Colombia Trade Balance

Colombia

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.

LatinFocus Consensus Forecast panelists expect that exports will expand 5.6% in 2014 and 6.9% in 2015.


Author: Teresa Kersting, Economist

Sample Report

Looking for forecasts related to Trade Balance in Colombia? Download a sample report now.

Download

Colombia Trade Balance Chart


Colombia Exports April 2014 4

Note: Year-on-year and annual average variation in %.
Source: Colombia National Statistical Office (DANE).


Colombia Economic News

More news

Search form