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). Balance of Trade in Colombia averaged -0.20 USD Billion from 1980 until 2019, reaching an all time high of 0.81 USD Billion in December of 2011 and a record low of -1.97 USD Billion in January of 2015.

Balance of Trade in Colombia is expected to be 0.80 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Colombia to stand at -0.50 in 12 months time. In the long-term, the Colombia Balance of Trade is projected to trend around 0.20 USD Billion in 2020, according to our econometric models.

Colombia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-19 03:00 PM Balance of Trade May $-1.0B $-0.7B $-1B
2019-08-14 03:00 PM Balance of Trade Jun $-0.9B $-1.0B $-1.1B
2019-09-18 03:00 PM Balance of Trade Jul $-1.3B $-0.9B $-0.7B
2019-10-18 03:00 PM Balance of Trade Aug $-1.6B $-1.3B $-1.4B
2019-11-14 03:00 PM Balance of Trade Sep $-1.6B $-1.4B
2019-12-18 03:00 PM Balance of Trade Oct


Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -1.65 -1.30 0.81 -1.97 USD Billion [+]
Current Account -3239.00 -3587.00 364.00 -6452.00 USD Million [+]
Current Account to GDP -3.80 -3.30 4.10 -6.40 percent [+]
Imports 4.91 4.57 6.08 0.28 USD Billion [+]
Exports 3.26 3.27 5.71 0.02 USD Billion [+]
External Debt 134971.78 133988.43 135050.13 36431.04 USD Million [+]
Foreign Direct Investment 3855.17 3417.33 6776.22 197.17 USD Million [+]
Capital Flows -3608.57 -3285.28 359.83 -6193.64 USD Million [+]
Remittances 581.70 496.30 944.50 162.44 USD Million [+]
Gold Reserves 18.92 18.90 18.92 3.49 Tonnes [+]
Crude Oil Production 892.00 895.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 133.95 131.11 165.96 73.87 Index Points [+]
Terrorism Index 5.61 5.60 7.16 5.58 [+]


Colombia Balance of Trade

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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.65 -1.30 0.81 -1.97 1980 - 2019 USD Billion Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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