Saturday, July 24, 2021

Colombia imports up for September due to rise in oil imports

Colombia USA trade

Colombia’s imports climbed 10%, as compared to the same month last year, due to a major increase in oil imports, reported the Colombian government on Monday.

Imports increased from $4.68 billion for September 2012 to $5.15 billion for September 2013, according to a report released by the National Administrative Department of Statistics (DANE).

This after August saw a drop in national imports.

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MORE:  Imports to Colombia down during August

The main cause for the growth was reportedly a 43.8% surge in the import of refined fuels and mining products, along with a 7.3% rise in manufactured goods.

A net producer of combustibles, Colombia’s internal production was hampered in September by industrial strikes and guerrilla attacks on infrastructure.

MORE: Colombia’s oil production drops

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Through September, Colombia’s trade balance remains in surplus at $1.76 billion.

As of August of this year, the highest surpluses were with the United States ($2.85 billion), Panama ($2.1 billion) and the Netherlands ($1.3 billion).

Sources

The post Colombia imports up for September due to rise in oil imports appeared first on Colombia News | Colombia Reports.

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Rico
"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!

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