Colombia posts US$132 million trade deficit in July vs surplus year ago

Colombia posted a trade deficit of US$132 million in June compared with a surplus of $563 million in the same month in 2008, the national statistics department DANE said Wednesday.

In the first seven months of the year, the country posted a surplus of US$615 million, compared with a surplus of US$1.88 billion in the same period in 2008.

The country reported a trade surplus of US$471 million in 2008, compared with a deficit of $824 million in 2007.

The country’s imports in July, including freight and insurance costs, fell 7.8% from the same month in 2008, to US$3.18 billion, while imports in the first seven months declined 16% to US$18.75 billion.

Colombia reported its biggest surpluses with Venezuela, at US$2.71 billion, and the U.S., at US$1.34 billion.

The country registered the widest trade deficit with China at US$1.46 billion.

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