Colombia - Imbangan Perdagangan

Colombia's trade deficit narrowed to USD 1.0 billion in October 2019 from USD 1.4 billion in the corresponding month of the previous year. Exports dropped 11.9 percent over a year earlier to USD 3.32 billion, as sales went down for fuels & mining products (-24.6 percent), dragged down by petroleum, petroleum products & related (-19 percent). Imports fell 16.1 percent to USD 4.33 billion, mostly due to lower purchases of manufactured goods (-15.3 percent), in particular machinery & transport equipment (-24.1 percent); agricultural products, food & beverages (-2.2 percent), namely food & live animals (-5.6 percent); and fuels & mining products (-43.2 percent), of which petroleum products & related (-45.3 percent).

Colombia's trade deficit widened to USD 1.12 billion in September 2019 from USD 0.50 billion in the corresponding month of the previous year. Exports fell 12.3 percent over a year earlier to USD 3.08 billion, as sales dropped for fuels & mining products (-24 percent), dragged down by petroleum, petroleum products & related (-27.5 percent). Imports rose 3.8 percent to USD 4.20 billion, driven by higher purchases of agricultural products, food & beverages (13.6 percent); fuels & mining products (24.7 percent); and other sectors (76.7 percent).

Colombia's trade deficit widened to USD 1.65 billion in August 2019 from USD 0.90 billion in the corresponding month of the previous year. It was the largest trade gap since November 2015, as exports fell 11.6 percent over a year earlier to USD 3.26 billion, mostly due to lower sales of fuels & mining products (-21.3 percent), namely petroleum, petroleum products & related (-16.7 percent); and manufactured goods (-4.3 percent), of which chemical products (-9.9 percent). Meantime, imports increased 7.3 percent to USD 4.91 billion, driven by higher purchases of fuels & mining products (63.3 percent), in particular crude oil (100.7 percent); agricultural products, food & beverages (16.6 percent), led by food & live animals (28.1 percent); and other sectors (0.1 percent).

Colombia's trade deficit widened to USD 1.29 billion in July 2019 from USD 0.72 billion in the corresponding month of 2018. Exports fell 9.9 percent over a year earlier to USD 3.27 billion, mainly due to lower sales of fuels & mining products (-19.1 percent), in particular coal, coke & briquettes (-36.7 percent). Meanwhile, sales went up for manufactured goods (5.6 percent); agricultural goods, food and beverages (3.2 percent); and other sectors (4.8 percent). Imports rose 5 percent to USD 4.57 billion, boosted by higher purchases of manufactured goods (3.2 percent), namely machinery & transport equipment (10.7 percent) and miscellaneous goods (5.7 percent); agricultural products, food and beverages (10.5 percent), due to food & live animals (19.1 percent); fuels and mining products (12.6 percent), of which petroleum, petroleum products & related (19 percent); and other sectors (22.5 percent).

Colombia's trade deficit rose slightly to USD 0.94 billion in June 2019 from USD 0.89 billion in the same month a year ago. Exports tumbled 8.7 percent year-on-year to USD 3.04 billion, the largest decrease since January, weighed down by fuels & mining products (-5.2 percent); manufactured goods (-13.1 percent); agricultural goods, food and beverages (-11.3 percent) and other sectors (-23.6 percent). Imports fell at a slower 5.7 percent to USD 3.98 billion in June 2019, the first decline since March 2018, due to lower purchases of manufactured goods (-5.4 percent); and agricultural products, food & beverages (-18.8 percent), in particular food & live animals (-14.7 percent) and oils & fats of vegetable origin (-24.7 percent). In contrast, those of fuels and related products grew 9.7 percent, namely petroleum products and related (16 percent).

Colombia’s trade gap widened to USD 1.02 billion in May 2019 from USD 0.83 billion in the same month of the previous year. Imports went up 6.1 percent year-on-year to USD 4.79 billion boosted by higher purchases of fuels and related products (40 percent), namely petroleum and related (50 percent); manufactured products (4.4 percent), of which vehicles (38.5 percent), other transport equipment (27.7 percent), clothing and footwear (36.6 percent), power generators machinery and equipment (18.1 percent), and professional and scientific devices (15.5 percent); and other sectors (41.3 percent). Exports increased 1.2 percent to USD 3.77 billion, mainly driven by sales of fuels & mining products (5.2 percent), in particular coal, coke and briquettes (30 percent); and agricultural goods, food and beverages (0.4 percent), mostly vegetables and fruits (28.7 percent) and animal and vegetable products (8.5 percent).