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Remittance transfers emulate oil revenues in Colombia

Bogota, August 27 (Prensa Latina) Remittances sent to Colombia reached $6.417 billion during the first half of the year, consolidating the upward trend of these transfers received in the South American nation.

Taking into account data from the Bank of the Republic, the figure reached at the end of June emulates oil exports, which reached $6.491 billion and surpassed sales of traditional products such as coal and coffee.

Compared to the same period last year, when $5.627 billion were recorded, the increase was $864 million.

Between January and June 2024, remittances were 15 percent higher than the figure reported a year earlier.

In July 2025 alone, remittances broke the $1.1 billion barrier with an inflow of $1.158 billion.

Once this figure is added, by the end of the seventh month of the year, Colombia had received $7.665 billion.

In 2024, Colombia recorded a record remittance figure of more than $11.84 billion, representing a 17.4 percent increase compared to 2023.

jdt/ro/ifs

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