Colombia Imports

Imports to Colombia rose 10.1 percent year-on-year to USD 4.30 billion in March 2019, following a 8.2 percent gain in the prior month. Imports increased mainly due to higher purchases of manufactured products (11.3 percent), namely machinery and transport equipment (20.2 percent), and chemicals (4.5 percent). Also, purchases of fuels and related products rose (2.8 percent), of which petroleum products and related (33.4 percent). On the other hand, sales declined for agricultural products, food and beverages (-8.1 percent), mainly food products and live animals (-6.7 percent) and other sectors (-56.3 percent). The most important import partners were: the US (26.4 percent of total imports), China (19.4 percent), Mexico (8.6 percent), Brazil (5.6 percent) and Germany (3.7 percent). Imports in Colombia averaged 1.81 USD Billion from 1980 until 2018, 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.

Imports in Colombia is expected to be 3.75 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 3.70 in 12 months time. In the long-term, the Colombia Imports is projected to trend around 4.50 USD Billion in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2019-01-22	03:00 PM	Imports YoY	12.3%	31.1%
2019-02-14	03:00 PM	Imports YoY	15.1%	12.3%	7.3%
2019-03-20	03:00 PM	Imports YoY	10.4%	15.1%	10.5%
2019-05-13	03:00 PM	Imports YoY	10.1%	8.2%	5%
2019-06-20	03:00 PM	Imports YoY		10.1%
2019-07-19	03:00 PM	Imports YoY
2019-08-14	03:00 PM	Imports YoY			4%

Colombia Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-0.96	-0.77	0.81	-1.97	USD Billion	[+]
Current Account	-3680.00	-3067.00	364.00	-6452.00	USD Million	[+]
Current Account to GDP	-3.80	-3.30	4.10	-6.40	percent	[+]
Imports	4.30	3.95	6.08	0.28	USD Billion	[+]
Exports	3.34	3.18	5.71	0.02	USD Billion	[+]
External Debt	135083.25	134712.30	135083.25	36431.04	USD Million	[+]
Foreign Direct Investment	2656.29	2688.30	6776.22	197.17	USD Million	[+]
Capital Flows	-3561.23	-3581.94	359.83	-6193.53	USD Million	[+]
Remittances	495.30	501.70	944.50	162.44	USD Million	[+]
Gold Reserves	18.20	12.80	18.20	3.49	Tonnes	[+]
Crude Oil Production	899.00	889.00	1035.00	356.00	BBL/D/1K	[+]
Terms Of Trade	139.67	136.94	165.96	73.87	Index Points	[+]
Terrorism Index	5.61	5.60	7.16	5.58		[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

Colombia main imports are: machinery and transport equipment (39 percent of total imports); manufactured products (22 percent); chemicals and related products (17 percent); fuel, mineral lubricants and related products (10 percent) and food and livestock (8 percent). Main import partners are: United States (24 percent of total imports), China (16 percent), Mexico (11 percent) and Brazil (5 percent). Others include: Germany, Argentina, Japan, France, South Korea and Canada. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.