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

Colombia's trade deficit decreased slightly to USD 0.97 billion in August of 2018 from USD 1.00 billion in August 2017. Exports jumped 13.1 percent to USD 3.61 billion, led by fuels & mining products (25%), of which oil, petroleum products & related (+40.9%). On the other hand, shipments of manufactured products decreased 0.4 percent, mainly machinery & transport equipment (-11.1%), and those of agricultural products, food & beverages fell 0.2 percent. Meantime, imports rose at a slower 9.3 percent to USD 4.58 billion, as purchases grew mostly for manufactured products (12.3%), namely chemicals & chemical products (15 percent); and agricultural goods, food & beverages (6.7%), including live animals & food products (6 percent). In contrast, imports fell for fuels and related products (-8.2%), particularly oil, petroleum products & related (-18.4%). The main trade partner was the US (23.3% of total exports and 23.7% of total imports). Balance of Trade in Colombia averaged -0.18 USD Billion from 1980 until 2018, 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
2018-08-14 03:00 PM Balance of Trade $-0.90B $-0.83B $ -0.6B
2018-09-18 03:00 PM Balance of Trade $-0.7B $-0.90B $ -0.6B
2018-10-18 03:00 PM Balance of Trade $-1.0B $-0.7B $ -0.6B
2018-11-14 03:00 PM Balance of Trade $-1.0B $ -0.4B
2018-12-18 03:00 PM Balance of Trade $ -0.7B


Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -1.00 -0.70 0.81 -1.97 USD Billion [+]
Exports 3.61 3.60 5.71 0.02 USD Billion [+]
Imports 4.58 4.35 6.08 0.28 USD Billion [+]
Current Account -3215.00 -2831.00 364.00 -6456.00 USD Million [+]
Current Account to GDP -3.30 -4.30 4.10 -6.40 percent [+]
External Debt 126782.48 126249.40 127032.78 36431.04 USD Million [+]
Foreign Direct Investment 3661.60 2133.11 6776.22 197.17 USD Million [+]
Capital Flows -3032.46 -2579.83 359.83 -6195.12 USD Million [+]
Remittances 528.70 494.00 944.50 162.44 USD Million [+]
Gold Reserves 12.80 12.80 12.80 3.49 Tonnes [+]
Crude Oil Production 851.00 866.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 142.36 136.89 165.96 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -0.70 0.81 -1.97 1980 - 2018 USD Billion Monthly




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1447.00 Sep/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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