Colombia's trade deficit widened to USD 1.3 billion in May of 2021 from USD 0.7 billion in the corresponding month of the previous year. Exports jumped by 39.4 percent year-on-year to USD 3.1 billion in April, while imports surged by 52 percent over a year ago to USD 4.4 billion. source: Dane, Colombia
Balance of Trade in Colombia averaged -0.24 USD Billion from 1980 until 2021, 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 July of 2021.
Balance of Trade in Colombia is expected to be -1.00 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 -1.20 in 12 months time. In the long-term, the Colombia Balance of Trade is projected to trend around -1.20 USD Billion in 2022 and -0.90 USD Billion in 2023, according to our econometric models.