Colombia’s exports rose 37.2% in February to $3.95 billion versus the same month a year earlier, the DANE statistics agency said on Thursday.
Latin America’s No. 4 oil producer is expected to grow more than 5 percent this year as the economy continues on a recovery path from the global financial crisis.
Traditional exports — which include coal, oil, coffee and ferronickel — grew 52.2% to $2.73 billion compared with February 2010 while nontraditional exports such as flowers and chemicals increased 12 percent to $1.2 billion, it said.
The world’s fifth-largest coal exporter saw output of the material rise 13.5 percent to 6.1 million tonnes, worth $577 million in February versus a year ago, it said.
The value of oil and products exports went up 53.4 percent to $1.82 billion in the second month of the year compared with the same month of 2010, the agency said in a statement.
Nearly half of exports went to the United States — Colombia’s biggest trade partner — with the European Union coming in 2nd place with 15 percent.
The DANE will release imports and the trade balance for February on April 15.