Colombia: Exports decline most in nearly three years
September 6, 2012
Exports contracted 4.0% in annual terms to USD 4.7 billion in July, which followed the 1.7% fall recorded in the previous month. The figure marks, in fact, the worst result in nearly three years. The monthly drop mainly reflected declining shipments of fuel and mining products. Meanwhile, imports expanded 11.2% in June - the latest month for which data are available - to USD 5.1 billion (May: +10.5% year-on-year). As a result, the trade balance reached a USD 435 million deficit, contrasting the USD 156 million surplus recorded in the same month last year.