Colombia Trade December 2019

Colombia

Colombia: Exports fall in the final month of 2019

February 5, 2020

Exports fell 1.9% in December over the same month a year earlier, following the 13.6% year-on-year drop in November. December’s downturn largely reflected a marked drop in exports of fuels and products of extractive industries.

In November—the latest month for which data is available—imports rose 6.3% over the same month of 2018, which contrasted the 16.1% contraction recorded in October. November’s expansion largely reflected rising purchases of fuels and products of extractive industries.

Meanwhile, the trade deficit widened to USD 1.7 billion in November from the 926 million shortfall in the same month of 2018.

Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 2.2% in 2020, which is up 1.2 percentage points from last month’s forecast. In 2021, panelists see export growth at 6.0%.


Author:, Economist

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Colombia Trade Chart


Colombia Exports December 2019

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


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