Exports from Colombia surged 15.8 percent year-on-year to USD 3.79 billion in October of 2018, up from a 3.8 percent increase in the prior month. Sales advanced faster for fuels & mining products (27.0 percent vs 12.3 percent in September), namely petroleum & petroleum products (26.5 percent) and manufactured products (4.7 percent vs 1.5 percent), mostly manufactured goods classified chiefly (11.7 percent). In contrast, shipments fell for agricultural goods, food and beverages (-0.6 percent), dragged down by lower exports of coffee (-11.2 percent). Main export partners were: the US (21.7 percent of total exports), China (17.0 percent), Panama (5.5 percent) and Turkey (5.1 percent). In October, Colombia sold 17.2 million barrels of oil, a 13.1 percent decrease compared to the same month of 2017. Considering the January to October period, exports grew 14.0 percent over a year ago Exports in Colombia averaged 1.07 USD Billion from 1958 until 2018, reaching an all time high of 5.71 USD Billion in March of 2012 and a record low of 0.02 USD Billion in December of 1963.
Exports in Colombia is expected to be 4.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Colombia to stand at 3.70 in 12 months time. In the long-term, the Colombia Exports is projected to trend around 5.00 USD Billion in 2020, according to our econometric models.