Colombia Trade Balance June 2022


Colombia: Merchandise export growth falls in June

August 2, 2022

Merchandise exports expanded 17.2% year-on-year in June, decelerating from May’s 47.0% increase.

Merchandise imports, meanwhile, grew 24.5% in June, easing from May’s 53.0% expansion, and marking the softest increase in 11 months. The merchandise trade deficit widened to USD 2.0 billion in June from the USD 1.7 billion shortfall recorded in May. However, the trend improved, with the 12-month trailing merchandise trade balance coming in at a USD 18.5 billion deficit in June (May: USD 19.1 billion shortfall).

LatinFocus Consensus Forecast panelists project merchandise exports to expand 14.1% in 2022, and merchandise imports to grow 14.6%, resulting in a USD 3.6 billion trade surplus. In 2023 our panel estimates merchandise exports to contract 0.8% and imports to grow 1.7%, with a trade surplus of USD 2.9 billion.


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Colombia Trade Balance Chart

Colombia Exports June 2022 0

Note: Year-on-year and annual average variation in %.
Source: Colombian National Directorate of Taxes & Customs (DIAN).

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