Colombia: Contraction in exports eases in April
June 3, 2016
In April, exports shrank 24.8% over the same month last year, which was a less severe contraction than March’s 33.4% drop. According to the National Statistical Office (DANE), the result came on the back of sharper decreases in exports of petroleum and petroleum-related products as well as manufactured goods. Exports of agricultural goods, food and drinks increased in April.
Imports declined 22.6% in March (the most recent month for which data are available), which was less severe than February’s 24.6% contraction. The trade balance recorded a USD 1.1 billion deficit in March, which was larger than the USD 1.0 billion deficit recorded in the same month last year.
Author: Robert Hill, Economist