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Colombia Trade Balance (USD)

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Colombia Trade Balance (USD)

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Status

 
Latest Release
Oct 21, 2024
Actual
-1.313B
Previous
-0.616B
Trade balance, called also net export, is the difference between the value of country's exports and imports, over a period of time. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite. Positive trade balance illustrates high competitiveness of country's economy. This strengthens investors' interest in the local currency, appreciating its exchange rate.Exports free on board (f.o.b.) and Imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics. For some countries Imports are reported as f.o.b. instead of c.i.f. which is generally accepted. When reporting Imports as f.o.b. you will have the effect of reducing the value of Imports by the amount of the cost of insurance and freight.
Importance:
Country:
Currency: COP
Source: DANE:Carrera 59
Colombia Trade Balance (USD)
 
Release Date Time Actual Forecast Previous
Nov 20, 2024 (Sep) 10:00     -1.313B
Oct 21, 2024 (Aug) 10:00 -1.313B   -0.616B
Sep 19, 2024 (Jul) 10:00 -0.618B   -545.200B
Aug 16, 2024 (Jun) 10:00 -0.583B   -0.794B
Jul 19, 2024 (May) 10:00 -0.799B   -1.123B
Jun 20, 2024 (Apr) 10:00 -1.123B   -0.651B

Trade Balance (USD) Discussion

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