Colombia - Exports of Goods

Colombia: Exports of Goods

Mnemonic	TREG.ICOL
Unit	Mil. USD, NSA
Adjustments	Not Seasonally Adjusted
	Quarterly	2.23 %
Data	2021 Q2	10,976
	2021 Q1	10,737

Series Information

Source	Bank of the Republic of Colombia
Release	Balance of Payments
Frequency	Quarterly
Start Date	3/31/2000
End Date	6/30/2021

Colombia: Trade

	Reference	Last	Previous	Units	Frequency
Exports of Goods and Services	2021 Q3	50,964	41,860	Bil. COP, CDASA	Quarterly
Imports of Goods and Services	2021 Q3	74,900	68,001	Bil. COP, CDASA	Quarterly
Real Exports of Goods and Services	2021 Q3	31,479	28,277	Bil. 2015 COP, CDASA	Quarterly
Real Imports of Goods and Services	2021 Q3	55,431	52,575	Bil. 2015 COP, CDASA	Quarterly
Net Exports	Aug 2021	2,030	1,419	Mil. USD FOB/CIF	Monthly
Balance of Goods	2021 Q2	-5,467	-3,862	Mil. USD, NSA	Quarterly
Current Account Balance	2021 Q2	-4,635	-3,344	Mil. USD, NSA	Quarterly
Exports of Goods	2021 Q2	10,976	10,737	Mil. USD, NSA	Quarterly
Imports of Goods	2021 Q2	16,444	14,599	Mil. USD, NSA	Quarterly

Release Information

Description

For Colombia, detailed quarterly balance of payments under the IMF BPM6 framework.

Properties

Active:

Framework: BPM6
Measurement: Millions of U.S. dollars (Mil. USD)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Quarterly
Start date: Uniformly 2000Q1

Predecessor:

BPM5 - 1996 to 2013

Methodology

According to the International Monetary Fund website, the Balance of Payments data is disseminated for the following:

Exports and imports of goods and services
International trade in goods
Exports and imports of services
Receipts and payments for services
Net income receipts
Net current transfers
Direct investment and portfolio investment (foreign investment in Colombia and Colombian investment abroad)
Loans
Commercial credit
Other capital and financial transactions (short-term and long-term)
Changes in international reserves
Source

The conceptual and methodological criteria under which the compilation of statistics on the balance of payments is done according to the Colombia Manual balance of payments and international investment position IMF International Monetary Fund, IMF, and Sixth Edition (BPM6).

The compilation of balance of payments (BOP) in Colombia is made by the Banco de la República (BR) based on a wide range of sources of information which is accessed through regulations issued directly by the Bank or by establishing agreements agency. The structure of information sources is composed of:

administrative records
reports obtained through the system ITRS (SINTI), which in the case of Colombia, not only covers made through the local financial system but also made through deposit accounts in foreign banks registered with the BR
accounting reports both financial companies and non-financial
access to specialized international data bases
Estimates that follow the parameters BPM6 established methodology, in cases where no direct information is counted.

Building statistics BP takes into account its consistency with other macroeconomic statistics as Rest of World Account System of National Accounts SNA statistics of foreign trade in goods and monetary and financial statistics.

Moody's Analytics supplements

For the current accounts balance, we have extended the history to 1996. We have constructed a seasonally adjusted supplement.

Revisions

The data is preliminary when released. The data is set as "final" 12 months after the reference date. The Bank of the Republic of Colombia reserves the right to change "finalized" data.