Colombia - Net Exports





Colombia: Net Exports

Mnemonic NETEX.ICOL
Unit Mil. USD FOB/CIF
Monthly 46.68 %
Data Jul 2019 1,293
Jun 2019 882.09

Series Information

Source Bank of the Republic of Colombia
Release Foreign Trade
Frequency Monthly
Start Date 1/31/1980
End Date 7/31/2019

Colombia: Trade

Reference Last Previous Units Frequency
Net Exports Jul 2019 1,293 882.09 Mil. USD FOB/CIF Monthly
Balance of Goods 2019 Q2 -2,666 -2,662 Mil. USD, NSA Quarterly
Current Account Balance 2019 Q2 -3,239 -3,587 Mil. USD, NSA Quarterly
Exports of Goods 2019 Q2 13,547 12,806 Mil. USD, NSA Quarterly
Exports of Goods and Services 2019 Q2 42,019 41,530 Bil. COP, CDASA Quarterly
Imports of Goods 2019 Q2 16,213 15,468 Mil. USD, NSA Quarterly
Imports of Goods and Services 2019 Q2 56,507 56,781 Bil. COP, CDASA Quarterly
Real Exports of Goods and Services 2019 Q2 34,899 33,685 Bil. 2015 COP, CDASA Quarterly
Real Imports of Goods and Services 2019 Q2 52,249 50,135 Bil. 2015 COP, CDASA 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.

For more information, please visit: Source Website