Colombia: Exports contract at a steeper rate in November
January 7, 2016
In November, exports shrank 37.7% over the same month last year, which was a deterioration from October’s 36.9% drop. According to the National Statistical Office (DANE), the result came on the back of sharper falls in exports of petroleum and oil derivatives as well as mining products.
Imports declined 22.8% in October (the most recent month for which data are available), which was slightly less than September’s 22.6% contraction. The trade balance recorded a USD 1.6 billion deficit in October, which was a deterioration from the USD 1.3 billion deficit recorded in the same month of the previous year.
Author: Eric Denis , Economist