Trade balance deficit added US$10,861.9 million to September

Trade balance deficit added US$10,861.9 million to September

In October, Colombia’s trade balance deficit totaled US$10,861.9 million FOB so far this year until September. This was revealed on Tuesday by the National Administrative Department of Statistics (Dane) with the presentation of the monthly import report.

(A billionaire emits a million times more C02 than anyone else).

Specifically, for the ninth month of the year, exports were registered for US$43,828.9 million FOB, while imports were US$54,690.8 million FOB. This produced the aforementioned imbalance of US$10,861.9 million FOB, which grew by 0.8% compared to the previous year.

In 2022, external purchases totaled US$39,687.2 million FOB and sales to the world accounted for US$28,890.5 million FOB. The trade balance deficit for this period was US$10,796.7 million FOB.

(Colombia’s GDP grew 7% in the third quarter of 2022).

Only in September, the trade balance deficit was US$1,401.4 million for a month with foreign purchases for US$6,180.0 million and foreign sales for US$4,778.6 million. In the same month last year, the trade imbalance was US$928.7 million, accounting for US$3,996.0 million in imports and another US$3,067.3 million in exports.

In Latin America, as of September, Colombia has a trade deficit with Brazil of US$1,807.8 million; Mexico for US$1,717.5 million; Argentina with US$659.4 million and Bolivia with US$311.2 million.

(Grupo Argos reported income of $15.6 billion, as of September 2022).


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