Colombian exports rise sharply in January

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Colombia’s exports jumped 11.7% year-on-year to USD 3.4bn in January, improving sharply in comparison with the 1.9% y/y decline recorded in December, CEEMarketWatch reported referring to figures released by the statistics office DANE.

The expansion was mainly driven by fuels and coal and coke shipments which soared 27.3% y/y and 81.1% y/y, respectively. Agriculture exports rose by 5.4% y/y to USD 676mn during the month of reference, slowing by 6.1% compared to December’s hike.

On the negative side, the country’s manufacturing shipments dropped 17.3% y/y to USD 551mn, registering its worst monthly result since April 2017.

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