Exports in Venezuela
Venezuela - ExportsThe economy seemingly continued to expand in the first quarter of this year, after GDP likely began to timidly recover from years of recession in H2 2021. Oil production rose for the third consecutive quarter in Q1, according to secondary sources. This, coupled with notably higher oil prices, will have sustained activity. Moreover, the economic situation should be benefiting from some free-market oriented reforms. Moving to this quarter, news reports show somewhat higher oil production in April, while they also reveal that the country has begun importing heavy crude from Iran as part of a swap agreement between the two countries. That said, oil exports dropped in April over the previous month, due to poor oil quality and a lack of upgrading capacity. Moreover, in the same month, electricity cuts worsened in the western state of Táchira, seemingly hitting manufacturing production.
Venezuela - Exports Data
|Exports (USD billion)||37.2||27.4||34.0||33.7||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||5.50||0.0 %||Aug 19|
|Exchange Rate||248,832||0.0 %||Aug 17|
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June 16, 2021
National consumer prices rose 28.5% from the previous month in May, up from April’s 24.6% month-on-month increase, according to data released by the Central Bank of Venezuela (BCV).
May 18, 2021
National consumer prices rose 24.6% from the previous month in April, up from March’s 16.1% month-on-month increase, according to data released by the Central Bank of Venezuela (BCV).
April 19, 2021
National consumer prices rose 16.1% from the previous month in March, down markedly from February’s 33.8% month-on-month increase and marking the lowest print in 12 months, according to data released by the Central Bank of Venezuela (BCV).
February 12, 2021
National consumer prices rose 46.6% from the previous month in January, down markedly from December’s 77.5% month-on-month increase which had marked the highest print in 22 months, according to data released by the Central Bank of Venezuela (BCV).
Venezuela: Depreciation of bolívar remains rampant in 2020; softens from levels seen in 2018 and 2019
January 1, 2021
The Venezuelan bolívar soberano fell sharply against the U.S. dollar in 2020 amid rampant inflationary pressures and tumbling oil production.