Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

The collapse in oil prices and chronic economic mismanagement by the ruling party has sent the economy into a tailspin and has plunged the country into an unprecedented political, economic and humanitarian crisis. While economic conditions are set to improve after what was likely the largest contraction in the world in 2016, the country is nonetheless set to remain deep in recession. Venezuelan oil prices have stabilized below the USD 50.0 benchmark but remain too low to revive economic activity. This spells bad news since the country’s debt repayment schedule is fast approaching and an almost USD 3.0 billion loan is due in April, with additional multibillion loan repayments due in the remainder of the year. With international reserves under USD 11.0 billion and a strong repayment commitment by the socialist government, economic hardship is set to worsen and possibly fuel further social unrest.

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 %Aug 19
Exchange Rate10.000.0 %Mar 28
Stock Market41,0783.68 %Mar 28

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