Sunday, May 28, 2023

Colombia’s Imports Rose 13% in July From Year Earlier

Colombia’s imports rose 13 percent to $5.16 billion in July compared with the same month last year, the government statistics agency said today in a report on its website.

Colombia posted a $214 million trade deficit in July. The trade deficit compares with a median forecast for a $129 million surplus in a Bloomberg survey of 10 analysts.

Spending on imports has been boosted by an 8.1 percent appreciation in the Colombian peso this year, the fifth-biggest gain among 170 currencies tracked by Bloomberg, boosting spending on imports.

- Advertisement -

Finance Minister Mauricio Cardenas said Sept. 11 that the government is planning dollar purchases at the same time as the nation’s central bank in an effort to limit the peso’s appreciation.

In a bid to stem the peso’s rally, which hurts Colombian exporters, President Juan Manuel Santos said Sept. 7 that the government will continue to buy dollars in the spot market and urged the central bank to increase its own purchases of the greenback.

Source: Bloomberg

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn't look right, send us an email. The Q reviews and updates its content regularly to ensure it's accuracy.

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes 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!

Related Articles

Colombia has one of the lowest minimum wages in Latin America

QCOLOMBIA - 2023 starts and with it many of the workers...

Colombia and Venezuela reopen border crossing after 7 years

QCOLOMBIA - Colombia and Venezuela on Monday, September 26, 2022, reopened...
- paying the bills -


- paying the bills -


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!