Colombia: Exports contraction eases in February
April 5, 2016
In February, exports shrank 26.7% over the same month last year, which was a less severe contraction than January’s 36.6% drop. According to the National Statistical Office (DANE), the result came on the back of sharper decreases in exports of petroleum and petroleum-related products.
Imports declined 28.1% in January (the most recent month for which data are available), which was lower than December’s 23.9% contraction. The trade balance recorded a USD 1.5 billion deficit in January, which was slightly wider than the deficit recorded in the same month of the previous year.
Author: Robert Hill, Economist