Imports to Colombia jumped 31.1 percent year-on-year to USD 5.17 billion in October of 2018, following a 8.4 percent rise in the previous month. It is the highest value since December 2014. Purchases were mainly boosted by manufactured products (33.3 percent), namely machinery and transport equipment (47.7 percent) and agricultural products (14.3 percent), of which food products and live animals (25.9 percent). In addition, imports of fuels and related products grew 38.9 percent, mostly petroleum products and related (37 percent). Considering the first ten months of 2018, Colombian imports advanced 10.7 percent over a year ago. Imports in Colombia averaged 1.80 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 3.40 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 3.85 in 12 months time. In the long-term, the Colombia Imports is projected to trend around 3.80 USD Billion in 2020, according to our econometric models.