FX.co ★ Colombia Trade Gap Narrows in November

In November 2025, Colombia experienced a reduction in its trade deficit, narrowing to approximately $1.87 billion from $2.28 billion compared to the previous year. Imports saw a modest increase of 0.3% year-on-year, reaching $5.89 billion. This growth was largely fueled by a 2.9% rise in the acquisition of manufactured goods. Within this sector, notable increases were observed in machinery and transport equipment, which surged by 7.8%, and in chemicals and related products, which rose by 1.8%. The importation of agricultural, food, and beverage products also saw an uptick of 4.1%, primarily driven by increased purchases of food products and live animals, which went up by 4.5%. Conversely, imports in the fuels and extractive industry category witnessed a significant decline of 21.6%, primarily due to reduced purchases of petroleum and petroleum-related products, which fell by 19.9%. On the export front, there was a 2.7% year-on-year decrease, bringing the total to $4.02 billion. This decline was mainly attributed to a substantial 26.0% drop in exports of fuels and extractive products, highlighted by a dramatic 47.4% reduction in coal and related product sales, alongside a 16.4% decrease in petroleum and petroleum products exports.