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05 Apr 2019, Radoslav Yordanov, EMIS Editor

Colombian exports up 6.1% y/y in February

Colombia’s total exports rose 6.1% year-on-year in February, breaking a 2-month negative trend, CEEMarketWatch reported citing figures released by the statistics institute DANE.

The sharp improvement was mainly driven by the fuel component, which contributed 3.9% to the total growth. In this regard, DANE underlined the positive swing of fuels and extraction component, which expanded 7.1% y/y in February recovering from the 17.6% y/y decline recorded in January.

The positive performance of the Colombian shipments during the month of reference was also underpinned by agricultural, foods and manufacturing exports, which increased by 8.9% y/y and 8.6% y/y, respectively.

On the negative side, the country’s exports fell 1.2% y/y during the first two months of the year, showing that February improvement wasn’t enough to offset the decrease posted in January.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: CEEMarketWatch

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