Colombia: Exports decline for first time since 2009
August 10, 2012
Exports contracted 1.9% in annual terms to USD 4.6 billion in June, which contrasted the 3.1% expansion recorded in the previous month and marked, in fact, the first contraction since October 2009. The monthly drop reflected declining shipments of food and beverages as well as of fuel and mining products. Meanwhile, imports expanded 10.5% in May - the latest month for which data are available - to USD 5.4 billion (April: +6.0% year-on-year). As a result, the trade balance swung to a USD 138 million deficit, contrasting the USD 217 million surplus recorded in the same month last year.