Colombia Trade February 2016


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.

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 February 2016 1

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

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