Colombia's Trade Deficit Widens in February 2025 Amid Shifting Export-Import Dynamics

INSUBCONTINENT EXCLUSIVE:
from the National Administrative Department of Statistics (DANE).The gap reflects a 0.8% annual drop in exports to $3.78 billion and a 9.1%
surge in imports to $5.3 billion
Over January-February 2025, the cumulative deficit hit $2.52 billion, a 36.5% increase from early 2024.Export declines centered on coal and
petroleum products, with fuel sector shipments falling 17.5% by value
This outweighed growth in agricultural goods like coffee (up 68%) and gold (up 38%)
absorbing 28.8% of exports, though China has become the largest import source, driving a bilateral deficit of $1.24 billion in January 2025
alone.Imports climbed to $5.38 billion in January 2025, led by manufactured goods (74% of purchases) and agricultural products
February 2025 Amid Shifting Export-Import Dynamics
(Photo Internet reproduction)Regional trade provided partial relief, with surpluses of $108 million with Ecuador and $55 million with
Venezuela
2025Fuel exports fell 10.5% in February despite stable oil prices
Meanwhile, domestic demand for foreign goods grew 8.5% year-over-year, outpacing the 1.7% expansion in non-mining exports.Analysts note the
deficit aligns with OECD projections of 2.8% GDP growth for Colombia in 2025, highlighting reliance on consumption-driven expansion
With manufacturing imports dominating and key exports remaining volatile, policymakers are under pressure to stabilize trade flows.They aim
to achieve this through industrial upgrades and targeted export incentives