Colombia Trade

Colombia

Colombia: Exports contract at a softer rate in October

December 7, 2015

In October, exports shrank 36.9% over the same month last year, coming in above September’s 43.4% drop and marking a four-month high. According to the National Statistical Office (DANE), despite still recording significant contractions, exports of petroleum and oil derivatives as well as mining product exports fell at softer rates in October.

Imports declined 22.6% in September (the most recent month for which data are available), which was below August’s 9.2% contraction. The trade balance recorded a USD 1.4 billion deficit in September, which was a significant deterioration from the USD 469 million deficit recorded in the same month of the previous year.

Panelists participating in the LatinFocus Consensus Forecast expect that exports will fall 15.5% in 2015 and expand 8.6% in 2016.


Author:, Economist

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Colombia Exports October 2015

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


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