Venezuela: Trade balance, in dollars

* indicates monthly or quarterly data series
 Venezuela

Trade balance, billion USD

 Latest value 2.87
 Year 2016
 Measure billion U.S. dollars
 Data availability 1970 - 2016
 Average 6.69
 Min - Max -8.23 - 33.80
 Source The World Bank
The latest value from 2016 is 2.87 billion U.S. dollars, an increase from -8.23 billion U.S. dollars in 2015. In comparison, the world average is 2.22 billion U.S. dollars, based on data from 177 countries. Historically, the average for Venezuela from 1970 to 2016 is 6.69 billion U.S. dollars. The minimum value, -8.23 billion U.S. dollars, was reached in 2015 while the maximum of 33.8 billion U.S. dollars was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Venezuela - Trade balance, in dollars - Recent values chart

Historical series
Venezuela - Trade balance, in dollars - historical chart - 1970-2016




Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 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
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