Colômbia Balança Comercial

Colombia's trade deficit widened to USD 1.688 billion in August 2024, up from a USD 1.344 billion deficit in the same month last year. The increase in the deficit was due to increasing imports while exports declined. Imports to Colombia rose 4.6% year-on-year to USD 5.533 billion, marking the fourth increase in the last twenty-two months, driven by higher purchases of manufactured products (8.6%) and fuels and extractive industries (9.9%). Meanwhile, exports fell by 2.5% year-on-year to USD 3.845 billion, marking the eighteenth decrease in the past twenty months. This decline was primarily driven by a 14.4% drop in shipments from the fuels and extractive industries, with petroleum and derivative products falling by 10.1% and coal, coke, and briquette sales plummeting by 27.1%.