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.

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Colombia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -1.80 0.81 -1.97 1980 - 2021 USD Billion Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-19 03:00 PM Feb $-1.0B $-1.2B $-1.3B
2021-05-14 03:00 PM Mar $-1.6B $-1.0B $ -1.4B
2021-06-22 03:00 PM Apr $-1.8B $-1.6B $-1.2B
2021-07-19 03:00 PM May $-1.3B $-1.8B $-1.4B
2021-08-13 03:00 PM Jun $-1.3B $ -0.5B
2021-09-17 03:00 PM Jul
2021-10-19 03:00 PM Aug
2021-11-16 03:00 PM Sep $ -1B


News Stream
Colombia Trade Deficit Widens in May
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.
2021-07-19
Colombia Trade Deficit Widens in April
Colombia's trade deficit widened to USD 1.80 billion in April of 2021 from USD 1.2 billion in the corresponding month of the previous year. Exports jumped by 56.3 percent year-on-year at USD 2.91 billion in April, while imports surged by 51.7 percent over a year ago to USD 4.70 billion.
2021-06-22
Colombia Trade Deficit Widens in March
Colombia's trade deficit widened to USD 1.60 billion in March of 2021 from USD 1.15 billion in the corresponding month of the previous year. Exports surged by 36.4 percent over a year earlier to USD 3.33 billion, as sales skyrocketed for agricultural goods, food & beverages (45.5 percent), fuels & mining products (43.9 percent) and manufactures (15.2 percent). Similarly, imports jumped 37.5 percent to USD 4.935 billion, amid steep increases in the purchases of agricultural goods, food & beverages (41.1 percent) and manufactures (43.2 percent). The largest export partners were the US (27.7 percent of total sales), China (14.0 percent) and Panama (5.1 percent), while imports came mainly from the US (24.8 percent), China (24.0 percent) and Mexico (6.0 percent).
2021-05-14
Colombia Trade Gap Narrows in February
Colombia's trade deficit narrowed to USD 0.96 billion in February of 2021 from USD 1.03 billion in the corresponding month of the previous year. Exports were unchanged over a year earlier at USD 2.94 billion, as lower sales of fuels & mining products (-12.9 percent) were offset by an increase in shipments of manufactured goods (14.4 percent), mainly chemical products (9.8 percent), and agricultural goods, food & beverages (8.0 percent), mostly unroasted coffee (7.5 percent) and beef (1.0 percent). Meantime, imports decreased 1.6 percent to USD 3.90 billion, due to a 24.2 percent plunge in fuels & mining products, while purchases increased among other groups of goods, mainly agricultural goods (5.2 percent) and manufactured products (0.1 percent). The largest import partners were China (24.8 percent of total imports), the US (24.3 percent), the EU (12.0 percent), Mexico (7.0 percent), and Brazil (5.0 percent).
2021-04-19

Colombia Balance of Trade
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.