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Economy

Colombia’s May exports up 28% on-year

by Leo Palmer July 8, 2010
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Colombia’s exports rose 28% in May compared with the same month last year, according to statistics agency DANE, Reuters reports.

Exports rose to $3.51 billion in May 2010, up from $2.74 billion in May 2009, with traditional exports increasing 51% to $2.14 billion.

Colombia’s traditional exports are oil, coal, ferronickel and coffee.

The government said on Wednesday that the rise was driven by petroleum and related products.

Exports for the January-May period increased by 26.6% in comparison to the same period in 2009, to $16.13 billion, with traditional exports growing by 58.1%, according to DANE.

The Colombian Central Bank announced last month that the current account deficit was $1.39 billion in the first quarter, up from $1.01 billion in the same period last year.

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Colombia News | Colombia Reports
  • News
    • General
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    • War and peace
    • Elections
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    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
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    • Cities
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  • Profiles
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