Colombia Trade

Colombia

Colombia: Exports pick up in July

September 2, 2014

Exports rose 8.5% over the same month last year in July, which contrasted the 4.1% contraction recorded in June. The print marked the highest growth rate since August 2013. According to the National Statistical Office (DANE), the expansion was driven by an increases in almost all main export categories as exports of fuel and products from extractive industries, of agricultural food products and of manufacturing products all tallied expansions.

Imports grew a significant 14.9% in June (the most recent month for which data are available), coming in below the 4.7% rise recorded in May. The trade balance recorded a USD 282 million deficit in June, which contrasted the USD 560 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 July 2014

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


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