Exports in Colombia
Colombia - Exports
Export growth tumbles to six-month low in September
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports declined markedly to a six-month low of 3.8% in September from 13.1% in August. The sharp drop was driven by a double-digit contraction in exports of farming, food and beverages, which more than offset a rise in overseas sales of fuels and products of extractive industries, and manufacturing output.
In August—the latest month for which data is available—imports grew 9.3% year-on-year, a smaller jump than the 15.9% upturn recorded in July. The moderation in August was underpinned by a contraction in the imports of fuels and products of extractive industries, which outweighed the increase in farming, food and beverages, and manufactures.
In annual terms, the trade deficit narrowed to USD 764.8 million in August from USD 809.5 million in the same month of the previous year. However, August’s deficit was larger than the USD 529.0 million recorded in July.
Colombia Export Growth Forecast
Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 6.0% in both 2019 and 2020.
Colombia - Exports Data
|Exports (USD billion)||58.8||54.9||36.0||31.8||37.8|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||7.09||0.0 %||Nov 15|
|Exchange Rate||3,190||-0.17 %||Nov 15|
|Stock Market||12,327||-0.66 %||Nov 15|
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November 14, 2018
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 November, the industrial sector grew at a weaker pace of 2.9% over the same month of the previous year in September, after expanding a revised 4.2% year-on-year in August (previously reported: +3.9% year-on-year). Looking at a breakdown of the data showed that September’s weaker pace of expansion was due to a marked drop in the output of coking, oil refining and fuel blending, along with more modest downturns in the manufacture of basic chemical substances and their products, and manufacture of metal products. Annual average growth in industrial production climbed to 2.0% in September, up from 1.5% in August. Colombia Industrial Production Forecast
November 3, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.12% over the previous month in October, after a 0.16% month-on-month increase in September.
November 1, 2018
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports declined markedly to a six-month low of 3.8% in September from 13.1% in August.
November 1, 2018
Colombia’s manufacturing sector continued to weaken in October, with the seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) falling to 52.0 from 52.8 in September.
October 26, 2018
At its 26 October Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) took the unanimous decision to keep the benchmark interest rate on hold at 4.25%, where it has been since 27 April when the Bank cut the rate by 25 basis points.