Colombia Trade December 2015


Colombia: Exports contract at softer rate in December

February 7, 2016

In December, exports shrank 32.5% over the same month last year, which was an improvement from November’s 37.7% drop and marked the best result in six months. According to the National Statistical Office (DANE), the result came on the back of softer decreases in exports of petroleum and oil derivatives as well as mining products. However, the deteriorations remained significant.

Imports declined 20.8% in November (the most recent month for which data are available), which was slightly better than October’s 22.8% contraction. The trade balance recorded a USD 1.7 billion deficit in November, which was a deterioration from the USD 1.3 billion 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 Trade Chart

Colombia Exports December 2015

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

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