Venezuela: Trade balance, in dollars

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 2.28 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.

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.