Exports in Colombia
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
|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||6.65||0.0 %||Jul 13|
|Exchange Rate||2,859||-0.17 %||Jul 13|
|Stock Market||12,262||-0.66 %||Jul 13|
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July 5, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.15% over the previous month in June, a smaller rise than the 0.25% month-on-month increase in May.
July 3, 2018
The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) climbed to 53.0 in June, up from 51.1 in May, which marks the highest result since January 2016.
June 29, 2018
At its 29 June Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously voted to maintain the benchmark interest rate at 4.25%, following a rate cut by 25 basis points at its last meeting held in April.
June 19, 2018
The Fedesarollo consumer confidence index shot up to 8.9 points in May from 1.5 points in April, moving further above the zero-point threshold separating optimism from pessimism among consumers.
June 15, 2018
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 15 June, industrial output expanded 11.5% over the same month of the previous year in April, contrasting a revised 1.2% year-on-year contraction in March (previously reported: -1.4% year-on-year). Looking at a breakdown of the data, 34 out of the 39 industrial activities recorded an upturn, while the remaining five categories registered a decline.