Exports in Colombia
Colombia - Exports
Contraction in exports eases at the outset of the year
According to the National Department of Administrative Statistics (DANE), exports contracted again in January, although the rate of decline eased from the previous month. Exports fell 7.8% over the same month of the previous year, following a 14.6% year-on-year contraction in December. The latest print reflected a double-digit fall in the overseas sales of fuels and products of extractive industries, along with a drop in exports of farming, food and beverages. Contractions in these sub-components more than offset a marked upturn in the sale of manufacturing output to foreign markets.
In December—the latest month for which data is available—imports accelerated. Import growth climbed to 15.1% year-on-year from 12.3% in November. December’s reading reflected double-digit expansions in all sub-components: Imports of fuels rose by the biggest magnitude, followed by imports of manufacturing goods. Meanwhile, imports of agricultural products saw the smallest upturn.
In annual terms, the trade balance swung to a USD 587 million deficit in December from a 517 surplus in the same month of last year. However, December’s deficit was smaller than the USD 926 million deficit recorded in November.
Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 8.0% in 2019. In 2020, panelists project export growth decelerating to 5.8%.
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||6.43||0.0 %||Mar 20|
|Exchange Rate||3,088||-0.17 %||Mar 20|
|Stock Market||13,328||-0.66 %||Mar 20|
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March 22, 2019
At its Board of Directors meeting held on 22 March, Colombia’s Central Bank (Banco de la República, BanRep) kept the benchmark interest rate at 4.25%, where it has been since 27 April 2018, when the Bank cut the rate by 25 basis points.
March 21, 2019
The Fedesarrollo consumer confidence index deteriorated in February, falling to minus 5.6 points from minus 2.8 points in January.
March 14, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 March, the industrial sector accelerated markedly at the year’s outset.
March 6, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.57% over the previous month in February, after a 0.60% month-on-month increase in January.
March 4, 2019
According to the National Department of Administrative Statistics (DANE), exports contracted again in January, although the rate of decline eased from the previous month.