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: Industrial output logs stellar growth in April
June 15, 2021
Industrial output grew at a record-breaking rate of 63.7% year-on-year in April (March: +20.8% yoy), largely on a supportive base effect.
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Colombia: Consumers turn more pessimistic in May
June 8, 2021
The Fedesarrollo consumer confidence index came in at minus 34.3 in May, deteriorating marginally from April’s minus 34.2.
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Colombia: Inflation rises in May
June 4, 2021
Consumer prices increased 1.00% in May over the previous month, picking up from April’s 0.59% rise.
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Colombia: Manufacturing PMI returns to contractionary terrain in May
June 1, 2021
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 46.7 in May, down from April's 54.0.
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Colombia: Exports soar to over 12-year high in April
May 28, 2021
Merchandise exports soared in April, expanding 56.3% on an annual basis, coming well above March’s 36.4% jump, logging the best result in over 12 years.
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