Colombia: Exports bounce back in September
November 8, 2012
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.