Exports from Colombia rose 6.2 percent year-on-year to USD 3.18 billion in February 2019, following a 7.8 percent fall in the previous month. Sales rebounded for fuels & mining products (7.1 percent from -17.5 percent in January), namely coal, coke & briquettes (13.6 percent) and agricultural goods, food and beverages (6.6 percent from -6.0 percent), mainly driven by flowers and cut foliage (20.9 percent). Meantime, sales of manufactured products advanced less (3.0 percent from 11.8 percent), of which chemical products (3.4 percent). In February, Colombia sold 16.4 million barrels of oil, a 12.2 percent increase compared to February 2018. The most important export partners were: the US (27.4 percent of total exports), China (9.0 percent), Mexico (6.4 percent), Panama (5.3 percent) and Ecuador (4.9 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 3.60 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 4.50 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.