Colombian exports grew 53.1% in the first five months of the current year. This was certified this Wednesday by the National Administrative Department of Statistics (Dane), when publishing the monthly study on the dynamics of the country’s foreign trade.
(See: Coffee production in Colombia in the first half of 2022 fell 5%).
Between the period January-May 2022, Colombian foreign sales totaled US$22,982.4 million FOB (sale price), compared to the US$15,006.8 million FOB obtained in the same period last year.
This year’s behavior was led by a rebound of 84.1% in the category of fuels, which reached US$12,559.8 million FOB and which contributed 23.1 percentage points to the variation in this period.
Within this group the Petroleum and its derivatives had the best performance, growing 70.1% and adding US$8,404.3 million FOB in the first five months of 2022, compared to US$4,941.4 million FOB in the same period last year. In metric tons, foreign sales of Colombian crude grew 4.6%, going from 12,640,548 tons to 13,222,327 tons.
(See: Diversification, between orders from exporters to Petro).
In addition to this category, the division of manufactures grew 32.8% and that of food and agricultural products 33.2%.
As for destinations, the period January-May 2022, USA It was the main destination of Colombian exports, with a 25.6% share of the total value exported. They followed in their order of participation: Panama, India, China, Brazil, Turkey and Ecuador.
(See: Exports of auto parts from Colombia increased 16.5%).
Speaking specifically of the month of May, external sales totaled US$4,552.7 million FOB and grew 47% compared to the fifth month of last year, when they registered US$3,096.9 million FOB. In this period, the greatest variation, of 68.1%, was shown by the manufacturing division.
(See: There are 792 more national exporting firms than in 2020).
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