Net trade in goods in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Net trade in goods was 11.06 billion BoP, current US$ in 2016. β Volatile
Net trade in goods in Venezuela (Bolivarian Republic of), 1970β2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods in Venezuela (Bolivarian Republic of) is 11.06 billion BoP, current US$, measured in 2016.
Compared with earlier readings it is up 179.6% on the previous year and down 65.5% over ten years.
Over the whole period, net trade in goods in Venezuela (Bolivarian Republic of) peaked at 44.88 billion BoP, current US$ in 2008 and was at its lowest, -2.06 billion BoP, current US$, in 1978.
Venezuela (Bolivarian Republic of) ranks 34th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.00 billion BoP, current US$ | -2.06 billion BoP, current US$ | 7.41 billion BoP, current US$ | 10 |
| 1980s | 4.99 billion BoP, current US$ | -1.86 billion BoP, current US$ | 8.83 billion BoP, current US$ | 10 |
| 1990s | 6.56 billion BoP, current US$ | 1.08 billion BoP, current US$ | 13.81 billion BoP, current US$ | 10 |
| 2000s | 22.54 billion BoP, current US$ | 7.46 billion BoP, current US$ | 44.88 billion BoP, current US$ | 10 |
| 2010s | 24.63 billion BoP, current US$ | 3.96 billion BoP, current US$ | 41.20 billion BoP, current US$ | 7 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 31 Ghana 13.79 billion BoP, current US$ compare
- 32 Iran (Islamic Republic of) 13.14 billion BoP, current US$ compare
- 33 South Africa 11.97 billion BoP, current US$ compare
- 35 Kazakhstan 11.04 billion BoP, current US$ compare
- 36 Finland 9.32 billion BoP, current US$ compare
- 37 Papua New Guinea 8.71 billion BoP, current US$ compare
More economy & growth data for Venezuela (Bolivarian Republic of)
- 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)
- Taxes less subsidies on products (current LCU), annual growth rate -100 % change on previous year (1991)
- Taxes less subsidies on products (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2011)
- Taxes less subsidies on products (current LCU), per capita 0 current LCU per person (2011)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0704 (2017)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 14.21 (2017)
- Domestic currency per US dollar (End-of-period (EoP)) 9.97 (2017)
- US dollar per domestic currency (End-of-period (EoP)) 0.1003 (2017)
- Gdp worldbank constant usd, annual growth rate 1.57 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods in Venezuela (Bolivarian Republic of)?
- Net trade in goods in Venezuela (Bolivarian Republic of) was 11.06 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 recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 44.88 billion BoP, current US$ in 2008.
- What is the lowest net trade in goods recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was -2.06 billion BoP, current US$ in 1978.
- How does Venezuela (Bolivarian Republic of) rank for net trade in goods?
- Venezuela (Bolivarian Republic of) ranks 34th out of 199 countries with data for 2016.
- Is net trade in goods rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 65.5%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) 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 (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 is the difference between the exports and imports of goods. 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.