Imports in Colombia fell 12% in November 2020; deficit in trade balance decreased

Imports to reached $ 4,1 billion CIF, a 12% YoY decrease. This behavior was mainly due to the decrease of 60.3% in the Fuels purchases, as highlighted in a report by the National Administrative Department of Statistics (Dane). In the period January-November 2020, Colombian imports were $ 39.3 billion CIF and registered a decrease of 19.1%, compared to the same period of 2019. Colombian imports from China participated with 23.9% of total imports; It was followed by external purchases from the United States, Mexico, Brazil, France, Germany and Korea. In November 2020, Colombian had a negative trade balance of $ 1.4 billion FOB, while in November 2019 there was a deficit of $ 1.6 billion.

Source: Valora Analitik