Colombia - Balance of Goods





Colombia: Balance of Goods

Mnemonic TRBG.ICOL
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 41.54 %
Data 2021 Q2 -5,467
2021 Q1 -3,862

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
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
Exports of Goods and Services 2021 Q2 42,352 39,385 Bil. COP, CDASA Quarterly
Imports of Goods 2021 Q2 16,444 14,599 Mil. USD, NSA Quarterly
Imports of Goods and Services 2021 Q2 66,804 59,680 Bil. COP, CDASA Quarterly
Net Exports Jun 2021 1,875 1,269 Mil. USD FOB/CIF Monthly
Real Exports of Goods and Services 2021 Q2 28,251 29,400 Bil. 2015 COP, CDASA Quarterly
Real Imports of Goods and Services 2021 Q2 51,769 48,614 Bil. 2015 COP, CDASA Quarterly

Release Information

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

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

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.

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.