Colombia Trade Balance

Colombia

Colombia: Exports rebound in May expanding at the fastest pace in five months

July 11, 2014

Exports rose 2.9% over the same month last year in May, which contrasted the 13.1% contraction recorded in April and marked the fastest pace of expansion since December last year. According to the National Statistical Office (DANE), the expansion was due to an acceleration in exports of fuel and products from extractive industries, as well as in agricultural food products, which more than compensated for the decline in exports of manufacturing products.

Imports grew 5.6% in April (the most recent month for which data are available), coming in below the 9.4% rise recorded in March. The trade balance recorded a USD 1.2 billion deficit in April, which was well below the USD 504 million deficit recorded in the same month of last year.

LatinFocus Consensus Forecast panelists expect that exports will expand 4.0% in 2014 and 6.6% 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 May 2014

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


Colombia Economic News

  • Colombia: Inflation remains steady in June

    July 5, 2018

    According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.15% over the previous month in June, a smaller rise than the 0.25% month-on-month increase in May.

    Read more

  • Colombia: PMI shoots up to two-and-a-half year high in June

    July 3, 2018

    The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) climbed to 53.0 in June, up from 51.1 in May, which marks the highest result since January 2016.

    Read more

  • Colombia: Central Bank keeps interest rate on hold in June

    June 29, 2018

    At its 29 June Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously voted to maintain the benchmark interest rate at 4.25%, following a rate cut by 25 basis points at its last meeting held in April.

    Read more

  • Colombia:

    June 19, 2018

    The Fedesarollo consumer confidence index shot up to 8.9 points in May from 1.5 points in April, moving further above the zero-point threshold separating optimism from pessimism among consumers.

    Read more

  • Colombia: Industrial production records stellar expansion in April

    June 15, 2018

    According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 15 June, industrial output expanded 10.5% over the same month of the previous year in April, contrasting a revised 1.2% year-on-year contraction in March (previously reported: -1.4% year-on-year). Looking at a breakdown of the data, 34 out of the 39 industrial activities recorded an upturn, while the remaining five categories registered a decline.

    Read more

More news

Search form