Colombia Trade January 2016

Colombia

Colombia: Exports contract at sharper rate in January

March 7, 2016

In January, exports shrank 36.6% over the same month last year, which was a deterioration from December’s 32.5% drop. According to the National Statistical Office (DANE), the result came on the back of sharper decreases in exports of petroleum and oil derivatives as well as mining products.

Imports declined 23.9% in December (the most recent month for which data are available), which was lower than November’s 20.8% contraction. The trade balance recorded a USD 1.4 billion deficit in December, which mirrored the deficit recorded in the same month of the previous year.

Panelists participating in the LatinFocus Consensus Forecast expect that exports will rise 15.5% in 2016 and expand 8.6% in 2017.


Author:, Economist

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Colombia Exports January 2016

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


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