Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

Years of economic mismanagement and the slump in oil prices have pushed Venezuela into a severe crisis, as confirmed by the latest developments in the oil-rich country. In June, oil output dropped to a new multi-year low and the trend looks irreversible in the short term. A short-lived rally in oil prices came to an end in July, raising the alarm ahead of multibillion dollar debt payments due this year and next. Furthermore, a potential unification of the exchange rate system hangs on a thread after President Nicolás Maduro sacked the pro-reformist minister who strove to liberalize the country’s currency controls and unify the exchange rate systems. Lastly, on the political front, the standoff between the government and the opposition intensified after the government-controlled Supreme Court ruled that all actions by the opposition-controlled Legislature since late July are null and void.

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 %Jul 19
Exchange Rate10.000.0 %Aug 03
Stock Market12,374-0.43 %Aug 03

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