Colombia - Net Exports





Colombia: Net Exports

Mnemonic NETEX.ICOL
Unit Mil. USD FOB/CIF
Monthly 85.62 %
Data Nov 2019 1,869
Oct 2019 1,007

Series Information

Source Bank of the Republic of Colombia
Release Foreign Trade
Frequency Monthly
Start Date 1/31/1980
End Date 11/30/2019

Colombia: Trade

Reference Last Previous Units Frequency
Exports of Goods and Services 2019 Q4 42,688 42,226 Bil. COP, CDASA Quarterly
Imports of Goods and Services 2019 Q4 62,000 60,646 Bil. COP, CDASA Quarterly
Real Exports of Goods and Services 2019 Q4 33,215 33,515 Bil. 2015 COP, CDASA Quarterly
Real Imports of Goods and Services 2019 Q4 53,114 52,128 Bil. 2015 COP, CDASA Quarterly
Net Exports Nov 2019 1,869 1,007 Mil. USD FOB/CIF Monthly
Balance of Goods 2019 Q3 -3,921 -2,423 Mil. USD, NSA Quarterly
Current Account Balance 2019 Q3 -3,916 -2,886 Mil. USD, NSA Quarterly
Exports of Goods 2019 Q3 12,850 13,717 Mil. USD, NSA Quarterly
Imports of Goods 2019 Q3 16,772 16,141 Mil. USD, NSA Quarterly

Release Information

The Bank of the Republic of Colombia reports monthly data on Colombia's trade balance by its' components. Imports and exports are categorized by type of commodity and economic use. Figures are in millions U.S. dollars (Mil. UDS) and are not seasonally adjusted (NSA).

Trade balance is the difference (in monetary value) of a nation's exports and imports. A positive trade balance (trade surplus) indicates a greater monetary value of exports. A negative trade balance (trade deficit) means that the value of exports exceeds the value of imports. 

Major import products are categorized by type of commodity. Imports are also categorized by economic use or destination. Types of economic use or destinations include import of goods, intermediate goods and raw materials, and capital of goods. It is further categorized by type of industry. 

Exports are categorized as traditional and non-traditional. Traditional exports include coffee, coal, petroleum and its' derivatives, and Ferro-nickel. Non-traditional exports include bananas, flowers, non-monetary gold, emeralds, textiles, chemicals, paper, leather, and food products.

Data is subject to revisions and is preliminary for two years. 

In order to match the data from DANE, the Bank of the Republic of Colombia has elected to reclassify the exports of non-monetary gold and emeralds into the group of non-traditional exports.

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