Trade Balance in Colombia

Colombia Trade Balance | Economic News & Forecasts

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  

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Colombia Trade Balance Chart

Colombia Trade
Note: Trade balance in (USD bn).
Source: Statistical Institute (DANE).

Colombia Facts

Value Change Date
Bond Yield6.080.0 %Dec 30
Exchange Rate3,287-0.17 %Jan 01

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