Exports in Colombia

Colombia Exports | Economic News & Forecasts

Colombia - Exports

Export growth soars in April

According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports rocketed to 38.5% in April, up from a meagre 1.4% in March. All three main product groups recorded robust growth, rising at a double-digit rate. Exports of farming, food and beverages rebounded, while exports of fuels and products of extractive industries, and exports of manufacturing output accelerated markedly.

In March—the most recent month for which data is available—imports contracted 5.3% year-on-year, which contrasted a 0.1% upturn in February. All three main import groups, covering farming, fuels and manufactured goods, registered a decline.

In annual terms, the trade deficit shrunk to USD 384.0 million in March from USD 638.8 million from the same month of the previous year. March’s deficit was smaller than the USD 494.2 million deficit recorded in February.

Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 11.8% in 2018 and 5.2% 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 Yield6.650.0 %Jul 13
Exchange Rate2,859-0.17 %Jul 13
Stock Market12,262-0.66 %Jul 13

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