Supply Chain Research

Colombian imports slumped 20% in October, though a smaller contraction in exports of 4% meant the trade deficit was 21% smaller than economists expected. Gold exports were the main positive, rising 92% – well ahead of the 9% growth in the global price over the same period. Coffee exports climbed 10%, beating the global average of a 2% decline. Weaker oil exports offset all this, however, with a 21% decline. The U.S. took much of the commodity growth, with exports from Colombia rising 20%, though lower shipments to Panama, Venezuela and other regional partners were a major offset.