Colombia export growth jumps in SeptemberStaff Writer | November 3, 2017
In September, exports in Colombia expanded a robust 19.3% year-on-year, a strong acceleration from August’s meager 1.5% growth.
LatAm LatinFocus Consensus Forecast
In August—the most recent month for which data is available—imports contracted 0.6% in annual terms, strongly contrasting the revised 12.2% expansion recorded in July (previously reported: +11.8% year-on-year).
The contraction was the result of a sharp drop in oil and hydrocarbon imports.
Meanwhile, the trade deficit totaled $0.9 billion in August, narrowing from the $1.0 billion shortfall recorded in the same month last year.
Panelists participating in the LatinFocus Consensus Forecast expect that exports will expand 6.3% in 2018, which is unchanged from last month’s estimate and will also grow 6.3% in 2019. ■