Colombia Posts Trade Surplus in June On Rising Oil Exports


In June of 2013, Colombian trade balance turned into a 500 million USD surplus, from a 500 million USD deficit in the same month last year, due to a surge in oil exports.

Exports increased 5.6 percent year-on-year to 4.82 billion USD, from 4.56 billion USD in the same month of the previous year. Shipments of oil increased 22.9 percent yoy. Exports of manufactured goods went up by 2.8 percent, due to higher exports of transport machinery and equipment and shipments of agricultural products increased 22.2 percent. In contrast, shipments of gold shrank by 39 percent yoy. 

Imports contracted by 15.5 percent yoy to 4.31 billion USD, from 5.10 billion USD a year earlier, mainly due to a fall in manufactured goods (- 38 percent yoy). Imports of fuel and mining products declined 38 percent yoy, while purchases of food, beverages and agricultural products shrank by 17.5 percent. 

Colombia Posts Trade Surplus in June On Rising Oil Exports


Joana Taborda | joana.taborda@tradingeconomics.com
8/26/2013 5:54:20 PM