FX.co ★ Colombia Trade Deficit Widens Sharply in October

In October 2025, Colombia experienced a broadening of its trade deficit to $2.28 billion, compared to $1.42 billion in October of the previous year. This shift was primarily due to a 14.9% surge in imports, which reached $6.58 billion. The most significant increase was seen in the purchase of manufactured goods, which grew by 20.2%. Specifically, the importation of machinery and transport equipment rose by 24.7%, and chemicals and related products saw a 14.9% uptick. Additionally, the import of agricultural, food, and beverage products expanded by 13.1%, driven by a 17.5% increase in food products and live animals. Conversely, there was a 12.6% decrease in imports of fuels and extractive industry products, predominantly due to a steep 56.9% decline in natural and manufactured gas purchases. On the export side, there was a slight decline of 0.2% year-on-year, significantly influenced by a 19.0% reduction in exports of fuels and extractive products, with petroleum and petroleum product exports falling by 22.1%.