Venezuela Balance Of Trade
Venezuela · Quarterly series · EC-VE-BOT
Latest, Q1 2019
5.68B USD
+16.2% from Q4 2018
Forecast
Forecast for Q1 2020: 6.19B USD, with an 80% interval of 2.91B USD to 9.41B USD.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| Q2 2019 | 5.84B USD | 4.67B USD | 6.90B USD |
| Q3 2019 | 5.71B USD | 3.59B USD | 7.78B USD |
| Q4 2019 | 5.60B USD | 3.35B USD | 7.85B USD |
| Q1 2020 | 6.19B USD | 2.91B USD | 9.41B USD |
AI confidence
Mixed evidenceThe 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.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2019-03-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
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.
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.
Recent history (24 observations)
| Period | Value |
|---|---|
| Q1 2019 | 5.68B USD |
| Q4 2018 | 4.89B USD |
| Q3 2018 | 5.73B USD |
| Q2 2018 | 5.28B USD |
| Q1 2018 | 4.99B USD |
| Q4 2017 | 6.67B USD |
| Q3 2017 | 4.91B USD |
| Q2 2017 | 4.99B USD |
| Q1 2017 | 5.43B USD |
| Q4 2016 | 4.49B USD |
| Q3 2016 | 3.68B USD |
| Q2 2016 | 2.70B USD |
| Q1 2016 | 168.0M USD |
| Q4 2015 | 587.0M USD |
| Q3 2015 | -12.0M USD |
| Q2 2015 | 3.98B USD |
| Q1 2015 | -625.0M USD |
| Q4 2014 | 632.0M USD |
| Q3 2014 | 5.81B USD |
| Q2 2014 | 9.99B USD |
| Q1 2014 | 10.98B USD |
| Q4 2013 | 7.43B USD |
| Q3 2013 | 8.91B USD |
| Q2 2013 | 8.58B USD |
Source
Data: public market data feeds.
More from Agentic Investor
- Open Venezuela Balance Of Trade in the app: the interactive chart and a fresh forecast
- World and commodity series: every stored series
- Vietnam indicators
Also stored for Venezuela
- Venezuela Banks Balance Sheet
- Venezuela CPI Transportation
- Venezuela Central Bank Balance Sheet
- Venezuela Consumer Confidence Index
- Venezuela Consumer Price Index
- Venezuela Core Consumer Prices
- Venezuela Core Inflation Rate YoY
- Venezuela Corporate Tax Rate
- Venezuela Corruption Index
- Venezuela Corruption Rank
- Venezuela Crude Oil Production
- Venezuela Crude Oil Rigs