Exports from Colombia dropped 21.3 percent over a year earlier to USD 2.57 billion in August 2020, following a 21.7 percent slump in the previous month, amid the coronavirus crisis. Sales declined for fuels & mining products (-35.8 percent), mainly oil & oil products (-38.8 percent); manufacturing goods (-17.2 percent), in particular manufactured articles, classified mainly according to material (-29.7 percent); and agricultural goods, food & beverages (-7.1 percent), of which flowers (-27.4 percent). In contrast, sales of other sectors jumped 48.7 percent. In August, Colombia sold 16.5 million barrels of crude oil, a 16.8 percent fall compared to August 2019. Main export partners were: the US (29.2 percent of total sales), China (10.2 percent), Panama (6.6 percent), Ecuador (3.9 percent) and Brazil (3.7 percent).
Exports in Colombia averaged 1.12 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 October of 2020. source: Dane, Colombia
Exports in Colombia is expected to be 3.80 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 3.80 in 12 months time. In the long-term, the Colombia Exports is projected to trend around 4.70 USD Billion in 2021 and 3.80 USD Billion in 2022, according to our econometric models.