Exports in Colombia

Colombia Exports | Economic News & Forecasts

Colombia - Exports

Export growth moderates in November

According to the National Department of Administrative Statistics (DANE), export growth moderated in November. Exports grew 7.9% over the same month of the previous year in November, after expanding 15.8% year-on-year in October. Overseas sales of fuels and products of extractive industries saw a double-digit rise in November, while exports of manufacturing output, and farming, food and beverages declined in the month.

In October—the latest month for which data is available—imports soared. Import growth shot up to 31.6 year-on-year, up from 8.7% in September. October’s print reflected a robust rise across the main sub-components: Imports of manufacturing goods, and fuels and products of extractive industries rose by more than 30% in the month, while imports of farming, food and beverages increased at a strong but more moderate pace.

In annual terms, the trade deficit widened considerably to USD 1.16 billion in October from USD 489 million in the same month of last year. Moreover, October’s deficit was also notably larger than the USD 361 million recorded in September.

Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 6.3% in 2019 and 3.7% in 2020.

Colombia - Exports Data

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

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Colombia Facts

ValueChangeDate
Bond Yield6.830.0 %Jan 22
Exchange Rate3,146-0.17 %Jan 22
Stock Market11,702-0.66 %Jan 22

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form