Colombia: Exports decelerate in October
December 5, 2012
In October, exports expanded 5.8% in annual terms, which was slightly below the 6.1% increase recorded in the previous month. The monthly rise mainly reflected higher shipments of fuel and mining products. As a result of the monthly reading, in the 12 months up to October, exports grew 12.6% over the same period the previous year (September: +14.6% year-on-year).
Meanwhile, imports contracted 8.8% in September - the latest month for which data are available - which contrasted the 8.6% rise recorded in August. As a result, imports increased 12.6% in annual terms in the 12 months up to September (August: +16.0% yoy). The trade balance reached a USD 200 million surplus in September. As a result, the 12-month moving sum of the trade balance reached a USD 1.9 billion surplus, well above the USD 1.0 billion surplus observed in August.