Colombia’s exports continue to decline, in a trend that began in December, after two years of growth. According to Dane, last January foreign sales reached 3,694 million dollars.
The fall was 2.8 percent compared to the same month in 2022, mainly due to a 4.5 percent decrease in exports of the fuel group.
Sales of fuels and products from the extractive industries fell to 2,017 million dollars due to a reduction in oil sales.
According to the entity, this behavior is mainly explained by the decrease in oil sales, as well as oil derivatives and related products, which registered -19.2%. These factors contributed -11.6 percentage points to the group variation.
During January, 11,378 million barrels of crude oil were exported, a 17.4 percent drop compared to the same month in 2022.
Sales of agricultural products, food and beverages fell 9.9 percent in January 2023.
On the other hand, the manufacturing sector participated with 18.7% of the total external sales, registering 691.5 million dollars. This division presented a positive variation of 0.1 percent, compared to the same period in 2022.
The Dane distinguished that the behavior was explained by the increase in the sales of manufactured articles, classified mainly according to the material, which registered 24.0 percent, and contributed 7.4 percentage points to the variation.
The countries with the most sales
According to the information provided in the Dane foreign trade document, the main export destination for the month of January was the United States, with a 22.9 percent share of the total value exported. Next is Panama, which emerged with a 9.9 percent share, like China, which consolidated itself as the third country to which most exports are made with 7.2 percent cooperation. For the Asian giant, sales this month represented growth that was explained by higher sales of crude oils. The data for 2022 was 4.1 percent.
The Netherlands positioned itself as the fourth country with the most sales abroad, with a share of 6.2 percent. Continuing is Mexico (4.1%), Brazil (3.5%), Spain (3.5%) and other countries with 42.5 percent. However, it should be remembered that one of the products that is most sold abroad is coffee, so of the 239.7 million dollars declared in January 2023; 67.3 percent embarked in the same month and 32.7 percent in December 2022.
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