In September, nominal USD exports expanded 6.1% in annual terms, which contrasted the 7.6% drop recorded in the previous month. The figure marks, in fact, the largest expansion observed in six months. The monthly rise mainly reflected larger shipments of fuel and mining products. As a result of the monthly reading, in the 12 months up to September, exports grew 14.2% over the same period the previous year (August: +16.5% year-on-year). Meanwhile, nominal imports expanded 8.6% in August - the latest month for which data are available - (July: +13.0% yoy). As a result, imports increased 16.0% in annual terms in the last 12 months (August: +17.9% yoy). As a result, the trade balance reached a USD 576 million deficit in August, which prompted the the 12-month moving sum of the trade balance to fall to a USD 1.0 billion surplus in August, smaller than the USD 1.7 billion surplus observed in July.
Colombia Trade Balance
Exports bounce back in September
November 8, 2012
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Colombia Trade Balance Chart
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 Colombian economy continues to adjust to low oil prices two years after they first started to collapse.