Colombia Trade April 2016


Contraction in exports eases in April

In April, exports shrank 24.8% over the same month last year, which was a less severe contraction than March’s 33.4% drop. According to the National Statistical Office (DANE), the result came on the back of sharper decreases in exports of petroleum and petroleum-related products as well as manufactured goods. Exports of agricultural goods, food and drinks increased in April.

Imports declined 22.6% in March (the most recent month for which data are available), which was less severe than February’s 24.6% contraction. The trade balance recorded a USD 1.1 billion deficit in March, which was larger than the USD 1.0 billion deficit recorded in the same month last year.

Panelists participating in the LatinFocus Consensus Forecast expect that exports will rise 15.5% in 2016 and expand 8.6% in 2017.

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Colombia Trade Chart

Colombia Exports April 2016

Note: Year-on-year and annual average variation in %.
Source: Colombia National Statistical Office (DANE).

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