Colombia Balance of Trade  1980-2017 | Data | Chart | Calendar | Forecast

Colombia trade deficit narrowed to USD 0.92 billion in January of 2017 from a USD 1.65 billion gap in 2016, as exports recorded the biggest gain since November 2011 and imports increased slightly. Exports jumped 39.9 percent year-on-year to USD 2.61 billion, boosted by sales of fuels and mining products (68 percent vs 43 percent in December) and agricultural goods, food and beverages (23.8 percent vs 50.6 percent). Colombia exported 17.5 million barrels of oil in January, a decrease of 22.4 percent compared to 22.5 million barrels a year earlier. Imports went up 0.3 percent to USD 3.53 billion, as manufacturing purchases rebounded (0.8 percent vs -3.3 percent) while those of fuels and mining products fell further (-20.8 percent vs -15.5 percent). Balance of Trade in Colombia averaged -0.16 USD Billion from 1980 until 2017, reaching an all time high of 0.81 USD Billion in December of 2011 and a record low of -1.98 USD Billion in January of 2015.

Colombia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-24 03:00 PM Nov $-1.47B $-0.93B $-0.857B $-0.95B
2017-02-17 03:00 PM Dec $-0.67B $-1.47B $-0.6B $-1B
2017-03-17 03:00 PM Jan $-0.92B $-0.64B $-0.3B $-0.35B
2017-04-20 03:00 PM Feb $-0.92B
2017-05-18 03:00 PM Mar
2017-06-20 03:00 PM Apr




Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -0.92 -0.64 0.81 -1.98 USD Billion [+]
Exports 2.61 3.37 5.71 0.02 USD Billion [+]
Imports 3.53 4.04 6.08 0.28 USD Billion [+]
Current Account -2555.00 -3434.00 364.00 -6395.00 USD Million [+]
Current Account to GDP -6.50 -5.20 4.10 -6.50 percent [+]
External Debt 116216.15 116008.74 116216.15 -3130.97 COP Billion [+]
Capital Flows -2321.86 -3331.43 359.83 -6346.99 USD Million [+]
Foreign Direct Investment 3053.79 1965.89 6776.22 197.17 USD Million [+]
Remittances 379.50 454.80 944.50 162.44 USD Million [+]
Gold Reserves 5.76 3.78 10.36 3.49 Tonnes [+]
Crude Oil Production 955.00 951.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 175.53 177.29 185.94 73.87 Index Points [+]
Terrorism Index 5.95 6.24 7.16 5.58 [+]



Colombia Balance of Trade Notes

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. This page provides - Colombia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.92 -0.64 0.81 -1.98 1980 - 2017 USD Billion Monthly



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