Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

Venezuela’s economy continues to crumble, reflecting years of economic malpractice and heightened vulnerability due to weaknesses in the dominant oil sector. Venezuelan oil production fell to a multi-year low in August, due to operational challenges over long-lasting underinvestment and suppliers scaling back their activity over delayed payments. The combination of depressed prices and record-low oil production raised the alarm ahead of multibillion dollar debt payments due this year and next. Car sales contracted a sharp 83.4% annually in August, highlighting the adverse impact of distorting currency controls and a shortage of goods on consumption. The political situation has continued to worsen as the ongoing standoff between the ruling party and the opposition recently intensified. In early September, supporters of the opposition held massive protests in Caracas to increase pressure on the government to approve a recall vote against President Nicolás Maduro.

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 %Sep 19
Exchange Rate10.000.0 %Sep 28
Stock Market12,785-1.52 %Sep 28

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