Colombia Balance of Trade  Forecast


Balance of Trade in Colombia is expected to be -0.70 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 -0.90 in 12 months time. In the long-term, the Colombia Balance of Trade is projected to trend around -0.70 USD Billion in 2020, according to our econometric models.


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Colombia Trade Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -1.12 -0.7 -0.8 -0.9 -0.9 -0.7
Exports 3.07 3 3.2 3.2 3 3.3
Imports 4.19 3.7 4 4.1 3.9 4
Current Account -2708 -2800 -2650 -2650 -2554 -2500
Current Account to GDP -4.4 -4.3 -4.2 -4.2 -4.2 -3.5
External Debt 120741 104289 96698 89682 83198 43060
Capital Flows -2588 -2566 -2565 -2532 -2507 -2331
Foreign Direct Investment 2685 2571 2512 2493 2460 2265
Remittances 482 473 466 459 453 420
Gold Reserves 5.76 6.7 7.04 7.36 7.62 8.45
Crude Oil Production 804 811 809 808 806 791
Terms Of Trade 126 124 123 122 121 115
Terrorism Index 5.95 6 6 6 6 6