Colombia: Exports fall most in three years
October 8, 2012
Exports contracted 7.6% in annual terms to USD 4.6 billion in August, which contrasted the 0.4% rise recorded in the previous month. The figure marks, in fact, the largest decline observed since September 2009. The monthly drop mainly reflected a large decline in shipments of fuel and mining products. Meanwhile, imports expanded 13.0% in July - the latest month for which data are available - to USD 5.2 billion (June: +11.2% year-on-year). As a result, the trade balance reached a USD 252 million deficit, contrasting the USD 326 million surplus recorded in the same month last year.