Colombia’s trade deficit shrank to USD 0.97 billion in April of 2022 from USD 1.72 billion in the corresponding month of the previous year. It was the smallest trade shortfall since February of 2021, as exports jumped 82.2% yoy to a near eight-year high of USD 5.42 billion, propelled by sales of fuels and products of extractive industries (165.6%), manufactured products (18.5%) and agriculture, food, and beverages (34.7%). At the same time, imports advanced at a slower 36.1% to USD 6.39 billion, boosted by purchases of manufactured products (28.9%); fuels and products of extractive industries (101.8%) and agricultural products, food & beverages (37.2%). source: Dane, Colombia

Balance of Trade in Colombia averaged -0.27 USD Billion from 1980 until 2022, reaching an all time high of 0.81 USD Billion in December of 2011 and a record low of -2.39 USD Billion in November of 2021. This page provides - Colombia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Balance of Trade in Colombia is expected to be -1.47 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Balance of Trade is projected to trend around -2.20 USD Billion in 2023 and -2.10 USD Billion in 2024, according to our econometric models.

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Colombia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-16 03:00 PM Mar $-1.52B $-1.624B $ -1.3B
2022-06-17 03:00 PM Apr $-1B $-1.52B $-1.5B
2022-07-19 03:00 PM May $-1B


Related Last Previous Unit Reference
Balance of Trade -0.97 -1.52 USD Billion Apr 2022
Imports 6.39 7.06 USD Billion Apr 2022
Exports 5.42 4.97 USD Billion Apr 2022

Colombia Balance of Trade
Colombia is a major exporter of oil and coal (59 percent of total exports). Other exports include: chemicals and related products (5.1 percent) and gold (5 percent). Main imports are: machinery and transport equipment (39 percent of total imports); manufactured products (22 percent); chemicals (17 percent) and fuel and mineral lubricants (10 percent) Main trading partners are: United States (36 percent of total exports and 39 percent of imports) and China (6 percent of exports and 16 percent of imports). Others include: Mexico, Spain and Venezuela.
Actual Previous Highest Lowest Dates Unit Frequency
-0.97 -1.52 0.81 -2.39 1980 - 2022 USD Billion Monthly

News Stream
Colombia Posts Smallest Trade Gap in Over a Year
Colombia’s trade deficit shrank to USD 0.97 billion in April of 2022 from USD 1.72 billion in the corresponding month of the previous year. It was the smallest trade shortfall since February of 2021, as exports jumped 82.2% yoy to a near eight-year high of USD 5.42 billion, propelled by sales of fuels and products of extractive industries (165.6%), manufactured products (18.5%) and agriculture, food, and beverages (34.7%). At the same time, imports advanced at a slower 36.1% to USD 6.39 billion, boosted by purchases of manufactured products (28.9%); fuels and products of extractive industries (101.8%) and agricultural products, food & beverages (37.2%).
2022-06-17
Colombia Trade Gap Widens in March
Colombia’s trade deficit widened to USD 1.52 billion in March of 2022 from USD 1.24 billion in the corresponding month of the previous year. Imports surged 40.3 percent to USD over a year to USD 6.49 billion, driven by sales of manufacturing (35.5 percent) products; fuels and products of extractive industries (130.5 percent); and agricultural products, food & beverages (45.1 percent). Meanwhile, exports rose 46.8 percent to a lower USD 4.97 billion, led by sales of fuels and products of extractive industries (85.1 percent), in particular coal, coke & briquettes (134.1 percent) and oil & derivatives (78.1 percent).Considering the January-March period of 2022, Colombia posted a trade deficit of USD 4.31 billion.
2022-05-16
Colombia Trade Gap Widens in February
Colombia’s trade deficit widened to USD 1.62 billion in February of 2022 from USD 0.97 billion in the corresponding month of the previous year. Exports rose 43 percent over a year to USD 4.2 billion, following a 44.8 percent jump in the previous month. Shipments grew primarily for fuels & mining products (55.9 percent), namely oil & derivatives (75.7 percent); and manufactured products (29.8 percent). Also, a significant increase was seen in sales of agriculture, food, and beverages (43.8 percent), of which coffee. Meanwhile, imports increased by 49.2 percent to USD 5.83 billion, driven by sales of manufacturing (51.3 percent), fuels and products of extractive industries (90.4 percent) and agricultural products, food & beverages (17.9 percent).
2022-04-21