Colombia’s trade deficit widened to USD 2 billion in August of 2021, the largest gap since at least 1980, from USD 0.99 billion in the corresponding month of the previous year. Imports surged by 50 percent yoy to a near 7-year high of USD 5.3 billion, boosted by purchases of manufactured goods (45.1 percent to USD 4.1 billion), followed by agriculture and food (45.2 percent to USD 0.8 billion) and fuels and mining products (130 percent to USD 0.5 billion). At the same time, exports rose at a slower 28.4 percent to USD 3.3 billion, driven by fuels and mining products (26.6 percent to 1.4 billion), manufactured goods (50.7 percent to USD 0.9 billion), and agriculture and food (35.7 percent to USD 0.8 billion). The largest import partners were China (23.3 percent of total purchases), the US (19.2 percent), and Mexico (6.5 percent), while main export partners were the US (27.1 percent of total sales), Turkey (5.9 percent), and Ecuador (4.8 percent). source: Dane, Colombia

Balance of Trade in Colombia averaged -0.25 USD Billion from 1980 until 2021, reaching an all time high of 0.81 USD Billion in December of 2011 and a record low of -2.03 USD Billion in August 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 October of 2021.

Balance of Trade in Colombia is expected to be 0.20 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Balance of Trade is projected to trend around -1.20 USD Billion in 2022 and -0.90 USD Billion in 2023, according to our econometric models.

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Colombia Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-07-19 03:00 PM May $-1.3B $-1.8B $-1.4B
2021-08-13 03:00 PM Jun $-1.9B $-1.3B $ -0.5B
2021-09-17 03:00 PM Jul $-1.5B $-1.9B $-2B
2021-10-19 03:00 PM Aug $-2B $-1.4B $-2B
2021-11-16 03:00 PM Sep $-2B $ -1B
2021-12-20 03:00 PM Oct


News Stream
Colombia Posts Record Trade Gap in August
Colombia’s trade deficit widened to USD 2 billion in August of 2021, the largest gap since at least 1980, from USD 0.99 billion in the corresponding month of the previous year. Imports surged by 50 percent yoy to a near 7-year high of USD 5.3 billion, boosted by purchases of manufactured goods (45.1 percent to USD 4.1 billion), followed by agriculture and food (45.2 percent to USD 0.8 billion) and fuels and mining products (130 percent to USD 0.5 billion). At the same time, exports rose at a slower 28.4 percent to USD 3.3 billion, driven by fuels and mining products (26.6 percent to 1.4 billion), manufactured goods (50.7 percent to USD 0.9 billion), and agriculture and food (35.7 percent to USD 0.8 billion). The largest import partners were China (23.3 percent of total purchases), the US (19.2 percent), and Mexico (6.5 percent), while main export partners were the US (27.1 percent of total sales), Turkey (5.9 percent), and Ecuador (4.8 percent).
2021-10-19
Colombia Trade Deficit Widens in July
Colombia’s trade deficit widened to USD 1.5 billion in July of 2021 from a USD 1.1 billion deficit in the corresponding month of 2020. Exports surged by 27.4 percent over a year to USD 3.3 billion, as outward shipments grew mostly for manufactured goods (42.4 percent), fuels and extraction industries (36.2 percent), and food, beverages, and agriculture (17.8 percent). Similarly, imports jumped 31.7 percent over a year ago to USD 4.8 billion, amid increases in extraction industries (44.2 percent), manufacturing (32.5 percent), and food, beverages, and agriculture (22.9 percent). The largest export partners were the US (28.6 percent), China (10.3 percent), and Ecuador (6.2 percent), while the largest import partners were the US (19.5 percent), Mexico (6.2 percent), and Brazil (4.9 percent).
2021-09-17
Colombia Trade Deficit Widens in May
Colombia's trade deficit widened to USD 1.3 billion in May of 2021 from USD 0.7 billion in the corresponding month of the previous year. Exports jumped by 39.4 percent year-on-year to USD 3.1 billion in April, while imports surged by 52 percent over a year ago to USD 4.4 billion.
2021-07-19
Colombia Trade Deficit Widens in April
Colombia's trade deficit widened to USD 1.80 billion in April of 2021 from USD 1.2 billion in the corresponding month of the previous year. Exports jumped by 56.3 percent year-on-year at USD 2.91 billion in April, while imports surged by 51.7 percent over a year ago to USD 4.70 billion.
2021-06-22

Colombia Last Unit Reference Previous Highest Lowest
Balance of Trade -2.03 USD Billion Aug/21 -1.42 0.81 -2.03
Imports 5.35 USD Billion Aug/21 4.80 6.08 0.28
Exports 3.32 USD Billion Aug/21 3.38 5.71 0.02


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.