Colombia Trade Balance


Colombia: Exports drop sharply in September

November 8, 2013

Exports contracted 1.2% over the same month last year in September, contrasting the 8.9% rise recorded in August, but undershooting the 5.4% decline that markets had expected. According to National Statistical Office (DANE), the deterioration was due to a decline in the other sectors category, which includes gold exports.

Imports fell 5.0% in August (the most recent month for which data are available) following the 1.6% contraction recorded in July. The trade balance improved from a USD 460 million deficit in July to a USD 3 million surplus in August.

LatinFocus Consensus Forecast panelists estimate that exports will expand 3.2% this year, while the trade surplus will reach USD 2.0 billion. Next year, the panel expects exports to grow 10.7%, while the trade surplus will reach USD 2.6 billion.


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Colombia Trade Balance Chart

Colombia Exports September 2013

Colombia Economic News

  • Colombia: Inflation remains steady in June

    July 5, 2018

    According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.15% over the previous month in June, a smaller rise than the 0.25% month-on-month increase in May.

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  • Colombia: PMI shoots up to two-and-a-half year high in June

    July 3, 2018

    The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) climbed to 53.0 in June, up from 51.1 in May, which marks the highest result since January 2016.

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  • Colombia: Central Bank keeps interest rate on hold in June

    June 29, 2018

    At its 29 June Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously voted to maintain the benchmark interest rate at 4.25%, following a rate cut by 25 basis points at its last meeting held in April.

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  • Colombia:

    June 19, 2018

    The Fedesarollo consumer confidence index shot up to 8.9 points in May from 1.5 points in April, moving further above the zero-point threshold separating optimism from pessimism among consumers.

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  • Colombia: Industrial production records stellar expansion in April

    June 15, 2018

    According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 15 June, industrial output expanded 10.5% over the same month of the previous year in April, contrasting a revised 1.2% year-on-year contraction in March (previously reported: -1.4% year-on-year). Looking at a breakdown of the data, 34 out of the 39 industrial activities recorded an upturn, while the remaining five categories registered a decline.

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