Imports in Colombia soared 18% in April driven by machinery and natural gas

Imports in Colombia soared 18% in April driven by machinery and natural gas
Imports in Colombia soared 18% in April driven by machinery and natural gas

10:44 AM

He Danny revealed that in April 2024, Imports in Colombia reached US$5,839.4 million and showed a growth of 18.1% compared to the same month last year.

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This behavior, he added, was mainly due to the 19.5% increase in the manufacturing group.

In fact, manufacturing had a weight of 73.6% in the total purchases of the Colombian productive system abroad. That is, 73 of every 100 dollars went to importing industrial goods.

As recorded by Dane, the largest purchases in the manufacturing category They were explained by the category of machinery and transportation equipment, which rose 19.5%.

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Meanwhile, imports of the group of fuels and products from the extractive industries were US$692.4 million, recording a growth of 46.9%.

“The product that contributed the most to the increase was natural and manufactured gas, which contributed 26.5 percentage points to the total variation of the group,” it was explained.

Despite this dynamic in these sectors, the line of agricultural products, food and beverages reported imports of US$841.9 million, for a decrease of 3%.

Notably In the accumulated between January and April of this year, the country’s imports already reach US$20,376.3 million4.7% below the behavior in the same part of 2023.

With these figures, the trade balance, that is, the difference between imports and exports in Colombia, is in deficit, and stands at -US$3,619.9 million (because more is being purchased than what is shipped).

 
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