Colombia exported 3,000 tons of dairy until October 2020

Published 2020년 12월 14일

Tridge summary

Despite a record-breaking year for dairy product imports, which saw a growth from 2019 but a decrease from 2017 and 2018, Colombia's trade balance for powdered milk and other dairy derivatives is heavily in deficit. The country imported over 65,000 tonnes and exported only 3,000 tonnes in the first ten months of 2020, leading to a significant imbalance. This situation is particularly noticeable when compared to the previous years, which experienced more favorable sales. The increase in imports in 2020 is attributed to a more favorable production and stockpiling situation due to better rainfall, although the year still does not rank highly for domestic market yields. The United States is the primary destination for these imports, but Colombia has also imported over 36,000 tonnes from the country, accounting for 39% of shipments.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Despite the fact that this year the record with the highest imports in history was already broken, sales of dairy products grew compared to 2019, although they fell compared to 2017 and 2018, when the results were more favorable. Undoubtedly, the trade balance for products such as powdered milk and other derivatives is in deficit by a wide margin: while more than 65,000 tonnes have been imported with the September cut-off, barely 3000 have been exported with the October cut-off. Indeed, the 495 t exported in the tenth month of the year culminated in this round figure of 3,000, which is equivalent to 11,351,000 dollars (FOB value) according to DANE statistics. (Read: Colombia imported 29 times more dairy than it exported in the first half of 2020) These data present a dilemma when compared with the last 4 years, since in the pandemic they grew compared to 2019 (they are already higher than those of all last year), but presented a notable decrease with the sales reached in 2017 and ...
Source: MXContexto

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