Venezuela: Terms of trade

* indicates monthly or quarterly data series
 Venezuela

Terms of trade, base year = 2000

 Latest value 101.49
 Year 2021
 Measure percent
 Data availability 1980 - 2021
 Average 92.22
 Min - Max 35.59 - 181.19
 Source The United Nations
The latest value from 2021 is 101.49 percent, an increase from 80.47 percent in 2020. In comparison, the world average is 109.62 percent, based on data from 189 countries. Historically, the average for Venezuela from 1980 to 2021 is 92.22 percent. The minimum value, 35.59 percent, was reached in 1998 while the maximum of 181.19 percent was recorded in 2012. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Venezuela - Terms of trade - Recent values chart

Historical series
Venezuela - Terms of trade - historical chart - 1980-2021




The terms of trade for Venezuela are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 101.49 2021 percent
 Trade openness 48.09 2014 percent
 Financial openness -1.931 2021 index points
 Exports, percent of GDP 16.69 2014 percent
 Exports, billion dollars 80.52 2014 billion U.S. dollars
 Growth of exports -4.66 2014 percent
 Imports, percent of GDP 31.40 2014 percent
 Imports, billion dollars 151.45 2014 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.24 2014 percent
 Foreign Direct Investment, billion dollars 0.94 2022 billion U.S. dollars
 Portfolio investment inflows, equities 5.00 2015 million dollars (current)
 Current account, percent of GDP 8.44 2018 percent
 Current account, in dollars -3.87 2016 billion U.S. dollars
 Trade balance, percent of GDP -14.70 2014 percent
 Trade balance, in dollars 2.87 2016 billion U.S. dollars
 Reserves 9.79 2017 billion U.S. dollars
 Remittances, percent of GDP 0.03 2014 percent
 Remittances 279.00 2016 million U.S. dollars
 Net errors and omissions -2,794.00 2016 million USD
 External debt 33.74 2014 percent
 Short-term external debt 30.42 2021 percent
 Short-term debt to reserves 451.25 2017 percent
 Foreign exchange reserves 10.87 9/2024 billion
This site uses cookies.
Learn more here


OK