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
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$, in 2015.
Venezuela ranks 57th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 502.90 million BoP, current US$ | -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
- External balance on goods and services as a percent of GDP 4.8% (2025)
- Inflation of consumer prices 254.9% (2016)
- GDP per capita 1,519 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.0% (2011)
- Gross domestic product (GDP) 43.31 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,519 constant 2015 US$ (2025)
- DEC alternative conversion factor 165.46 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 996.97 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.03 billion current US$ (2025)
- Taxes less subsidies on products 0 current LCU (2011)
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 198 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.
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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.