Exports from Colombia slumped 13.6 percent from a year earlier to USD 2.89 billion in November 2019, after a 11.9 percent decline in the prior month. It was the sixth straight monthly decrease in exports, due to lower sales of fuels & mining products (-25.3 percent), namely petroleum, petroleum products & related (-22.5 percent); and manufactured products (-4.5 percent), of which chemicals (-15.3 percent). On the other hand, those of agricultural goods, food & beverages rose 6.8 percent, boosted by sales of flower and cut foliage (20.9 percent). In November, Colombia sold 16.8 million barrels of crude oil, a 17.4 percent slump compared to November 2018. The most important export partners were: the US (28.6 percent of total sales), China (11.8 percent), Panama (8.2 percent), Ecuador (5.8 percent) and Brazil (3.7 percent). Year-to-date, shipments were down 6.2 percent over a year ago.

Exports in Colombia averaged 1.11 USD Billion from 1958 until 2019, 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. source: Dane, Colombia

Exports in Colombia is expected to be 3.20 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 5.00 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.


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Colombia Exports

Actual Previous Highest Lowest Dates Unit Frequency
2.89 3.32 5.71 0.02 1958 - 2019 USD Billion Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 03:00 PM Aug -11.6% -9.9% -7%
2019-11-01 03:00 PM Sep -12.3% -11.6% -3%
2019-12-03 03:00 PM Oct -11.9% -12.3% -8%
2020-01-03 03:00 PM Nov -13.6% -11.9% -10%


News Stream
2019-12-03
Colombia Exports Fall for 5th Month
Exports from Colombia dropped 11.9 percent year-on-year to USD 3.32 billion in October 2019, after a 12.3 percent fall in the previous month. It was the fifth straight monthly decline in exports, as sales went down for fuels & mining products (-24.6 percent), dragged down by petroleum, petroleum products & related (-19 percent). Meanwhile, sales increased for manufactured goods (8.5 percent), namely manufactured goods classified chiefly by material (27 percent); agricultural goods, food & beverages (6.1 percent), in particular bananas (61.8 percent); and other sectors (13.4 percent). In October, Colombia sold 18.4 million barrels of crude oil, a 6.5 percent rise compared to October 2018. The most important export partners were: the US (26 percent of total exports), China (13.4 percent), Panama (9.5 percent), Ecuador (6 percent), and Brazil (3.6 percent).

2019-11-01
Colombia Exports Fall for 4th Month
Exports from Colombia fell 12.3 percent year-on-year to USD 3.08 billion in September 2019, rebounding from an 11.6 percent slump in the previous month. It was the fourth straight monthly decline in exports, as sales dropped for fuels & mining products (-24 percent), dragged down by petroleum, petroleum products & related (-27.5 percent). On the other hand, shipments rose for manufactured goods (+3.2 percent), particularly machinery & transport equipment (+20.2 percent); and agricultural goods, food & beverages (+2 percent). In September, Colombia sold 16.5 million barrels of crude oil, a 10.1 percent fall compared to September 2018. Main export partners were: the US (26.6 percent of total exports), China (13 percent), Panama (8.5 percent), Ecuador (5.2 percent), and Brazil (4.8 percent).

2019-10-01
Colombia Exports Fall 11.6% YoY in August
Exports from Colombia dropped 11.6 percent year-on-year to USD 3.26 billion in August 2019, following a 9.9 percent fall in the previous month. Sales of fuels & mining products declined 21.3 percent, faster than a 19.1 percent decrease in July, mostly due to petroleum, petroleum products & related (-16.7 percent). Also, sales of manufactured goods went down 4.3 percent, after rising 5.6 percent in the prior month, in particular chemical products (-9.9 percent). In contrast, exports of agricultural goods, food & beverages advanced 2.3 percent (vs 3.2 percent), driven by flowers (27.7 percent) and sales of other sectors jumped 41.9 percent, following a 4.8 percent gain, boosted by non-monetary gold exports (69.8 percent). In August, Colombia sold 19.8 million barrels of crude oil, a 3.1 percent fall compared to August 2018. Main export partners were: the US (28.8 percent of total exports), China (12.2 percent), Panama (5.6 percent), Ecuador (5.3 percent), and Peru (3.5 percent).

2019-09-03
Colombia Exports Fall 9.9% YoY in July
Exports from Colombia declined 9.9 percent year-on-year to USD 3.27 billion in July 2019, after dropping 8.7 percent in the previous month. Sales of fuels & mining products went down 19.1 percent, following a 5.2 percent fall in June, mainly due to coal, coke & briquettes (-36.7 percent). On the other hand, sales of manufactured goods rose 5.6 percent, rebounding from a 13.1 percent decrease in the prior month, of which machinery & transport equipment (53.4 percent). Additionally, exports of agricultural goods, food and beverages increased 3.2 percent, recovering from a 11.3 percent decline, mostly due to unroasted coffee (24.2 percent) and sales of other sectors went up 4.8 percent, after dropping 23.6 percent. In July, Colombia sold 16.9 million barrels of crude oil, an 11.1 percent rise compared to July 2018. Main export partners were: the US (25.2 percent of total exports), China (16.6 percent), Ecuador (5.3 percent), Panama (4.3 percent) and Brazil (4.2 percent).

2019-07-03
Colombia Exports Rise 1.2% YoY in May
Exports from Colombia increased 1.2 percent year-on-year in May 2019, following a 2.2 percent gain in April. Sales of fuels & mining products rose further (5.2 percent from 5.1 percent in April), boosted by coal, coke & briquettes (30 percent). Also, exports of agricultural goods, food and beverages rebounded (0.4 percent from -6.7 percent), of which vegetables & fruits (28.7 percent) and animal & vegetable products (8.5 percent). On the other hand, sales of manufactured goods declined (-7.6 percent from 0.6 percent), in particular iron & steel (-75.9 percent) and special machinery for certain industries (-58.7 percent). In May, Colombia sold 19.0 million barrels of oil, a 4.3 percent increase compared to May 2018. The most important export partners were: the US (28.8 percent of total exports), China (7.3 percent), Panama (6.3 percent), Turkey (4.5 percent) and Mexico (4.4 percent).

2019-06-04
Colombia Exports Rise 2.2% YoY in April
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).


Colombia Exports
Colombia´s economy is highly dependent on exports of commodities. Oil and coal exports account for 59 percent of total shipments and gold for 5 percent. Yet, in recent years, other products such as chemicals, machinery and cut flowers have been gaining importance. Colombia´s main exports partners are: United States (36 percent of total exports), China (6 percent), Spain (5 percent) and Venezuela (4 percent). Others include: Netherlands, Chile, Ecuador, Peru, India, Brazil, and United Kingdom.

Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -1.87 -1.01 0.81 -1.97 USD Billion [+]
Current Account -3917.00 -2887.00 364.00 -6452.00 USD Million [+]
Current Account to GDP -3.80 -3.30 4.10 -6.40 percent [+]
Imports 4.76 4.33 6.08 0.28 USD Billion [+]
Exports 2.89 3.32 5.71 0.02 USD Billion [+]
External Debt 137633.12 136184.39 137633.12 36431.04 USD Million [+]
Foreign Direct Investment 3330.18 4050.97 6776.22 197.17 USD Million [+]
Capital Flows -3219.49 -3273.06 359.83 -6193.64 USD Million [+]
Remittances 596.90 555.80 944.50 162.44 USD Million [+]
Gold Reserves 18.92 18.92 18.92 3.49 Tonnes [+]
Crude Oil Production 884.00 882.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 135.41 133.52 165.96 73.87 points [+]
Terrorism Index 5.91 5.61 7.16 5.58 [+]


United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category