Imports in Colombia
Colombia - Imports
Export growth moderates in August
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports moderated to 13.1% in August from 16.2% in July. A double-digit expansion in exports of fuels and products of extractive industries underpinned the rise. On the other hand, exports of farming, food and beverages, and overseas sales of manufacturing output contracted.
In July—the latest month for which data is available—imports soared 15.9% year-on-year, making a bigger jump than the 11.9% increase observed in June. Imports of farming products and manufacturing output expanded at a double-digit rate, while exports of fuels recorded a more modest upturn.
In annual terms, the trade deficit widened to USD 557.7 million in July from USD 482.1 million in the same month of the previous year. However, July’s deficit was smaller than the USD 714.7 million recorded in June.
Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 14.2% in 2018 and 5.5% in 2019.
Colombia - Imports Data
|Imports (USD billion)||56.6||61.1||51.6||42.8||44.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||7.07||0.0 %||Oct 16|
|Exchange Rate||3,052||-0.17 %||Oct 16|
|Stock Market||12,446||-0.66 %||Oct 16|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 5, 2018
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports moderated to 13.1% in August from 16.2% in July.
October 3, 2018
Colombia’s manufacturing sector lost ground again in September, with the seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) falling to 52.8 from 53.3 in August.
September 28, 2018
At its 28 September Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously decided to keep the benchmark interest rate at 4.25%, where it has been since April this year.
September 17, 2018
The Fedesarrollo consumer confidence index dropped to 4.7 points in August from 9.8 points in July, moving closer to the critical zero-point threshold separating optimism from pessimism among consumers.
September 14, 2018
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 September, the industrial sector accelerated in July, with output growing 3.5% over the same month of the previous year.