Imports to Colombia rose 1.6 percent over a year ago to USD 4.14 billion in December of 2020, following a 12 percent slump in the previous month, amid the global pandemic. It was the first increase in imports after nine consecutive months of declines, amid higher purchases of manufactured products (4.1 percent) and agricultural goods (14.6 percent). In contrast, acquisitions of fuels & extractive industry products plunged (-41.6 percent). The most important import partners were: China (24.9 percent of total imports), the US (19.6 percent), Brazil (7.4 percent) and Mexico (6.8 percent). In 2020, Colombian imports plummeted 17.5 percent over a year ago. source: Dane, Colombia
Imports in Colombia averaged 1.92 USD Billion from 1980 until 2020, reaching an all time high of 6.08 USD Billion in July of 2014 and a record low of 0.28 USD Billion in February of 1986. This page provides the latest reported value for - Colombia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Imports - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Imports in Colombia is expected to be 4.10 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Colombia to stand at 4.50 in 12 months time. In the long-term, the Colombia Imports is projected to trend around 4.70 USD Billion in 2022, according to our econometric models.