Exports in Colombia
Colombia - Exports (percent change)
Exports contract in March following a sharp rebound in February
Exports contracted 0.8% over the same month of the previous year in March, contrasting a 6.2% year-on-year rebound in February. March’s reading was underpinned by a notably sharp decline in the exports of manufacturing goods and a mild drop in the overseas sales of farming, food and beverages products; both grew robustly in the previous month. Moreover, exports of fuels and products of extractive industries lost considerable steam from the previous month, growing weakly.
In February—the latest month for which data is available—imports grew 7.9% over the same month of the previous year. This was down from a 11.2% year-on-year expansion in January. February’s print reflects a notable slowdown in the purchase of fuels and products of extractive industries from abroad, along with a moderation in the growth of manufacturing imports. These more than offset an acceleration in the imports of agricultural output.
Meanwhile, the trade deficit shrank markedly to USD 581 million in annual terms in February, from a USD 1.02 billion shortfall in January. However, it was still larger than the USD 489 million logged in the same month of last year.
Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 7.1% in 2019. In 2020, panelists project export growth decelerating to 5.2%.
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||6.49||0.0 %||May 13|
|Exchange Rate||3,305||-0.17 %||May 13|
|Stock Market||12,363||-0.66 %||May 13|
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May 15, 2019
Colombia’s industrial sector gained traction in March, growing 3.2% over the same month of last year, according to data released by the country’s National Administrative Department of Statistics (DANE) on 15 April.
May 11, 2019
The Colombian peso dived sharply at the beginning of May, as recent adjustments to the fiscal rule raised concerns over the pace of fiscal reform.
May 7, 2019
Exports contracted 0.8% over the same month of the previous year in March, contrasting a 6.2% year-on-year rebound in February.
May 6, 2019
Consumer prices rose 0.50% over the previous month in April, following a 0.43% month-on-month increase in March.
May 2, 2019
Business conditions in Colombia’s manufacturing sector showed improvement in April, reflected by the seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) swinging back into expansionary territory.