Colombia Trade Balance


Trade deficit narrows in October

Exports continued to moderate and grew 32.6% to USD 4.7 billion in October, which was below the 36.2% expansion recorded in the previous month. Exports, though, maintained the double-digit pace of growth for the 15th consecutive month on the back of higher shipments of commodities, such as petroleum, which jumped 65.5% in October. Meanwhile, imports expanded 33.6% in October (September: +28.9% year-on-year) to USD 4.8 billion due to resilient domestic demand, in particular for capital goods and construction materials, which jumped 53.5% in October. As a result, the trade deficit narrowed from USD 585 million in September to USD 128 million in October, which represents the second consecutive shortfall so far in 2011.

Sample Report

Looking for forecasts related to Trade Balance in Colombia? Download a sample report now.


Colombia Economic News

More news

Search form