Imports in Venezuela

Venezuela Imports | Economic News & Forecasts

Venezuela - Imports

Facing fierce criticism at home and abroad, President Nicolás Maduro was sworn in to serve a new six-year term on 11 January after being reelected in the May 2018 presidential election that was widely condemned as illegitimate. This comes against a dire economic backdrop as the economy remains in crisis with no end in sight. Oil prices slumped after hitting four-year highs in October, which, coupled with faltering oil production—down nearly a third from January 2018 to 1.1 million bpd in November 2018 according to secondary sources—have undoubtedly put a strain on crucial export earnings and government revenues. On a brighter note, in a bid to revamp output, two major oil deals between the state-run oil firm, PDVSA, and U.S.-based Erepla and France’s Maurel & Prom were announced in early-January. Erepla is set to invest up to USD 500 million in three oilfields, while Maurel & Prom would invest USD 110 million for a 11% stake in the Petroregional del Lago joint venture.

Venezuela - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)57.2  47.5  36.1  -     -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Venezuela Facts

ValueChangeDate
Bond Yield5.500.0 %Aug 19
Exchange Rate248,8320.0 %Aug 17
Stock Market5,7642.04 %Jan 30

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form