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Economy

January imports down 3.1%; imports from US slump

by Adriaan Alsema March 17, 2010
1.2k

Colombia news - Barranquilla dock

Colombia imported $2.7 billion of goods and services in January, including freight and insurance costs, down 3.1% from January 2009, the country’s national statistics agency, DANE, said Tuesday.

Imports of U.S. origin fell to 24.8% of the total, down from 36.5% in the same period last year, led by an 88.3% slump in imports from the aerospace sector. Imports from the U.S. fell to $669 million in January, from $1.02 billion in January last year.

Despite this, the U.S. remains by far Colombia’s biggest trading partner. Imports from China fell to $310 million from $321 million in the same period in 2009. Imports from France, Argentina and Israel all rose sharply.

Colombia posted a trade surplus of $359 million in January, compared to a $102 million deficit in January 2009. The country had a $661 million surplus with the U.S., a $108 million surplus with the Low Countries, and a $66 million surplus with Venezuela, DANE said.

The largest deficits were registered with Mexico ($144 million), France, China and Argentina. (Matthew Bristow / Dow Jones)

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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion