Colombia Export Growth Slows Again

Colombia's exports rose 5.9% year-on-year to USD 4.69 billion in July 2026, easing for a second consecutive month following a 7% increase in June and marking the lowest pace of growth since the start of the year. The increase was driven by a 8.3% rise in exports of fuels and extractive industries, which accounted for 40% of total shipments, supported by a 13.8% increase in oil and petroleum products, while crude oil export volumes rose 3.1% to 13.4 million barrels. In contrast, manufactured exports decline 7.1%, driven by lower shipments of chemicals and related products (-12.4%) and manufactured goods classified chiefly by material (-6.0%), while agricultural and food exports, which represented 26.4% of total exports, edged down 0.8%.

Colombia's exports rose 7% year-on-year to USD 4.23 billion in June 2026, easing from a 19.2% increase in May and marking the lowest level since the start of the year. The increase was driven by a 17.1% rise in exports of fuels and extractive industries, which accounted for 42.6% of total shipments, supported by a 17.6% increase in oil and petroleum products, although crude oil export volumes edged up just 0.2% to 13.5 million barrels. Manufactured exports increased 2.4%, led by an 18.7% rise in chemical products. In contrast, agricultural and food exports, which represented 25.8% of total exports, declined 10.8%, weighed by lower shipments of cut flowers and foliage (-22.7%) and unroasted coffee (-12.7%).

Colombia's exports rose 19.2% year-on-year to USD 5.19 billion in May 2026 after increasing 11.7% in April. The gain was driven mainly by a 33.3% rise in fuel and mining exports, reflecting a 32.4% increase in shipments of petroleum and petroleum products. Agricultural, food, and beverage exports edged up 0.7%, supported by higher exports of cut flowers and foliage (24.9%) and coffee extracts, essences, and concentrates (89.2%). Manufactured exports rose 0.2%, led by chemicals and related products (8.0%) and machinery and transport equipment (12.6%). Exports from other sectors surged 67.0%, largely due to a sharp increase in non-monetary gold shipments. Meanwhile, crude oil exports totaled 11.4 million barrels, down 18.1% from a year earlier.