Imports in Colombia
Colombia - Imports
Exports swing to contraction in December
According to the National Department of Administrative Statistics (DANE), exports swung to contraction in December from expansion in the previous month. Exports declined 14.6% over the same month of the previous year in December, following a 7.9% year-on-year rise in November. A double-digit contraction in overseas sales of fuels and products of extractive industries spearheaded the drop, while exports of farming, food and beverages, and manufacturing output recorded lackluster upturns.
In November—the latest month for which data is available—imports slowed. Import growth declined to 12.3% year-on-year in November, down from 31.6% in October. November’s print reflected a swing to contraction of imports of fuels and products of extractive industries, and notably weaker growth in the imports of farming, food and beverages, and manufacturing goods.
In annual terms, the trade deficit widened to USD 920 million in November from USD 700 million in the same month of last year. Moreover, November’s deficit was markedly bigger than the USD 1.2 billion deficit recorded in October.
Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 5.0% in 2019 and 4.6% in 2020.
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||6.67||0.0 %||Feb 14|
|Exchange Rate||3,151||-0.17 %||Feb 14|
|Stock Market||12,002||-0.66 %||Feb 14|
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February 14, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 February, the industrial sector contracted for the first time in nine months in December.
February 5, 2019
According to the National Department of Administrative Statistics (DANE), exports swung to contraction in December from expansion in the previous month.
February 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.60% over the previous month in January, following a 0.30% month-on-month upturn in December.
February 1, 2019
Colombia’s manufacturing sector slammed the brakes in January, on the heels of a five-month slump.
January 31, 2019
At its Board of Directors meeting held on 31 January, Colombia’s Central Bank (Banco de la República, BanRep) maintained the benchmark interest rate at 4.25%, where it has been since 27 April when the Bank cut the rate by 25 basis points.