Colombia Exports

Exports in Colombia decreased to 4.27 USD Billion in February of 2014 from 4.78 USD Billion in January of 2014. Exports in Colombia is reported by the Dane, Colombia. Exports in Colombia averaged 0.88 USD Billion from 1958 until 2014, reaching an all time high of 5.71 USD Billion in March of 2012 and a record low of 0.02 USD Billion in December of 1963. Colombia´s economy is highly dependent on exports of commodities. Oil and coal exports account for 59 percent of total shipments and gold for 5 percent. Yet, in recent years, other products such as chemicals, machinery and cut flowers have been gaining importance. Colombia´s main exports partners are: United States (36 percent of total exports), China (6 percent), Spain (5 percent) and Venezuela (4 percent). Others include: Netherlands, Chile, Ecuador, Peru, India, Brazil, and United Kingdom. This page provides - Colombia Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.27 4.78 5.71 0.02 4.61 | 2014/03 1958 - 2014 USD Billion Monthly


Colombia Exports

Trade Last Previous Highest Lowest Forecast Unit
Current Account -3395.80 2013-11-15 -3784.80 355.90 -3784.80 -3486.69 2014-03-31 USD Million [+]
Current Account to GDP -3.40 2013-12-31 -3.20 4.10 -5.30 -3.42 2014-12-31 Percent [+]
Capital Flows 4374.93 2013-11-15 5638.00 5638.00 -709.42 4664.47 2014-03-31 USD Million [+]
Crude Oil Production 986.00 2013-10-15 995.00 1031.00 356.00 1022.86 2013-11-30 Thousands Barrels per Day [+]
External Debt -50.74 2014-02-15 3847.52 4018.45 -3130.97 -285.43 2014-03-31 COP Billion [+]
Foreign Direct Investment 4157.60 2013-11-15 4967.40 6773.10 197.20 4885.50 2014-03-31 USD Million [+]
Gold Reserves 10.35 2013-12-31 10.35 10.35 6.86 Tonnes [+]
Remittances 1049.31 2013-11-15 1035.46 1311.91 162.44 1059.22 2014-03-31 USD Million [+]
Balance of Trade -0.07 2014-01-15 0.34 0.81 -1.02 0.20 2014-02-28 USD Billion [+]
Exports 4.27 2014-02-15 4.78 5.71 0.02 4.61 2014-03-31 USD Billion [+]
Imports 4.84 2014-01-15 4.94 5.55 0.28 4.46 2014-02-28 USD Billion [+]

Exports | Notes
Exports measure the amount of goods or services that domestic producers provide to foreign consumers by. It is a good that is sent to another country for sale. In the past, export of commercial quantities of goods normally required involvement of the customs authorities in both the country of export and the country of import. More recently, with the advent of small trades over the internet such as through Amazon and e-Bay, exports have largely bypassed the involvement of Customs in many countries due to the low individual values of these trades. Nonetheless, these small exports are still subject to legal restrictions applied by the country of export.


Colombia Leaves Rates on Hold  
At its March 21st, 2014 meeting, Central Bank of Colombia left the benchmark interest rate steady at 3.25 percent and decided to extend its dollar purchase program, and buy up to $1 billion through June.
Colombia Posts $0.7B Trade Deficit  
In the first month of 2014, Colombian trade balance turned into a USD 0.7 billion gap, down from a USD 0.34 billion surplus in the previous month. Compared with the same month last year, the trade gap narrowed 79 percent, as imports shrank at a faster pace than exports.
Colombia Leaves Monetary Policy Unchanged  
At its February 28th, 2014 meeting, Central Bank of Colombia decided to leave the benchmark interest rate unchanged at 3.25 percent, as widely expected, saying that interest rates remain at levels that stimulate aggregate spending.
Colombian Trade Balance Returns to Surplus  
In December of 2013, Colombia’s trade balance turned into a USD 340 million surplus, up from a revised USD 100 million deficit in the previous month. A year earlier, the country recorded a USD 410 million surplus.
Colombia Holds Interest Rate Steady  
Colombia's central bank maintained its benchmark interest rate at 3.25 percent as expected as inflation continues to converge toward the bank’s 3.0 percent target and the economy is poised to pick up pace in 2014.
Colombia Trade Deficit Narrows in November  
Colombia trade balance turned into a USD 100 million deficit in November of 2013, decreasing from a USD 510 million deficit in the previous month and a USD 320 million deficit a year earlier. Exports rose 2.5 percent yoy, after falling in the previous two months.
Colombia Leaves Key Policy Rate on Hold in December  
At its December 20th meeting, Central Bank of Colombia decided by a unanimous vote to leave the benchmark interest rate unchanged at 3.25 percent, as the economy is improving.
Colombia Posts Trade Deficit for the Second Straight Month  
In October of 2013, Colombian trade balance turned into a deficit of USD 0.5 billion, from USD -0.3 billion in the previous month and a surplus of USD 0.23 billion last year. While exports recorded the second highest annual drop this year, imports from the US surged 20.5 percent.
Colombia Monetary Policy Unchanged in November  
Colombia’s Central Bank decided on November 27th to leave the benchmark interest rate on hold at 3.25 percent for the eight straight time, as widely expected.
Colombia Posts Trade Deficit in September  
In September of 2013, Colombian trade balance turned into a 0.3 USD billion deficit, from a 0.23 billion USD surplus a year earlier, as non-monetary gold sales reported a large drop, while imports were up by 10 percent.


US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.

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