Exports in Colombia
Colombia - Exports (percent change)
Export growth picks up markedly in June
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports climbed to 15.9% in June, markedly up from 5.0% in May. Exports of fuels and products of extractive industries grew at a double-digit pace and the manufacturing sector also expanded at a solid, albeit more moderate pace. On the other hand, exports of farming, food and beverages contracted again from the previous month.
In May—the latest month for which data is available—imports surged 20.9% year-on-year, marking a much bigger jump compared to the 5.1% upturn seen in April. While imports of farming and manufacturing output expanded at a double-digit pace, imports of fuels contracted.
In annual terms, the trade deficit widened to USD 637.8 in May from USD 66.0 in the same month of the previous year. May’s deficit was also larger than the USD 257.0 million deficit recorded in April.
Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 13.1% in 2018 and 5.5% in 2019.
Colombia - Exports (%) Data
|Exports (annual variation in %)||-2.2||-6.7||-34.3||-11.8||18.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.87||0.0 %||Aug 06|
|Exchange Rate||2,896||-0.17 %||Aug 07|
|Stock Market||12,095||-0.66 %||Aug 06|
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August 4, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices fell 0.13% over the previous month in July, contrasting a 0.15% month-on-month rise in June.
August 2, 2018
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports climbed to 15.9% in June, markedly up from 5.0% in May.
August 1, 2018
Colombia’s manufacturing sector gained speed at the outset of the third quarter, reflected by the seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI), which rose to 53.5 in July, up from 53.0 in June.
July 27, 2018
At its 27 July Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously opted to hold the benchmark interest rate at 4.25%, matching the decision of the last meeting that took place at the end of June.
July 17, 2018
The Fedesarrollo consumer confidence index jumped to 15.5 points in June from 8.9 points in May, moving further above the zero-point threshold separating optimism from pessimism among consumers.