Colombia Trade

Colombia

Colombia: Exports fall back into the red in June

August 12, 2014

Exports fell 4.1% over the same month last year in June, which contrasted the 2.9% expansion recorded in May. According to the National Statistical Office (DANE), the contraction came on the back of a steep decline in exports of manufacturing products and a drop in exports of fuel and products from extractive industries, which more than compensated for an expansion in exports of agricultural food products.

Imports grew 4.7% in May (the most recent month for which data are available), coming in below the 5.6% rise recorded in April. The trade balance recorded a USD 63 million surplus in May, which was markedly below the USD 151 million surplus recorded in the same month of last year.

LatinFocus Consensus Forecast panelists expect that exports will expand 4.8% in 2014 and 7.2% in 2015.


Author: Teresa Kersting, Economist

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Colombia Trade Chart


Colombia Exports June 2014 0

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


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