of official data for inflation, different indicators from official and non-official sources are used as proxies to measure the evolution of price levels in the South American country.
May 10, 2017
Oil prices have experienced a weak recovery after declining in March.
May 9, 2017
Car sales in Venezuela dropped 19.7% year-on-year in April.
May 8, 2017
The largest protests since 2014 have brought the country to a standstill.