The value of Colombian exports In 2020 registered a drop of 21.4%

Published 2021년 2월 4일

Tridge summary

Colombian exports in 2020 decreased by 21.4% compared to the previous year, totaling US $ 31,056.5 million FOB, primarily due to a 39.5% drop in fuels and extractive industries products. Despite this, agricultural exports experienced a 6.9% growth. Manufacturing exports also saw a decrease of 16.2%. The United States was the main destination for Colombian exports, but the fall in crude oil exports to the country significantly contributed to the decrease in external sales. However, there was a notable increase in non-monetary gold sales. In December 2020, exports experienced a 9.0% decrease, with the United States still being the main destination.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the period January-December 2020, Colombian exports were US $ 31,056.5 million FOB and registered a decrease of 21.4%, compared to the same period in 2019, reported Dane. Those of the Fuels and extractive industries products group were US $ 13,310.5 million FOB and decreased 39.5% compared to the same period in 2019. This behavior was mainly due to the drop in foreign sales of Petroleum, petroleum products and related products (-45.2%), which contributed 32.7 negative percentage points. Exports of the group of Agricultural products, food and beverages were US $ 7,873.0 million FOB and presented a growth of 6.9%, compared to the same period of 2019, mainly as a result of higher sales of live cattle (157.7 %) that added 1.2 percentage points to the group variation. The external sales of the Manufacturing group were US $ 6,945.6 million FOB and registered a decrease of 16.2%, compared to January-December 2019, this behavior was mainly due to the fall in exports of Manufactured ...

Source: El Economista America