Colombia's trade balance shifted to a USD 0.8 billion deficit in December 2018 from a USD 0.4 billion surplus in the same month of the previous year. Exports fell 14.6 percent year-on-year to USD 3.40 billion in December, as sales dropped for fuels & mining products (-23.5 percent from 19.5 percent in November), namely coal, coke & briquettes (-39.8 percent), and petroleum & petroleum products (-10.1 percent). Meantime, imports a rose 12.3 percent to USD 4.48 billion, mainly driven by higher purchases of manufactured products (15.3 percent), namely machinery and transport equipment (21.8 percent); agricultural products, food and beverages (12.3 percent), mostly food products and live animals (11.8 percent); and fuels and related products (19 percent) dropped 0.6 percent, of which petroleum products and related (24.3 percent). Balance of Trade in Colombia averaged -0.18 USD Billion from 1980 until 2018, 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 -0.50 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
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-14 03:00 PM Balance of Trade $-0.5B $-0.9B $ -0.4B
2018-12-18 03:00 PM Balance of Trade $-1.4B $-0.5B $ -0.7B
2019-01-22 03:00 PM Balance of Trade $-1.1B $-1.4B $-1.2B
2019-02-14 03:00 PM Balance of Trade $-0.8B $-1.1B $-0.5B
2019-03-20 03:00 PM Balance of Trade $-0.8B
2019-04-19 03:00 PM Balance of Trade
2019-05-13 03:00 PM Balance of Trade $ -0B


Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -0.78 -1.10 0.81 -1.97 USD Billion [+]
Current Account -3109.00 -3215.00 364.00 -6456.00 USD Million [+]
Current Account to GDP -3.30 -4.30 4.10 -6.40 percent [+]
Imports 4.18 4.48 6.08 0.28 USD Billion [+]
Exports 3.40 3.35 5.71 0.02 USD Billion [+]
External Debt 129205.89 127758.82 129205.89 36431.04 USD Million [+]
Foreign Direct Investment 2528.06 3661.60 6776.22 197.17 USD Million [+]
Capital Flows -3365.84 -3032.46 359.83 -6195.12 USD Million [+]
Remittances 616.60 583.50 944.50 162.44 USD Million [+]
Gold Reserves 12.80 12.80 12.80 3.49 Tonnes [+]
Crude Oil Production 852.00 860.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 131.86 130.17 165.96 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.78 -1.10 0.81 -1.97 1980 - 2018 USD Billion Monthly




Country Last Previous
Argentina 372.00 Jan/19
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -1415.36 Jan/19
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -3247399.00 Dec/18
Switzerland 1388.18 Jan/19
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


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