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March 3, 2022
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Colombian exports grew 44.8% January 2022

Colombian exports grew 44.8% January 2022

In January 2022, Colombian exports registered by Dane and Dian reached 3,781.6 million dollars, which means an increase of 44.8% compared to January 2021. This was revealed by the most recent report from the National Administrative Department of Statistics, which added that this result was mainly due to the 71.6% growth in external sales of the Fuels group.

(Exports of coking coal increased 26% in 2021).

According to the balance, This result was mainly due to the 71.6% growth in external sales of the fuel group, which totaled US$2,092.4 million and contributed 55.3% of total exports.

Despite this, in January 2022, 14.9 million barrels of crude oil were exported, which represented a drop of 5.6% compared to January 2021.

The categories of agriculture, food and beverages (US$816.5 million), as well as manufacturing (US$690.7 million) also grew by 23.9% and 26.2%, respectively.

In January 2022, The United States was the main destination for Colombian exports with a 22.7% share in the total value exported; followed by Panama, Brazil, India, Turkey, China and Ecuador.

(Colombia seeks to boost food exports at Expo Dubai).

Now, when comparing the exports of January 2022 compared to the same month of 2020 (US$3,419.5 million), there is evidence of a growth of 10.6%, led by the manufacturing (25.3%) and agricultural divisions, food and beverages (20.8%).

In this periodthe Dane highlights the 411.4% growth in crude oil exports to India, which went from US$38.3 million in 2020 to US$195.9 million in 2022.

In this same period, exports to Panama grew by 88.2%, going from US$238.1 million in 2020 to US$448.1 million in 2022.

(Why the cyber attack on Invima would make products more expensive).

Between Panama and India, reports the Dane, contributed 10.1 percentage points to total exports this year.

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