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: Consumer confidence hits highest reading since January 2020 in October; remains in negative territory
November 8, 2021
The Fedesarrollo consumer confidence came in at minus 1.3 in October, improving from September's minus 3.0.
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Colombia: Inflation inches up in October
November 5, 2021
Consumer prices rose 0.02% in October over the previous month, cooling from September 0.38% increase and logging the lowest print in four months.
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Colombia: Manufacturing PMI eases in October; conditions still improve
November 2, 2021
The seasonally-adjusted Manufacturing Purchasing Managers' Index (PMI)—produced by IHS Markit and Davividenda—fell to 54.0 in October from 55.5 in September, which had marked the second-highest reading on record.
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Colombia: Merchandise export accelerated notably in September
November 2, 2021
Merchandise exports expanded 40.4% year-on-year in September, accelerating markedly from August’s 28.4% growth.
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Colombia: BanRep delivers second rate hike in October
October 29, 2021
At its 29 October meeting, the Board of Directors of Colombia’s Central Bank (BanRep) decided to raise the benchmark interest rate by 50 basis points to 2.50% from 2.00%.
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