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
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Trade Balance (USD billion) | -13.5 | -9.2 | -4.5 | -5.1 | -8.5 |
Colombia Trade Balance Chart

Source: Statistical Institute (DANE).
Colombia Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 6.08 | 0.0 % | Dec 30 |
Exchange Rate | 3,287 | -0.17 % | Jan 01 |
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Economic News
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Colombia: Merchandise exports rise at weaker pace in December
January 10, 2023
Merchandise exports rose 4.6% on an annual basis in December (November: +8.7% year-on-year).
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Colombia: Inflation exceeds expectations and comes in at highest level since March 1999 in December
January 5, 2023
Inflation increased to 13.1% in December, following November’s 12.5%.
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Colombia: Manufacturing PMI rises above 50.0 threshold for first time in three months in December
January 2, 2023
The S&P Global Manufacturing Purchasing Managers' Index (PMI) rose to 51.1 in December from November's 47.3.
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Colombia: Manufacturing activity growth slows in October
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.
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Colombia: Consumer confidence improves in December
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.