Trade Resources Economy Brief Report of Colombia's Trade in June 2016

Brief Report of Colombia's Trade in June 2016

According to the statistics from Statistics Colombia, its volume of goods trade was USD35.87 billion from January to June in 2016, down 22.9% year-on-year (the same below). Exports fell by 25.7% to USD14.32 billion, and imports fell by 20.9% to USD21.55 billion. The trade deficit fell by 9.3% to USD7.22 billion.

In June, Colombia’s volume of goods trade fell by 13.9% to USD6.40 billion. Exports fell by 15.4% to USD2.72 billion and imports fell by 12.7% to USD3.69 billion. And the trade deficit fell by 3.9% to USD0.97 billion.

Since January to June, bilateral trade volume between Colombia and China grew by 26.1% to USD4.58 billion. Colombia’s exports to China fell by 54.0% to USD0.62 billion. It accounted for 4.3% of Colombia’s overall export, down 4.7%. And Colombia’s imports from China fell by 18.4% to USD3.96 billion. It accounted for 18.4% of Colombia’s overall imports, up 0.6% over the previous year. Colombia’s trade deficit with China fell by 4.7% to USD3.34 billion.

China was the second largest export market of Colombia and its 4th largest source of imports up to June in 2016.

Source: www.made-in-china.com
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