Last May, Colombia sold products worth 4,431.2 million dollars to the world, a figure that was 2.8 percent below that registered in the same month last year, according to what was revealed by the National Administrative Department of Statistics ( Dane), after explaining that Said behavior was mainly due to the 9.1 percent drop in exports of the group of fuels and products of the extractive industries, which for the fifth month of 2023 billed 2,251.3 million, compared to 2,475.5 million in May 2022.
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Foreign sales of the extractive industries were not the only ones that fell. Nor was it a good month for exports of the agricultural sector, food and beverages, a division that had a drop of 3.1 percent in May to 998.1 million dollars from the more than 1,030 million registered a year ago.
“In the reference month, exports of fuels and products from the extractive industries participated with 49.7 percent of the total value of exports; likewise, Manufacturing did so with 20.9 percent, Agriculture, food and beverages 22 percent and Other sectors with 7.3 percent,” said the statistics entity.
it should be noted that only In May, 18.2 million barrels of crude oil were traded internationally, which represented a growth of 31.1 percent compared to the same month of 2022.
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The manufacturing division, for its part, increased a 6.3 percent growth in its exports in the same reference month, going from 893.1 million dollars in May 2022 to more than 949 million a year later.
Exports in five months
According to what was reported by Dane, in the first five months of 2023, Colombian exports registered a drop of 10.1 percent, compared to the same period in 2022. In that period of this year, Colombia sold products to the world worth 20,600.7 million dollars.
Sales to the world of coffee without roasting, decaffeinated or not, showed a decrease of 27 percent in the first five months of this year.
Archive / WEATHER
The group of fuels and products of the extractive industries exported in those first five months of the year a value of 10,738.9 million dollars, 14 percent less than in the same period of 2022. This behavior was mainly due to the 28.3 percent drop in foreign sales of oil, oil derivatives, and related products.
A similar fall was registered by external sales of agricultural products, food and beverages, which totaled 4,343.3 million dollars, impacted by the decrease in sales of coffee without roasting, decaffeinated or not, a decrease of 27 percent.
Regarding the manufacturing line, in turn, exports totaled 4,141.3 million dollars, with a 1.1 percent drop compared to January-May 2022, as a consequence of the capture of exports of chemical products and related products. (10.7 percent).
