Colombia Trade


Colombia: Exports contract at a softer rate in June

August 6, 2015

In June, exports shrank 31.5% over the same month last year, coming in above May’s 38.9% drop. According to the National Statistical Office (DANE), a sizeable drop in exports of petroleum and oil derivatives as well as a drop in mining product exports were mainly behind June’s contraction.

Imports declined 17.7% in May (the most recent month for which data are available), which was above April’s 18.4% contraction. The trade balance recorded a USD 871 million deficit in May, which contrasted the USD 357 million surplus recorded in the same month of the previous year.

LatinFocus Consensus Forecast panelists expect that exports will expand 11.9% in 2015 and 10.0% in 2016.

Author:, Economist

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Colombia Trade Chart

Colombia Exports June 2015

Note: Year-on-year and annual average variation in %.
Source: Colombia National Statistical Office (DANE).

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