Latest reading: Merchandise exports increased 0.6% over the same month last year in March (February: +13.7% year-on-year). March’s outturn marked...
Merchandise Trade Balance in Colombia
In the year 2024, the merchandise trade balance in Colombia was USD -9.16 billion, compared to USD -4.64 billion in 2014 and USD -6.81 billion in 2023. It averaged USD -8.99 billion over the last decade. For more trade information, visit our dedicated page.
Colombia Trade Chart
Note: This chart displays Trade Balance (USD billion) for Colombia from 2024 to 2023.
Source: Macrobond.
Colombia Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -9.9 | -8.9 | -14.0 | -12.2 | -6.8 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Colombian trade projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Colombian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Colombian trade projections.
Want to get access to the full dataset of Colombian trade forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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Indonesia: Merchandise exports grow at a slower pace in March -
Mexico: Merchandise exports increase in April Latest reading: Merchandise exports rose 5.8% in annual terms in April, following March’s 9.6% increase, amid higher mining and manufactured... -
Japan: Exports lose further steam in April Latest reading: Yen-denominated merchandise exports increased 2.0% annually in April. The print was in line with market expectations and was... -
Malaysia: Merchandise exports growth soars in April Latest reading: Merchandise exports jumped 25.7% on an annual basis in April (March: +13.6% year-on-year). April’s figure marked the strongest... -
Singapore: Non-oil domestic exports gain steam in April Latest reading: Non-oil domestic exports (NODX) shot up 12.4% in annual terms in April, following March’s 5.4% increase. The jump... -
India: Merchandise exports gain steam in April Latest reading: Merchandise exports rose 9.0% on an annual basis in April (March: 0.7% yoy), the sharpest increase in six... -
Peru: Merchandise exports accelerate in March Latest reading: Merchandise exports shot up 26.5% over the same month last year in March (February: +18.1% year-on-year). This reflected...