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.