Exports from Colombia declined 9.9 percent year-on-year to USD 3.27 billion in July 2019, after dropping 8.7 percent in the previous month. Sales of fuels & mining products went down 19.1 percent, following a 5.2 percent fall in June, mainly due to coal, coke & briquettes (-36.7 percent). On the other hand, sales of manufactured goods rose 5.6 percent, rebounding from a 13.1 percent decrease in the prior month, of which machinery & transport equipment (53.4 percent). Additionally, exports of agricultural goods, food and beverages increased 3.2 percent, recovering from a 11.3 percent decline, mostly due to unroasted coffee (24.2 percent) and sales of other sectors went up 4.8 percent, after dropping 23.6 percent. In July, Colombia sold 16.9 million barrels of crude oil, an 11.1 percent rise compared to July 2018. Main export partners were: the US (25.2 percent of total exports), China (16.6 percent), Ecuador (5.3 percent), Panama (4.3 percent) and Brazil (4.2 percent). Exports in Colombia averaged 1.10 USD Billion from 1958 until 2019, 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 3.70 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 4.70 USD Billion in 2020, according to our econometric models.