Imports in Colombia
Colombia - Imports
Export growth soars in October following September’s six-month low
According to the National Department of Administrative Statistics (DANE), exports accelerated markedly in October. Export growth soared to 15.8% in the month, up from 3.8% in September. The notable upturn benefited from a double-digit rise in overseas sales of fuels and products of extractive industries. Manufacturing exports also rose but the increase was relatively modest. On the other hand, exports of farming, food and beverages contracted in October.
In September—the latest month for which data is available—imports lost some pace. Import growth moderated to 8.7% year-on-year, down from 9.4% in August. A notably weaker pace of expansion in imports of farming, food and beverages, along with a slight loss of pace in imports of manufacturing goods were behind the September’s moderation. While imports of fuels and products of extractive industries continued to decline, they did so at a slightly slower rate.
In annual terms, the trade deficit widened to USD 369.2 million in September from USD 186.2 million in the same month of last year. However, September’s deficit was smaller than the USD 694.7 million recorded in August.
Colombia Exports Growth Forecast
Panelists participating in the LatinFocus Consensus Forecast project that exports will grow 6.0% in 2019 and 3.3% 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||6.86||0.0 %||Dec 14|
|Exchange Rate||3,195||-0.17 %||Dec 14|
|Stock Market||11,555||-0.66 %||Dec 14|
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December 5, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.12% over the previous month in November, matching October’s reading.
Colombia: PMI falls for the fourth consecutive month in November amid wider global slowdown in manufacturing activity
December 3, 2018
Colombia’s manufacturing sector lost pace for the fourth consecutive month in November, reflecting a wider slowdown in manufacturing activity worldwide amid intensifying trade war tensions.
December 3, 2018
According to the National Department of Administrative Statistics (DANE), exports accelerated markedly in October.
November 22, 2018
According to the latest GDP data released by the National Statistical Institute (DANE) on 22 November, the economy grew at broadly the same pace in the third quarter as it did in the second, dipping just marginally.
November 16, 2018
The Fedesarrollo consumer confidence index sunk deeper into negative territory in October, dropping to minus 1.3 points from minus 0.7 points in September.