Colombia's trade deficit increased to USD 0.5 billion in September of 2018 from USD 0.4 billion in September 2017. Imports soared 8.4 percent to USD 4.05 billion, boosted by purchases of manufactured products (11.3%), namely machinery and transport equipment (13.3%) and agricultural products (2.4%), mostly non-edible raw materials, except fuels (25.7%). In contrast, imports fell for fuels and related products (-6.1%), of which non-ferrous metals (-20.1%). Meantime, exports rose 3.8 percent to USD 3.50 billion, led by sales of fuels and mining products (12.3%), of which oil, petroleum products and related (55.8%). Also, shipments of manufactured products rebounded (1.5% vs -0.4%), namely manufactured goods classified chiefly (16.1%) while those of agricultural products, food and beverages slipped (-17.9%). Considering the January to September period, exports grew 13.7 percent and imports advanced 8.4 percent over a year ago. 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.

Balance of Trade in Colombia is expected to be 0.45 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 -0.64 in 12 months time. In the long-term, the Colombia Balance of Trade is projected to trend around -0.60 USD Billion in 2020, according to our econometric models.

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 $-0.5B $-0.9B $ -0.4B
2018-12-18 03:00 PM Balance of Trade $-0.5B $ -0.7B
2019-01-22 03:00 PM Balance of Trade
2019-02-14 03:00 PM Balance of Trade $ 0.6B


Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -0.50 -0.90 0.81 -1.97 USD Billion [+]
Current Account -3109.00 -3215.00 364.00 -6456.00 USD Million [+]
Current Account to GDP -3.30 -4.30 4.10 -6.40 percent [+]
Imports 4.05 4.58 6.08 0.28 USD Billion [+]
Exports 3.79 3.50 5.71 0.02 USD Billion [+]
External Debt 127758.82 126191.69 127758.82 36431.04 USD Million [+]
Foreign Direct Investment 2528.06 3661.60 6776.22 197.17 USD Million [+]
Capital Flows -3365.84 -3032.46 359.83 -6195.12 USD Million [+]
Remittances 529.10 576.30 944.50 162.44 USD Million [+]
Gold Reserves 12.80 12.80 12.80 3.49 Tonnes [+]
Crude Oil Production 852.00 860.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 145.29 142.36 165.96 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -0.90 0.81 -1.97 1980 - 2018 USD Billion Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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