Colombia's trade deficit rose slightly to USD 1.08 billion in October of 2020 from USD 1.01 billion in the corresponding month of the previous year. Exports plunged 21 percent over a year earlier to USD 2.63 billion in October of 2020, dragged down by lower sales of fuels & mining products (-42.7 percent) and manufactured goods (-22.3 percent). Meantime, imports slipped 14.5 percent over a year earlier to USD 3.71 billion, on lower purchases of manufactured products (-16.1 percent) and fuels & extractive industry products (-30.1 percent). source: Dane, Colombia
Balance of Trade in Colombia averaged -0.22 USD Billion from 1980 until 2020, reaching an all time high of 0.81 USD Billion in December of 2011 and a record low of -1.97 USD Billion in January of 2015. 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 December of 2020.
Balance of Trade in Colombia is expected to be 1.20 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Colombia to stand at -0.30 in 12 months time. In the long-term, the Colombia Balance of Trade is projected to trend around 0.20 USD Billion in 2021 and -0.90 USD Billion in 2022, according to our econometric models.