Merchandise Trade Balance in Venezuela
The merchandise trade balance in Venezuela averaged USD 25.2 billion in the decade to 2018. The 2018 reading was USD 20.9 billion. For more information on trade, visit our dedicated page.
Venezuela Trade Chart
Note: This chart displays Trade Balance (USD billion) for Venezuela from 2009 to 2023.
Source: Macrobond.
Venezuela Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 1.6 | 2.3 | 3.0 | 3.6 | 5.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Venezuelan trade projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Venezuelan trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Venezuelan trade projections.
Want to get access to the full dataset of Venezuelan trade forecasts? Send an email to info@focus-economics.com.