Colombia’s trade balance recorded a US$ 791.7 million FOB (Free on Board) deficit in November 2017 following the US$ 1.165 billion FOB deficit in the same period of 2016, said the country’s statistics institute.
Despite a trade surplus in fuels and products of the extractive industries, the result was influenced by a deficit in the manufacturing group.
From January to November 2017, there was a deficit in the Colombian trade balance of US$ 6.692 billion FOB.
Meanwhile, imports decreased 4.3% in November 2017 compared to the same month of 2016, from US$ 4.165 billion CIF in November 2016 to US$ 3.986 billion CIF in the same month of 2017.
The decrease in Colombian imports was primarily due to a 3.7% drop in the manufacturing group.
The material has been provided by InstaForex Company – www.instaforex.com
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