Colombia’s trade deficit decreased 41.6% in August

Colombia’s trade balance deficit fell 41.6% in August to $ 827.9 million, when compared to the same month last year, due to a greater reduction in imports amid the slowdown in consumption during the coronavirus pandemic. The deficit in august resulted from imports for $ 3,397.9 million and exports for $ 2,570 million, said the National Department of Statistics (DANE). In August, the value of imports fell by 27.4% year-on-year, while that of exports fell by 21.3%.

Source: Reuters