Colombia Posts Trade Deficit in September
In September of 2013, Colombian trade balance turned into a 0.3 USD billion deficit, from a 0.23 billion USD surplus a year earlier, as non-monetary gold sales reported a large drop, while imports were up by 10 percent.
In September, exports amounted to 4.85 billion USD, down from 4.98 billion USD in August and 4.91 billion USD a year ago. On an annual basis, external sales decreased 1.2 percent, mainly due to a 50.3 percent fall in sales of non-monetary gold.
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Manufacturing shipments declined 1.3 percent, due to lower sales of iron and steel (-25.5 percent) and road vehicles (-18.4 percent). In contrast, exports of fuels and mining products increased 3.1 percent, due to higher sales of coal, coke and briquettes (+65.7 percent).
Shipments of agricultural products, food and beverages increased 1.2 percent. Rising sales of unroasted coffee (+25.4 percent) and cut flowers and foliage (+17.5 percent) were enough to offset a large drop in sales of live cattle (-56.5 percent) and banana (-34.4 percent).
Imports amounted to 5.2 billion USD, from 4.97 billion USD in August and 4.68 billion USD a year ago. Year-on-year, imports increased 10 percent, mainly due to a 43.8 percent growth in purchases of fuels and mining products.
Imports of manufacturing products went up by 7.3 percent, particularly purchases of transport equipment and iron and steel products recorded a high jump. In contrast, imports of agricultural products, food and beverages decreased 8.6 percent.