Colombia: Exports continue to plunge in October
Exports fell 11.9% over the same month of the previous year in October, following the 12.3% year-on-year drop in September which had marked the sharpest fall since December 2018. October’s downturn reflected a large decline in exports of fuels and products of extractive industries.
In September—the latest month for which data is available—imports rose 3.8% over the same month of the previous year. This was below the 7.3% year-on-year expansion recorded August. September’s moderation reflected more modest upturns in imports of fuel and products of extractive industries, as well as in purchases of agriculture products.
Meanwhile, the trade deficit widened to USD 916 million in September, compared to a USD 356 million shortfall in the same month last year.