attractive landscape in Colombia

Colombia Trade January 2018

Colombia: Exports continue to soar in January

According to the National Department of Administrative Statistics (DANE), exports continued soaring at a double-digit pace in January, expanding for the fifteenth consecutive month. Exports grew 14.6% year-on-year in the month, beating December’s 13.6% jump. The headline figure reflected an increase in the exports of the three major product groups. In annual terms, overseas sales of farming, food and beverages climbed 27.0%. Manufacturing exports followed closely behind, jumping 22.4%, while exports of fuels and products of extractive industries rose 13.2%. Higher exports of these products countered a contraction in overall exports in other sectors.

In December—the most recent month for which data is available—imports contracted 10.0% year-on-year, a sharper decline than November’s 4.3% yoy drop. The decline was largely due to a sharp drop in fuel imports, which fell 25.2% in annual terms, along with a double-digit contraction in the imports of other sectors.

The trade balance swung to a USD 485.4 million surplus in December, from a USD 384.2 million deficit in the same month of the previous year, and a USD 761.7 million shortfall in November of the same year.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest