Colombia Trade March 2016


Colombia: Exports observe a deeper contraction in March

May 3, 2016

In March, exports shrank 33.4% over the same month last year, which was a more severe contraction than February’s 26.7% drop. According to the National Statistical Office (DANE), the result came on the back of sharper decreases in exports of petroleum and petroleum-related products.

Imports declined 24.6% in February (the most recent month for which data are available), which was less severe than January’s 28.1% contraction. The trade balance recorded a USD 1.0 billion deficit in February, which was smaller than the USD 1.2 billion deficit recorded in the same month of the previous year.

Panelists participating in the LatinFocus Consensus Forecast expect that exports will rise 15.5% in 2016 and expand 8.6% in 2017.

Author:, Economist

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Colombia Trade Chart

Colombia Exports March 2016

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

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