Colombia: Exports drop at fastest pace in over a year
June 10, 2014
Exports fell 13.1% over the same month last year in April, which was well below the 4.5% contraction recorded in March and marked the steepest decline since March of last year. According to the National Statistical Office (DANE), the deterioration was due to a contraction in exports of fuel and products from extractive industries, as well as in manufacturing products.
Imports grew 9.4% in March (the most recent month for which data are available), coming in below the 11.3% expansion recorded in February. The trade balance recorded a USD 504 million deficit in March, which was below the USD 218 million deficit recorded in the same month of last year.