Colombia Balance of Trade  1980-2018 | Data | Chart | Calendar | Forecast

Colombia's trade deficit shrank to USD 0.98 billion in November of 2017 from USD 1.34 billion a year ago. It was the smallest trade gap for a November month since 2013. Exports rose 6.7 percent to USD 3.01 billion, driven by sales of fuels (17.3 pct) and manufactured products (10.2 pct), such as ferronickel (40.6 pct) and other transport equipment (412.6 pct). Colombia sold 16.1 million barrels of oil in November, a 24.2 percent decrease from 21.2 million barrels a year ago. Meantime, imports slipped 4.3 percent to USD 3.99 billion, as purchases of manufactured goods tumbled 3.7 percent, mainly other transport equipment (-84.9 pct) and road vehicles (-30 pct). Also, imports of agricultural products went down 0.2 percent, due to a decrease in arrivals of oleaginous seeds and fruits (-50.5 pct) and sugars, sugar and honey preparations (-40.4 pct). Meantime, purchases of fuels fell 10.5 percent, particularly diesel (-37.8 pct) and kerosene (-60.4 pct). Balance of Trade in Colombia averaged -0.17 USD Billion from 1980 until 2017, 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.

Colombia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2017-11-14 03:00 PM Balance of Trade $-0.4B $-1.1B
2017-12-18 03:00 PM Balance of Trade $-0.8B $-0.4B $-0.7B
2018-01-22 03:05 PM Balance of Trade $-0.98B $-0.67B $ -0.9B
2018-02-14 03:00 PM Balance of Trade $-0.98B $ -0.68B
2018-03-20 03:00 PM Balance of Trade $ -0.71B
2018-04-20 03:00 PM Balance of Trade $ -0.71B


Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -0.98 -0.67 0.81 -1.97 USD Billion [+]
Exports 3.01 3.13 5.71 0.02 USD Billion [+]
Imports 3.99 3.94 6.08 0.28 USD Billion [+]
Current Account -2589.00 -2708.00 364.00 -6454.00 USD Million [+]
Current Account to GDP -4.40 -6.40 4.10 -6.40 percent [+]
External Debt 124218.47 124770.03 124770.03 -3130.97 COP Billion [+]
Foreign Direct Investment 4868.45 2685.00 6776.22 197.17 USD Million [+]
Capital Flows -2341.95 -2587.79 359.83 -6237.71 USD Million [+]
Remittances 522.00 521.70 944.50 162.44 USD Million [+]
Gold Reserves 6.69 5.76 10.36 3.49 Tonnes [+]
Crude Oil Production 804.00 865.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 130.43 127.84 185.94 73.87 Index Points [+]
Terrorism Index 5.60 5.95 7.16 5.58 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.98 -0.67 0.81 -1.97 1980 - 2017 USD Billion Monthly




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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