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Colombia Trade Balance April 2020

Colombia: Exports plunge to record low in April amid global shutdown

Exports plummeted 52.3% over the same month last year in April, the worst decline on record as the coronavirus pandemic halted the domestic and global economy (March: 28.5% year-on-year). Export sales were down across all major subcomponents, with sales of fuels and minerals nosediving around 70% annually.

In March—the latest month for which data is available—imports fell 16.9% over the same month of 2019, which contrasted February’s 0.2% rise.

Accordingly, the trade deficit widened to USD 1.0 billion in March from the USD 0.8 billion shortfall in the same month of 2019

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