Imports to Colombia slumped 20.8 percent over a year earlier to USD 3.64 billion in July 2020, following a 27.2 percent plunge in the previous month, amid the coronavirus pandemic. Imports dropped mainly for manufactured products (-17.3 percent), namely machinery & transport equipment (-22.6 percent); and fuels & extractive industry products (-58.9 percent), in particular petroleum products & related (-67.9 percent); and agricultural products, food & beverages (-7 percent), of which inedible raw materials, except fuels (-44.4 percent). The most import partners were: China (31.1 percent of total imports), the US (20.7 percent), Mexico (6.1 percent), Brazil (4.9 percent) and Germany (3.4 percent).
Imports in Colombia averaged 1.87 USD Billion from 1980 until 2019, reaching an all time high of 6.08 USD Billion in July of 2014 and a record low of 0.28 USD Billion in February of 1986. This page provides the latest reported value for - Colombia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Imports - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Dane, Colombia
Imports in Colombia is expected to be 3.40 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Colombia to stand at 4.00 in 12 months time. In the long-term, the Colombia Imports is projected to trend around 4.50 USD Billion in 2021 and 4.70 USD Billion in 2022, according to our econometric models.