Imports to Colombia surged by 37.5 percent over a year ago to USD 4.935 billion in March of 2021, following a 3.0 percent drop in the previous month. This large variation is mostly explained by low baseline effect from the pandemic outbreak, and it was driven by increases in the purchases of manufactured products (43.2 percent), namely machines & transport equipment (36.9 percent) and chemical products (45.4 percent), and of agricultural goods (41.1 percent). Nevertheless, these rises were partially offset by a slump in fuels & mining products imports (-9.6 percent), in particular of oil & derivatives (-19.5 percent). The largest import partners were the US (24.8 percent of total purchases), China (24.0 percent), Mexico (6.0 percent) and Brazil (5.0 percent). source: Dane, Colombia
Imports in Colombia averaged 1.93 USD Billion from 1980 until 2021, reaching an all time high of 6.08 USD Billion in July of 2014 and a record low of 0.28 USD Billion in March 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 June of 2021.
Imports in Colombia is expected to be 4.00 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 4.30 in 12 months time. In the long-term, the Colombia Imports is projected to trend around 4.60 USD Billion in 2022 and 4.70 USD Billion in 2023, according to our econometric models.