Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

President Nicolás Maduro shortened the working week for public employees to four days in an effort to limit energy consumption amid widespread energy blackouts. The opposition argues that the measure, which will last until May, will exacerbate shortages of consumer goods and constrain economic activity further, as Venezuela slides ever deeper into the worst economic crisis in its history. In March, car sales tallied their largest contraction on record and the bolivar traded at a new record low in the parallel market. Even though oil prices recovered in March, oil-producing states failed to reach an agreement on 17 April to freeze output. The lack of consensus among oil-producing states will keep prices subdued and put additional pressure on Venezuela’s public finances ahead of international debt payments due this year.

Venezuela - Trade Balance Data

2011  2012  2013  2014  2015  
Trade Balance (USD billion)41.2  31.9  31.6  27.2  -     

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Venezuela Trade Balance Chart


Venezuela Trade
Note: Trade balance in USD billion.
Source: Venezuela Central Bank and FocusEconomics calculations.

Venezuela Facts

ValueChangeDate
Bond Yield5.500.0 %Feb 19
Exchange Rate10.000.0 %Apr 28
Stock Market15,655-0.32 %Apr 28

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