Colombia’s trade deficit widened to USD 0.96 billion in March 2019 from USD 0.54 billion in the same month of the previous year. Exports fell 0.8 percent year-on-year to USD 3.34 billion, mainly due to lower sales of agricultural goods, food & beverages (-1.4 percent), namely unroasted coffee & coffee husk (-5.1 percent); and manufactured products (-9.1 percent), mostly machinery & transport equipment (-27.3 percent). Imports increased 10.1 percent to USD 4.30 billion, driven by higher purchases of manufactured products (11.3 percent), namely machinery & transport equipment (20.2 percent), and chemicals (4.5 percent); and fuels & related products (2.8 percent), of which petroleum products & related (33.4 percent). Considering the first quarter of 2019, the country posted a USD 2.97 billion gap compared to a USD 1.76 shortfall in the same period of 2018. Balance of Trade in Colombia averaged -0.19 USD Billion from 1980 until 2019, reaching an all time high of 0.81 USD Billion in December of 2011 and a record low of -1.97 USD Billion in January of 2015.

Balance of Trade in Colombia is expected to be -0.22 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Colombia to stand at -0.60 in 12 months time. In the long-term, the Colombia Balance of Trade is projected to trend around 0.20 USD Billion in 2020, according to our econometric models.

Colombia Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 03:00 PM Balance of Trade $-0.8B $-1.1B $-0.5B
2019-03-20 03:00 PM Balance of Trade $-1.2B $-0.8B $-1.2B
2019-04-22 03:00 PM Balance of Trade $-0.8B $-1.2B $-0.9B
2019-05-13 03:00 PM Balance of Trade $-1.0B $-0.8B $-0.5B
2019-06-20 03:00 PM Balance of Trade $-1.0B $-0.6B
2019-07-19 03:00 PM Balance of Trade
2019-08-14 03:00 PM Balance of Trade $ -0.2B


Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -0.96 -0.77 0.81 -1.97 USD Billion [+]
Current Account -3614.00 -3761.00 364.00 -6452.00 USD Million [+]
Current Account to GDP -3.80 -3.30 4.10 -6.40 percent [+]
Imports 4.30 3.95 6.08 0.28 USD Billion [+]
Exports 3.87 3.34 5.71 0.02 USD Billion [+]
External Debt 132794.20 135047.61 135047.61 36431.04 USD Million [+]
Foreign Direct Investment 3335.48 2841.22 6776.22 197.17 USD Million [+]
Capital Flows -3158.75 -3718.29 359.83 -6193.53 USD Million [+]
Remittances 581.20 534.40 944.50 162.44 USD Million [+]
Gold Reserves 18.90 18.20 18.90 3.49 Tonnes [+]
Crude Oil Production 893.00 899.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 142.14 139.67 165.96 73.87 Index Points [+]
Terrorism Index 5.61 5.60 7.16 5.58 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Colombia Balance of Trade

Colombia is a major exporter of oil and coal (59 percent of total exports). Other exports include: chemicals and related products (5.1 percent) and gold (5 percent). Main imports are: machinery and transport equipment (39 percent of total imports); manufactured products (22 percent); chemicals (17 percent) and fuel and mineral lubricants (10 percent) Main trading partners are: United States (36 percent of total exports and 39 percent of imports) and China (6 percent of exports and 16 percent of imports). Others include: Mexico, Spain and Venezuela. This page provides - Colombia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.96 -0.77 0.81 -1.97 1980 - 2019 USD Billion Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 22532.90 Mar/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


Related

Latest