Exports from Colombia decreased 7.8 percent year-on-year to USD 3.06 billion in January 2019, following a 14.6 percent fall in the previous month. Sales declined less for fuels & mining products (-17.5 percent from -23.5 percent in December), mainly coal, coke & briquettes (-31.9 percent) and rose further for manufactured products (11.8 percent from 0.8 percent), mostly driven by machinery & transport equipment (35.3 percent). On the other hand, sales of agricultural goods, food and beverages dropped (-6.0 percent from 1.7 percent), namely flowers and cut foliage (-12.5 percent). In January, Colombia sold 18.6 million barrels of oil, a 0.3 percent decline compared to January 2018. Main export partners were: the US (28.4 percent of total exports), China (11.3 percent), Panama (7.0 percent) and Brazil (4.8 percent). 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 3.60 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 4.50 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.