Merchandise Imports in Colombia
Merchandise imports were worth USD 71.7 billion in Colombia in 2022, compared to USD 57.1 billion ten years earlier, and averaged USD 52.8 billion over the last decade. For more imports information, visit our dedicated page.
Colombia Merchandise Imports Chart
Colombia Merchandise Imports Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Merchandise Imports (USD bn) | 49.4 | 50.5 | 41.2 | 56.7 | 71.7 |
Merchandise Imports (ann. var. %) | 12.1 | 2.3 | -18.5 | 37.7 | 26.3 |
Merchandise exports slide in October
Merchandise exports dived 14.1% in annual terms in October (September: -13.6% year-on-year). Meanwhile, merchandise imports slid 10.6% on an annual basis in October (September: -23.9% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 2.5 billion shortfall in October (September 2023: USD 0.6 billion deficit; October 2022: USD 2.7 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 13.2 billion deficit in October, compared to the USD 13.4 billion deficit in September.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Colombian merchandise imports projections for the next ten years from a panel of 20 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise imports forecast available for Colombian merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Colombian merchandise imports projections.
Want to get access to the full dataset of Colombian merchandise imports forecasts? Send an email to info@focus-economics.com.
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