Colômbia Balança Comercial

Colombia's trade deficit widened to USD 0.963 billion in July 2024, up from USD 0.814 billion in the same month last year. The increase in the deficit was due to a 12.9% year-on-year surge in imports to USD 5.581 billion, outpacing the increase in exports. This increase was driven by higher imports of manufactured products (18.0%) and fuels and extractive industries (4.9%). Meanwhile, exports rose by 10.8% year-on-year to USD 4.618 billion, marking the second increase in the past nineteen months. This rise was largely due to higher exports from fuels and extractive industries (6.3%), with coal, coke, and briquette sales surging by 30.4%, while exports of manufactured goods (7.8%) and agricultural products and foods (13.9%) also increased.