In January, exports expanded 29.8% over the same month last year to reach USD 3.8 billion, which represented an improvement over the 20.6% increase in exports registered in December. The January result was bolstered by strong shipments of oil, coal and coffee. The gain in exports was driven by strong demand from the United States (Colombia's most important trading partner), which added 9.6% over the same month the year before. As a result of the January reading, the moving three-month sum of exports reached USD 11.1 billion and has now surpassed the pre-crisis peak of USD 10.8 billion recorded in July 2008. At the same time, imports accelerated 39.8% year-on-year in January to reach USD 3.8 billion. As a result, net exports pushed into positive territory, rebounding from a trade deficit of USD 137 million in December to a trade surplus of USD 13 million in January.
Colombia Trade Balance
Exports accelerate in January
March 25, 2011
Looking for forecasts related to Trade Balance in Colombia? Download a sample report now.
Colombia Economic News
October 7, 2016
In what was a narrow and shocking result, Colombians rejected the peace agreement between the government and the FARC at the 2 October referendum.
September 30, 2016
In August, exports grew 7.0% over the same month last year, which sharply contrasted the 27.3% plunge recorded in July.
September 30, 2016
The seven-member board of the Central Bank (BanRep) unanimously decided to keep the reference interest rate unchanged at 7.75% at its 30 September monetary policy meeting.
September 16, 2016
Industrial production unexpectedly shrank 6.2% annually in July, which contrasted the 6.7% increase seen in June.
September 5, 2016
The Central Bank’s (BanRep) efforts to fight inflation through tighter monetary policy seem to be finally paying off.