Net trade in goods in Venezuela
Venezuela: Net trade in goods was 11.06 billion BoP, current US$ in 2016. ◆ Volatile
Net trade in goods in Venezuela, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods in Venezuela is 11.06 billion BoP, current US$, 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 peaked at 44.88 billion BoP, current US$ in 2008 and was at its lowest, -2.06 billion BoP, current US$, in 1978.
Venezuela ranks 34th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.00 billion BoP, current US$ | -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
- 31 Ghana 13.79 billion BoP, current US$ compare
- 32 Iran 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
- Services, value added 0 current LCU (2011)
- Exports of goods and services 2.46 trillion current LCU (2025)
- Exports of goods and services 16.32 billion constant 2015 US$ (2025)
- Exports of goods and services 4.4% (2025)
- Services, value added 31.03 billion constant LCU (2014)
- Exports of goods and services 14.9% (2025)
- Services, value added -0.4% (2014)
- Services, value added 0 current US$ (2011)
- Gross fixed capital formation -5.1% (2025)
- Gross fixed capital formation 2.15 billion constant 2015 US$ (2025)
Frequently asked questions
- What is net trade in goods in Venezuela?
- Net trade in goods in Venezuela 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?
- The highest recorded value was 44.88 billion BoP, current US$ in 2008.
- What is the lowest net trade in goods recorded in Venezuela?
- The lowest recorded value was -2.06 billion BoP, current US$ in 1978.
- How does Venezuela rank for net trade in goods?
- Venezuela ranks 34th out of 199 countries with data for 2016.
- Is net trade in goods rising or falling in Venezuela?
- Over the last ten years it is down 65.5%. 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 (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.