Trade Balance in Colombia
Colombia - Trade Balance
Exports hits four-year low in March
Exports plummeted 28.5% in March over the same month a year earlier, following the 5.2% decline logged in February and marking the sharpest decrease in four years. March’s fall was driven by a significant contraction of exports of fuels and products of extractive industries.
In February—the latest month for which data is available—imports rose 0.2% over the same month of 2019, which was down from the 0.6% increase recorded in January.
Meanwhile, the trade deficit widened to USD 0.8 billion in February from the USD 0.6 billion shortfall in the same month of 2019.
Panelists participating in the LatinFocus Consensus Forecast project that exports will fall 21.6% in 2020, which is down 27 percentage points from last month’s forecast. In 2021, panelists see export growth at 13.5%.
Colombia - Trade Balance Data
|Trade Balance (USD billion)||-13.5||-9.2||-4.5||-5.1||-8.5|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Trade Balance Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.08||0.0 %||Dec 30|
|Exchange Rate||3,287||-0.17 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
January 10, 2023
Merchandise exports rose 4.6% on an annual basis in December (November: +8.7% year-on-year).
January 5, 2023
Inflation increased to 13.1% in December, following November’s 12.5%.
January 2, 2023
The S&P Global Manufacturing Purchasing Managers' Index (PMI) rose to 51.1 in December from November's 47.3.
December 15, 2022
Manufacturing output increased 5.3% in year-on-year terms in October, which was a deterioration from September's 6.8% increase.
December 11, 2022
According to a survey elaborated by Fedesarrollo, consumer confidence came in at minus 22.3 in December, up from November's minus 24.8.