Exports from Colombia rose 2.2 percent year-on-year in April 2019, following a 0.8 percent fall in the previous month. Sales rebounded for fuels & mining products (5.1 percent compared to 0.2 percent in March), namely petroleum and petroleum products & related (22 percent); and manufactured goods (0.6 percent compared to -9.1 percent), of which vehicles (38.3 percent), metals (56 percent) and essential oils & perfumery products (14.3 percent). On the other hand, sales of agricultural goods, food and beverages dropped further (-6.7 percent compared to -1.4 percent), mostly coffee, tea, cocoa, spices & preparations (-9.7 percent) and animal & vegetable products (-11 percent). In April, Colombia sold 20.7 million barrels of oil, a 13 percent increase compared to April 2018. Main export partners were: the US (31.4 percent of total exports), China (8.2 percent), Ecuador (5.2 percent), Panama (4.2 percent), and Mexico (3.6 percent). Exports in Colombia averaged 1.07 USD Billion from 1958 until 2018, reaching an all time high of 5.71 USD Billion in March of 2012 and a record low of 0.02 USD Billion in December of 1963.
Exports in Colombia is expected to be 3.57 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Colombia to stand at 3.90 in 12 months time. In the long-term, the Colombia Exports is projected to trend around 4.70 USD Billion in 2020, according to our econometric models.