Exports in Colombia
Colombia - Exports (percent change)
Export growth moderates in November
According to the National Department of Administrative Statistics (DANE), export growth moderated in November. Exports grew 7.9% over the same month of the previous year in November, after expanding 15.8% year-on-year in October. Overseas sales of fuels and products of extractive industries saw a double-digit rise in November, while exports of manufacturing output, and farming, food and beverages declined in the month.
In October—the latest month for which data is available—imports soared. Import growth shot up to 31.6 year-on-year, up from 8.7% in September. October’s print reflected a robust rise across the main sub-components: Imports of manufacturing goods, and fuels and products of extractive industries rose by more than 30% in the month, while imports of farming, food and beverages increased at a strong but more moderate pace.
In annual terms, the trade deficit widened considerably to USD 1.16 billion in October from USD 489 million in the same month of last year. Moreover, October’s deficit was also notably larger than the USD 361 million recorded in September.
Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 6.3% in 2019 and 3.7% in 2020.
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||6.80||0.0 %||Jan 21|
|Exchange Rate||3,127||-0.17 %||Jan 21|
|Stock Market||11,674||-0.66 %||Jan 21|
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January 18, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 18 January, the industrial sector lost some pace, with the year-on-year pace of expansion moderating to 4.7% in November, down from 5.4% in October.
January 16, 2019
The Fedesarrollo consumer confidence index improved in December, rising to minus 8.3 points from minus 19.6 points in November.
January 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.30% over the previous month in December, after a 0.12% month-on-month increase in November.
January 3, 2019
According to the National Department of Administrative Statistics (DANE), export growth moderated in November.
January 2, 2019
Colombia’s manufacturing sector expanded at broadly the same pace in December as it did in November.