Colombia’s trade deficit shrank to USD 2.25 billion in May of 2022 from USD 1.28 billion in the corresponding month of the previous year, and the largest trade shortfall since November of 2021. Exports climbed 47.0 percent year-on-year to USD 4.55 billion, as shipments rose significantly for fuels and products of extractive industries (49.0 percent), manufactured products (68.1 percent), and agriculture, food, and beverages (49.6 percent). At the same time, imports advanced at a faster 55.6 percent to USD 6.39 billion, boosted by purchases of manufactured products (41.5 percent); fuels and products of extractive industries (207.3 percent), and agricultural products, food & beverages (47.4 percent). source: Dane, Colombia
Balance of Trade in Colombia averaged -0.27 USD Billion from 1980 until 2022, reaching an all time high of 0.81 USD Billion in December of 2011 and a record low of -2.39 USD Billion in November 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 August of 2022.
Balance of Trade in Colombia is expected to be -2.19 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 -2.25 USD Billion in 2023 and -2.30 USD Billion in 2024, according to our econometric models.