Colombia’s trade deficit shrank to USD 0.8 billion in June of 2022 from USD 1.7 billion in the corresponding month of the previous year. It was the smallest monthly trade shortfall since June 2020, as exports jumped by 74.3 percent year-on-year to an over ten-year high of USD 5.55 billion, largely driven by sales of fuels and products of extractive industries (107.5 percent). Meanwhile, imports advanced at a slower 29.4 percent to USD 6.37 billion, boosted by purchases of fuels and products of extractive industries (74.3 percent), manufacturing (21.8 percent) and agricultural goods (45.8 percent).
source: Dane, Colombia
Balance of Trade in Colombia averaged -0.28 USD Billion from 1980 until 2022, reaching an all time high of 0.81 USD Billion in December of 2011 and a record low of -2.39 USD Billion in November of 2021. This page provides - Colombia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Balance of Trade in Colombia is expected to be -2.19 USD Billion by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the Colombia Balance of Trade is projected to trend around -2.25 USD Billion in 2023 and -2.30 USD Billion in 2024, according to our econometric models.