Colombia Trade December 2016


Colombia: Exports grow at fastest pace in over five years in December

February 3, 2017

In December, exports grew a massive 32.7% from the same month of the previous year, which followed the 12.6% expansion in November and represented the largest monthly gain since December 2011. Until November 2016, Colombia’s exports had declined every month since October 2014—except for in August 2016—as the result of the collapse in global oil prices.

According to the National Statistical Office (DANE), December’s result mainly reflected an increase in the value of exported agricultural products as well as a rise in hydrocarbon exports, which make up around half of the total value of exports.

Imports fell 1.6% annually in November (the most recent month for which data are available), a less severe decline than October’s 20.0% contraction. The trade deficit totaled USD 1.3 billion in November, which was smaller than the USD 1.7 billion gap registered in the same month of the previous year.

Panelists participating in the LatinFocus Consensus Forecast expect that exports will expand 8.4% in 2017 and accelerate to a 9.0% expansion in 2018.

Author:, Economist

Sample Report

Looking for forecasts related to Trade in Colombia? Download a sample report now.


Colombia Trade Chart

Colombia Exports December 2016

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

Colombia Economic News

  • Colombia: Inflation remains steady in June

    July 5, 2018

    According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.15% over the previous month in June, a smaller rise than the 0.25% month-on-month increase in May.

    Read more

  • Colombia: PMI shoots up to two-and-a-half year high in June

    July 3, 2018

    The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) climbed to 53.0 in June, up from 51.1 in May, which marks the highest result since January 2016.

    Read more

  • Colombia: Central Bank keeps interest rate on hold in June

    June 29, 2018

    At its 29 June Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously voted to maintain the benchmark interest rate at 4.25%, following a rate cut by 25 basis points at its last meeting held in April.

    Read more

  • Colombia:

    June 19, 2018

    The Fedesarollo consumer confidence index shot up to 8.9 points in May from 1.5 points in April, moving further above the zero-point threshold separating optimism from pessimism among consumers.

    Read more

  • Colombia: Industrial production records stellar expansion in April

    June 15, 2018

    According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 15 June, industrial output expanded 10.5% over the same month of the previous year in April, contrasting a revised 1.2% year-on-year contraction in March (previously reported: -1.4% year-on-year). Looking at a breakdown of the data, 34 out of the 39 industrial activities recorded an upturn, while the remaining five categories registered a decline.

    Read more

More news

Search form