Exports from Colombia slumped 52.3 percent year-on-year to an over 13-year low of USD 1.84 billion in April 2020, after dropping 28.5 percent in the previous month, amid the coronavirus crisis. Sales of fuels & mining products plunged 70.1 percent, in particular oil & oil products (-78.6 percent). In addition, sales of manufacturing goods declined 42.6 percent, namely manufactured items, classified primarily by material (-47.7 percent); and those of agricultural goods, food & beverages fell 1.5 percent, of which bananas (-40.1 percent) and coffee (-17 percent). In April, Colombia sold 16.6 million barrels of crude oil, a 19.7 percent decline compared to April 2019. Main important export partners were: the US (25 percent of total sales), Brazil (6.4 percent), Mexico (6.1 percent), China (4.7 percent) and Panama (4.2 percent).
Exports in Colombia averaged 1.11 USD Billion from 1958 until 2020, 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. This page provides - Colombia Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Exports - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Dane, Colombia
Exports in Colombia is expected to be 3.70 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 3.40 in 12 months time. In the long-term, the Colombia Exports is projected to trend around 4.70 USD Billion in 2021, according to our econometric models.