Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

Venezuela scored an important victory in late September when OPEC countries agreed to a provisional deal to curb output for the first time since 2008. Venezuela hopes the accord will push prices up and improve the country’s public account as it faces an acute dilemma: oil production in Q3 declined to multi-year lows while Venezuela’s strategic ally China plans to stop lending to the crisis-struck country. In September, the government made a bond swap proposal to alleviate the debt burden of the state-run oil company as nearly USD 15 billion of bond payments loom this year and next. There is no end in sight to the ever-growing economic and political crisis as the government attempts to circumvent the opposition-controlled national assembly to approve its budget.

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

Bond Yield5.500.0 %Oct 19
Exchange Rate10.000.0 %Oct 20
Stock Market13,8221.43 %Oct 20

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