Colombia registers record trade deficit due to falling oil prices and cheap peso
Following years of trade surpluses, Colombia ended the year 2014 with a record trade deficit due to decreased revenue of exports and growing imports.
Following years of trade surpluses, Colombia ended the year 2014 with a record trade deficit due to decreased revenue of exports and growing imports.
Colombia’s trade with the world has been growing at record levels but continues to show a deficit, according to government statistics agency DANE.