Colombia - Net Exports





Colombia: Net Exports

Mnemonic NETEX.ICOL
Unit Mil. USD FOB/CIF
Monthly 66.92 %
Data Mar 2021 1,608
Feb 2021 963.43

Series Information

Source Bank of the Republic of Colombia
Release Foreign Trade
Frequency Monthly
Start Date 1/31/1980
End Date 3/31/2021

Colombia: Trade

Reference Last Previous Units Frequency
Balance of Goods 2021 Q1 -3,941 -3,954 Mil. USD, NSA Quarterly
Current Account Balance 2021 Q1 -3,633 -3,098 Mil. USD, NSA Quarterly
Exports of Goods 2021 Q1 10,671 10,088 Mil. USD, NSA Quarterly
Exports of Goods and Services 2021 Q1 40,566 33,472 Bil. COP, CDASA Quarterly
Imports of Goods 2021 Q1 14,613 14,042 Mil. USD, NSA Quarterly
Imports of Goods and Services 2021 Q1 57,152 52,428 Bil. COP, CDASA Quarterly
Net Exports Mar 2021 1,608 963.43 Mil. USD FOB/CIF Monthly
Real Exports of Goods and Services 2021 Q1 29,595 26,113 Bil. 2015 COP, CDASA Quarterly
Real Imports of Goods and Services 2021 Q1 47,274 43,049 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.

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