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Colombia's trade deficit soars in 2025 due to higher imports and lower sales of oil and coal
Colombia’s trade deficit soars in 2025 due to higher imports and lower oil and coal sales
ARCHIVE PHOTO: Panoramic view of the port of Buenaventura, Colombia, June 28, 2025. REUTERS/Javier Andrés Rojas · Reuters
Reuters
Wed, February 18, 2026, 12:32 a.m. GMT+9 1 min read
BOGOTÁ, Feb 17 (Reuters) - Colombia’s trade deficit surged 51.6% year-over-year during 2025, affected by increased imports amid economic recovery, as well as lower external sales of oil and coal, revealed Tuesday figures from the National Department of Statistics (DANE).
The red balance last year resulted from imports of $66.577.2 million and exports of $50.199.9 million.
While the value of imports Colombia made during 2025 increased by 10.3% year-over-year, exports grew a slight 1.3%, DANE specified in a statement.
Imports mainly increased due to the dynamism of domestic consumption in Latin America’s fourth-largest economy, whose GDP expanded 2.6% in 2025, up from 1.5% in 2024.
In contrast, the South American country reported a decline in dollar flows from oil and coal, its two main sources of foreign currency, amid a policy of shrinking extractive industries by the government to promote clean energy, as well as lower international prices.
In December alone, Colombia’s trade deficit widened by 42.3% year-over-year to $1.177.8 million.
In the last month of the past year, import value increased by 7.72% year-over-year to $5.718.3 million, while exports rose 1.34% to $4.540.5 million.
(Nelson Bocanegra Report)
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