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NEWS

Colombian exports reported a 14 percent drop in March

Bogota, May 7 (Prensa Latina) Colombia's exports showed a 14.2% slump in past March compared to the same period in 2023, according to information disclosed on Tuesday by the National Administrative Department of Statistics (DANE).

The fall was mainly due to a 15.5% decrease in external sales of fuels and extractive industry products, which accounted for 49.9% of the total value with US$1,911 billion.

The largest decrease was recorded in exports of hard coal, coke and briquettes, with a drop of over 46%.

Manufacturing exports, on the other hand, reported a total of US$766.7 million, which meant a 16% decrease compared to March 2023.

Gold exports decreased by 25%, while agricultural products, food and beverages downed by 6.2% compared to the same period in 2023.

Past March, Colombia’s exports hit US%3.83 billion, according to DANE.

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