Colombia

Colombia’s trade deficit shrank to USD 0.9 bln in February from the corresponding month of the prior year’s USD 1.6 bln, its lowest in eight months. Imports declined by 13.2% YoY to a low of USD 5.06 billion, mainly due to lower purchases of manufactured products. On the other hand, exports dropped by 0.2% to USD 4.2 bln, as shipments for agricultural goods and manufacturing goods fell.