Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

President Nicolás Maduro addressed the Russian Energy Week forum on 4 October and affirmed that the nation would meet its debt obligations despite the imposition of a fresh round of sanctions by the U.S. The sanctions restrict the ability of the cash-strapped Venezuelan government to raise new debt from U.S. financial markets, amid increasing worldwide diplomatic isolation. Taking a softer stance, Russia is looking at the prospects of restructuring Venezuela’s bilateral debt payments. Maduro’s newly-introduced measures to peg the bolivar to a basket of currencies excluding the U.S. dollar and no longer accept payments in U.S. dollars for oil sales, in a bid to subvert the U.S. sanctions, fail to address the fundamental imbalances that have precipitated a lethal inflation-depreciation spiral. Meanwhile, campaigning for regional elections to appoint state governors to be held on 15 October kicked off on 23 September, ramping up tensions between the government and opposition.

Venezuela - Trade Balance Data

2012  2013  2014  2015  2016  
Trade Balance (USD billion)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 %Aug 19
Exchange Rate10.000.0 %Oct 19
Stock Market5712.04 %Oct 19

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