Colombia Trade Balance


Colombia: Imports continue to moderate in September

November 15, 2011

In September, imports grew 28.9% over the same month last year to USD 5.1 billion, which represents a slight moderation compared to the 31.9% expansion seen in August. Imports maintained the double-digit pace of growth for the 14th consecutive month on the back of resilient domestic demand, in particular intermediate goods, which jumped 34.6% in September. Meanwhile, exports moderated sharply to a 36.2% expansion in September (August: +50.5% year-on-year). As a result, the trade balance swung to a deficit for the first time since December 2010. The merchandise trade balance incurred a shortfall of USD 585 million in September, after recording a surplus of USD 208 million in August. Export data for October will be released on 6 December. The trade balance swung from a USD 865 million surplus in the second quarter to a USD 51 million deficit in the third, which suggests a sharp deterioration in the external sector's contribution to overall growth in the third quarter.


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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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    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:

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    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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    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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