Exports in Colombia

Colombia Exports | Economic News & Forecasts

Colombia - Exports

Export growth rises in July

According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports rose to 16.2% in July, up from 15.9% in June. Exports of fuels and products of extractive industries surged, while manufacturing exports expanded at a more tepid rate. Conversely, exports of farming, food and beverages contracted again.

In June—the latest month for which data is available—imports climbed 11.9% year-on-year, marking smaller jump compared to the 20.9% upturn seen in May. Imports of farming and fuel products both expanded at a double-digit pace, while the rise in manufacturing imports was less notable.

In annual terms, the trade deficit shrank to USD 719.2 in June from USD 735.9 in the same month of the previous year. However, June’s deficit was larger than the USD 638.4 million deficit recorded in May.

Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 13.7% in 2018 and 5.5% in 2019.

Colombia - Exports Data

2013  2014  2015  2016  2017  
Exports (USD billion)58.8  54.9  36.0  31.8  37.8  

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Colombia Facts

Bond Yield6.920.0 %Sep 20
Exchange Rate3,006-0.17 %Sep 20
Stock Market12,207-0.66 %Sep 20

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