Sunday, 29 November 2020

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.

MORE:  Imports to Colombia down during August

- paying the bills -

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

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).


- paying the bills -

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

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