Imports to Colombia slumped by 8.6% over a year to a near 1-1/2-year low of USD 5.53 billion in January 2023, the third consecutive decline. Purchases fell for manufactured products (-18.1%), of which chemical products and related products (-22.9%) and manufactured articles classified mainly by material (-30.1%). Meanwhile, imports rose for fuels and extractive industries (+36.9%), primarily coke and refined petroleum products (+55.6%); and agricultural products, food & beverages (+6.5%), namely food products and live animals (+8.4%) and beverages and tobacco (+34.9%). The most important import partners were the US (29.5% of total acquisitions), China (21.3%) and Brazil (9.3%). source: Dane, Colombia
Imports YoY in Colombia averaged 8.98 percent from 1981 until 2023, reaching an all time high of 108.90 percent in March of 1993 and a record low of -40.50 percent in April of 1999. This page includes a chart with historical data for Colombia Imports YoY. Colombia Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Imports YoY in Colombia is expected to be -10.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Imports YoY is projected to trend around 4.00 percent in 2024, according to our econometric models.