Colombia's trade deficit widened to USD 1.24 billion in January 2019 from USD 0.57 billion in the corresponding month of the previous year. Exports dropped 7.8 percent year-on-year to USD 3.06 billion in January, as sales fell for agricultural goods, food and beverages dropped (-6.0 percent), namely flowers and cut foliage (-12.5 percent); and fuels & mining products (-17.5 percent), mainly coal, coke & briquettes (-31.9 percent). Meantime, imports rose 10.4 percent to USD 4.30 billion in January 2019, boosted by higher purchases of manufactured products (8.6 percent), mainly machinery and transport equipment (10.9 percent). Also, purchases increased for agricultural products, food and beverages (8.9 percent), namely food products and live animals (19.5 percent); fuels and related products (28.7 percent), of which petroleum products and related (27.3 percent); and other sectors (8.1 percent). Balance of Trade in Colombia averaged -0.18 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 -0.50 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
2018-12-18 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 $-1.2B $-0.8B $-1.2B
2019-04-22 03:00 PM Balance of Trade $-1.2B $-0.9B
2019-05-13 03:00 PM Balance of Trade $-0.5B
2019-06-20 03:00 PM Balance of Trade


Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -1.24 -0.78 0.81 -1.97 USD Billion [+]
Current Account -3680.00 -3067.00 364.00 -6452.00 USD Million [+]
Current Account to GDP -3.80 -3.30 4.10 -6.40 percent [+]
Imports 4.30 4.18 6.08 0.28 USD Billion [+]
Exports 3.18 3.06 5.71 0.02 USD Billion [+]
External Debt 134712.30 131744.42 134712.30 36431.04 USD Million [+]
Foreign Direct Investment 2656.29 2688.30 6776.22 197.17 USD Million [+]
Capital Flows -3561.23 -3581.94 359.83 -6193.53 USD Million [+]
Remittances 616.60 583.50 944.50 162.44 USD Million [+]
Gold Reserves 18.20 12.80 18.20 3.49 Tonnes [+]
Crude Oil Production 889.00 883.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 136.94 135.67 165.96 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.24 -0.78 0.81 -1.97 1980 - 2019 USD Billion Monthly




Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.47 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -4483276.00 Jan/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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