attractive landscape in Colombia

Colombia Trade July 2019

Colombia: Exports fall at sharpest year-to-date pace in July

Exports sank 9.9% over the same month of the previous year in July, following the 8.7% year-on-year decline in June. July’s downturn was chiefly driven by a sizeable drop in exports of fuels and products of extractive industries. Overseas sales of farming, food and beverages products, and manufacturing goods rose modestly, however, cushioning the overall fall.

In June—the latest month for which data is available—imports slid 5.7% over the same month of the previous year, marking the first contraction in over a year. This contrasted the 6.1% year-on-year rise recorded in May, and was led by a fall in the purchases of agricultural produce and manufacturing products from abroad. Meanwhile, imports of fuels and products of extractive industries surged in the month.

Meanwhile, the trade deficit widened to USD 761 million in annual terms in June compared to a USD 716 million shortfall in the same month last year. That said, it was smaller than the USD 836 million deficit registered in May.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest