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

Colombia trade deficit decreased to USD 0.93 billion in October of 2016 compared to a USD 1.73 billion gap a year earlier. Imports fell 20.0 percent to USD 3.61 billion, driven by a decrease in manufacturing purchases (-23.4 percent from -11.8 percent in September) and a fall in fuels and mining products (-32.4 percent from -44.2 percent). Exports declined 3.8 percent year-on-year to USD 2.68 billion, as sales fell for fuels and mining products (-9.4 percent from -8.1 percent in September) and agricultural goods (-13.0 percent from -16.1 percent). Colombia exported 17.3 million barrels of oil in October, compared to 27.0 million barrels a year earlier. Exports dropped to the US (-9.2 percent); China (-52.3 percent); and India (-83.2 percent). Since the beginning of the year, the country’s exports shrank 18.9 percent to USD 24.94 billion and imports declined 19.7 percent to USD 36.68 billion. Balance of Trade in Colombia averaged -0.10 USD Billion from 1980 until 2016, reaching an all time high of 1.02 USD Billion in December of 2011 and a record low of -1.96 USD Billion in July of 2015.

Colombia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-18 03:10 PM Aug $-1.24B $-1.16B $ -1.05B
2016-11-18 03:00 PM Sep $-1.24B $-1.23B $ -1.05B
2016-12-19 03:05 PM Oct $-0.93B $-1.24B $-1.05B $ -1.04B
2017-01-24 03:00 PM Nov $-0.93B
2017-02-17 03:00 PM Dec
2017-03-17 07:00 PM Jan




Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -0.93 -1.24 1.02 -1.96 USD Billion [+]
Exports 2.70 2.68 5.71 0.02 USD Billion [+]
Imports 3.61 3.95 6.08 0.27 USD Billion [+]
Current Account -3434.00 -2784.00 364.00 -6395.00 USD Million [+]
Current Account to GDP -6.50 -5.20 4.10 -6.50 percent [+]
External Debt -314.03 -260.50 4604.57 -3130.97 COP Billion [+]
Capital Flows -3331.43 -3050.81 359.83 -6346.99 USD Million [+]
Foreign Direct Investment 1965.89 3527.14 6776.22 197.17 USD Million [+]
Remittances 461.80 405.70 944.50 162.44 USD Million [+]
Gold Reserves 3.78 3.50 10.36 3.49 Tonnes [+]
Crude Oil Production 955.00 951.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 185.94 175.12 185.94 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.93 -1.24 1.02 -1.96 1980 - 2016 USD Billion Monthly



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