Colombia Balance of Trade

Colombia trade deficit narrowed to USD 0.67 billion in December of 2016 from a USD 1.62 billion gap in 2015, as exports posted the biggest gain since December of 2011 while imports fell. Exports jumped 32.7 percent year-on-year to USD 3.37 billion, driven by sales of fuels and mining products (43 percent vs 4.1 percent in November) and agricultural goods, food and beverages (50.6 percent vs 14.9 percent). Colombia exported Colombia exported 16.9 million barrels of oil in December, a decline of 24.2 percent compared to 22.3 million barrels a year earlier. Imports fell 2.8 percent to USD 4.04 billion, dragged down by manufacturing purchases (-3.3 percent from -2.5 percent) and fuels and mining products (-15.5 percent from -14.9 percent). Considering full 2016, trade deficit shrank 24.6 percent to USD 13.8 billion as exports dropped 13 percent to USD 31.1 billion and imports decreased 17 percent to USD 44.9 billion. Balance of Trade in Colombia averaged -0.11 USD Billion from 1980 until 2016, reaching an all time high of 1.02 USD Billion in December of 2011 and a record low of -1.96 USD Billion in July of 2015.

Colombia Balance of Trade

Please Paste this Code in your Website

Colombia is a major exporter of oil and coal (59 percent of total exports). Other exports include: chemicals and related products (5.1 percent) and gold (5 percent). Main imports are: machinery and transport equipment (39 percent of total imports); manufactured products (22 percent); chemicals (17 percent) and fuel and mineral lubricants (10 percent) Main trading partners are: United States (36 percent of total exports and 39 percent of imports) and China (6 percent of exports and 16 percent of imports). Others include: Mexico, Spain and Venezuela. This page provides – Colombia Balance of Trade – actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Balance of Trade – actual data, historical chart and calendar of releases – was last updated on February of 2017.