Trade Balance in Colombia
Merchandise exports contract in April
Merchandise exports dived 55.6% year-on-year in April (March: -10.0% year-on-year). The outturn marked the largest decline since February 2022. Meanwhile, merchandise imports plunged 22.7% over the same month last year in April (March: -17.8% yoy), marking the weakest result since February 2022.
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 2.1 billion deficit in April (March 2023: USD 0.9 billion deficit; April 2022: USD 0.4 billion deficit). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 15.7 billion deficit in April, compared to the USD 14.0 billion deficit in March.
Colombia Trade Balance Chart
This chart displays Trade Balance (USD billion) for Colombia from 2013 to 2022.
Colombia Trade Balance Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -4.3 | -6.4 | -9.9 | -8.9 | -14.0 |