Net trade in goods and services in Venezuela
Venezuela: Net trade in goods and services was 2.87 billion BoP, current US$ in 2016. ◆ Volatile
Latest (2016)
2.87 billion BoP, current US$
Change on year
up 134.9%
World rank
57th
of 200 countries
All-time high
33.80 billion BoP, current US$
in 2008
All-time low
-8.23 billion BoP, current US$
in 2015
Years of data
47
1970–2016
Net trade in goods and services in Venezuela, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Venezuela is 2.87 billion BoP, current US$, measured in 2016.
The figure is up 134.9% on the previous year and down 89.6% over ten years.
Over the whole period, net trade in goods and services in Venezuela peaked at 33.80 billion BoP, current US$ in 2008 and was at its lowest, -8.23 billion BoP, current US$, in 2015.
Venezuela ranks 57th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Venezuela, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1970 | 541.00 million BoP, current US$ | — |
| 1971 | 810.00 million BoP, current US$ | +49.7% |
| 1972 | 474.00 million BoP, current US$ | -41.5% |
| 1973 | 1.68 billion BoP, current US$ | +253.6% |
| 1974 | 6.60 billion BoP, current US$ | +293.6% |
| 1975 | 2.24 billion BoP, current US$ | -66.0% |
| 1976 | 278.00 million BoP, current US$ | -87.6% |
| 1977 | -2.98 billion BoP, current US$ | -1173.4% |
| 1978 | -5.37 billion BoP, current US$ | +79.8% |
| 1979 | 760.00 million BoP, current US$ | -114.2% |
| 1980 | 4.84 billion BoP, current US$ | +536.6% |
| 1981 | 3.83 billion BoP, current US$ | -20.7% |
| 1982 | -2.08 billion BoP, current US$ | -154.2% |
| 1983 | 6.75 billion BoP, current US$ | -425.0% |
| 1984 | 6.88 billion BoP, current US$ | +2.0% |
| 1985 | 5.73 billion BoP, current US$ | -16.8% |
| 1986 | -522.00 million BoP, current US$ | -109.1% |
| 1987 | 320.00 million BoP, current US$ | -161.3% |
| 1988 | -3.89 billion BoP, current US$ | -1315.9% |
| 1989 | 4.71 billion BoP, current US$ | -221.1% |
| 1990 | 9.36 billion BoP, current US$ | +98.5% |
| 1991 | 2.70 billion BoP, current US$ | -71.2% |
| 1992 | -1.63 billion BoP, current US$ | -160.4% |
| 1993 | 90.00 million BoP, current US$ | -105.5% |
| 1994 | 4.53 billion BoP, current US$ | +4932.2% |
| 1995 | 3.85 billion BoP, current US$ | -15.0% |
| 1996 | 10.50 billion BoP, current US$ | +172.9% |
| 1997 | 6.35 billion BoP, current US$ | -39.6% |
| 1998 | -1.70 billion BoP, current US$ | -126.7% |
| 1999 | 3.63 billion BoP, current US$ | -314.0% |
| 2000 | 13.41 billion BoP, current US$ | +269.2% |
| 2001 | 4.15 billion BoP, current US$ | -69.0% |
| 2002 | 10.51 billion BoP, current US$ | +153.2% |
| 2003 | 14.11 billion BoP, current US$ | +34.3% |
| 2004 | 19.26 billion BoP, current US$ | +36.5% |
| 2005 | 27.71 billion BoP, current US$ | +43.8% |
| 2006 | 27.59 billion BoP, current US$ | -0.5% |
| 2007 | 13.69 billion BoP, current US$ | -50.4% |
| 2008 | 33.80 billion BoP, current US$ | +146.9% |
| 2009 | 5.73 billion BoP, current US$ | -83.1% |
| 2010 | 12.69 billion BoP, current US$ | +121.7% |
| 2011 | 26.22 billion BoP, current US$ | +106.6% |
| 2012 | 14.69 billion BoP, current US$ | -44.0% |
| 2013 | 14.53 billion BoP, current US$ | -1.1% |
| 2014 | 12.55 billion BoP, current US$ | -13.6% |
| 2015 | -8.23 billion BoP, current US$ | -165.6% |
| 2016 | 2.87 billion BoP, current US$ | -134.9% |
Venezuela compared with similar countries
- Venezuela's 2.87 billion BoP, current US$ is above the median for lower middle income countries, which is -1.21 billion BoP, current US$. (47 countries reporting)
- Venezuela's 2.87 billion BoP, current US$ is above the median for Latin America & Caribbean, which is -99.96 million BoP, current US$. (37 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +4932.2% | 90.00 million BoP, current US$ | 4.53 billion BoP, current US$ |
| 1988 | -1315.9% | 320.00 million BoP, current US$ | -3.89 billion BoP, current US$ |
| 1977 | -1173.4% | 278.00 million BoP, current US$ | -2.98 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 502.90 million BoP, current US$ | -5.37 billion BoP, current US$ | 6.60 billion BoP, current US$ | 10 |
| 1980s | 2.66 billion BoP, current US$ | -3.89 billion BoP, current US$ | 6.88 billion BoP, current US$ | 10 |
| 1990s | 3.77 billion BoP, current US$ | -1.70 billion BoP, current US$ | 10.50 billion BoP, current US$ | 10 |
| 2000s | 17.00 billion BoP, current US$ | 4.15 billion BoP, current US$ | 33.80 billion BoP, current US$ | 10 |
| 2010s | 10.76 billion BoP, current US$ | -8.23 billion BoP, current US$ | 26.22 billion BoP, current US$ | 7 |
Countries ranked near Venezuela
- 54 Lithuania 3.72 billion BoP, current US$ compare
- 55 Congo 3.26 billion BoP, current US$ compare
- 56 Brunei 2.94 billion BoP, current US$ compare
- 58 Guyana 2.78 billion BoP, current US$ compare
- 59 Cyprus 2.40 billion BoP, current US$ compare
- 60 Trinidad and Tobago 1.88 billion BoP, current US$ compare
More economy & growth data for Venezuela
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0216 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 91.64 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.45 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0135 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 57.47 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is net trade in goods and services in Venezuela?
- Net trade in goods and services in Venezuela was 2.87 billion BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Venezuela?
- The highest recorded value was 33.80 billion BoP, current US$ in 2008.
- What is the lowest net trade in goods and services recorded in Venezuela?
- The lowest recorded value was -8.23 billion BoP, current US$ in 2015.
- How does Venezuela rank for net trade in goods and services?
- Venezuela ranks 57th out of 200 countries with data for 2016.
- Is net trade in goods and services rising or falling in Venezuela?
- Over the last ten years it is down 89.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.