Colombia’s trade deficit widened to USD 0.6 bln in July 2023, up from USD 0.49 bln in July 2022, mainly driven by a sharp reduction in exports, which fell 30.8%, led by a 43.3% drop in fuels and extractive industry products. Agriculture and manufactured goods declined by 13.2% and 10.36%, respectively. Imports, too, decreased by 28.2%, marking the ninth consecutive monthly decline.