Venezuela Balance Of Trade

Venezuela · Quarterly series · EC-VE-BOT

Latest, Q1 2019

5.68B USD

+16.2% from Q4 2018

Open interactive chartVenezuela Balance Of Trade in the app

18.5B7.671B-3.154BQ1 1990Q1 2020
History through Q1 2019, the forecast path to Q1 2020 (dashed) and its 80% interval (shaded).

Forecast

Forecast for Q1 2020: 6.19B USD, with an 80% interval of 2.91B USD to 9.41B USD.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
Q2 20195.84B USD4.67B USD6.90B USD
Q3 20195.71B USD3.59B USD7.78B USD
Q4 20195.60B USD3.35B USD7.85B USD
Q1 20206.19B USD2.91B USD9.41B USD

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-15.

AI confidence

Mixed evidence

The tests show no consistent, material advantage over the no-change baseline.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
+9%Matches the no-change baseline over 8 tests (8 tests, 5 won)
Direction
75%No clear edge over a coin flip (24 of 32 calls right in 8 tests)
Turning points
4 of 12Anticipated some turns (12 turns in 8 tests, 1 without a turn)
Error vs baseline
9% lowerError ratio 0.91; 1.00 is a tie.
Tests won
5 / 8Complete rolling backtests; ties count as no win.
Test period
2011-06-01 to 2019-03-014 observations ahead per test.
80% band coverage
88%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.

Reading

It is above 49% of the 39 earlier readings since Q2 2009.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
Q1 20195.68B USD
Q4 20184.89B USD
Q3 20185.73B USD
Q2 20185.28B USD
Q1 20184.99B USD
Q4 20176.67B USD
Q3 20174.91B USD
Q2 20174.99B USD
Q1 20175.43B USD
Q4 20164.49B USD
Q3 20163.68B USD
Q2 20162.70B USD
Q1 2016168.0M USD
Q4 2015587.0M USD
Q3 2015-12.0M USD
Q2 20153.98B USD
Q1 2015-625.0M USD
Q4 2014632.0M USD
Q3 20145.81B USD
Q2 20149.99B USD
Q1 201410.98B USD
Q4 20137.43B USD
Q3 20138.91B USD
Q2 20138.58B USD

Source

Data: public market data feeds.

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