Colombia Trade Balance


Colombia: Exports rebound in October

December 3, 2010

In October, exports grew 20.5% over the same month last year to reach USD 3.6 billion. The pace was faster than the 15.0% expansion registered in September. Exports were mainly boosted by strong sales of raw materials and coffee. In addition, exports to Venezuela are picking up again, as relations with that country, historically one of Colombia's major trading partners, are beginning to improve. Last year, a diplomatic row between both countries significantly hurt Colombian exporters, with sales contracting 70% year-on-year. As a result of the October reading, the moving three-month sum of exports reached USD 10.0 billion, which is still below the pre-crisis peak of 10.8 billion registered in July 2008. Meanwhile, in September, the latest month for which data are available, imports grew 43.0% year-on-year (August: 41.9% yoy). As a result, the trade deficit in September widened to USD 716 million from USD 336 million in August.


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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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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