Latest reading: Merchandise exports rose 7.5% annually in July, on the heels of June’s 10.8% upturn and underpinned by higher...
Merchandise Trade Balance in Colombia
The merchandise trade balance in Colombia averaged USD -9.0 billion in the decade to 2024. The 2024 reading was USD -9.2 billion. For more information on trade, visit our dedicated page.
Colombia Trade Chart
Note: This chart displays Trade Balance (USD billion) for Colombia from 2014 to 2024.
Source: Macrobond.
Colombia Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -8.9 | -14.0 | -12.2 | -6.8 | -9.2 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Colombian trade projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Colombian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Colombian trade projections.
Want to get access to the full dataset of Colombian trade forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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Argentina: Merchandise exports increase at a milder rate in July -
Japan: U.S. tariffs push down exports for third month in July Latest reading: For the first time since the pandemic, in July, yen-denominated merchandise exports shrank annually for the third consecutive... -
Peru: Merchandise exports gain steam in June Latest reading: Merchandise exports jumped 11.0% over the same month last year in June, on the heels of May’s 2.5%... -
India: Merchandise exports rebound in July; U.S. talks in focus Latest reading: Merchandise exports rose 7.3% in annual terms in July, on the heels of June’s 0.1% decrease. Meanwhile, merchandise... -
China: Merchandise exports accelerate in July Latest reading: Merchandise exports rose 7.2% annually in July, beating market expectations and following June’s 5.9% rise. Firms accelerating shipments... -
Taiwan: Merchandise exports gain steam in July Latest reading: Merchandise exports soared 42.0% annually in July, following June’s 33.7% upturn and well above market expectations. The outturn... -
Germany: Merchandise exports rebound in June Latest reading: Merchandise exports climbed 0.8% in month-on-month seasonally adjusted terms in June (May: -1.4% mom s.a.). Meanwhile, merchandise imports...