It is attributed to the fall of products such as oil, coffee, plastics and iron.
Courtesy National Association of Foreign Trade (Analdex) with data from DANE.
According to export data analyzed and provided by DANE and DIAN, in November 2023, the country’s exports totaled US$4,151.8 million FOB, reflecting a decrease of 9.0% compared to the same month of 2022. This The contraction is mainly attributed to the 19.1% reduction in exports of fuels and products from the extractive industries.
During the reference month, exports of fuels and products from the extractive industries represented 51.0% of the total FOB value of exports; while the manufacturing component contributed 19.8%, agriculture, food and beverages with 21.5%, and other sectors with 7.8%. In November 2023, 12.9 million barrels of crude oil were exported, reflecting a drop of 22.6% compared to November 2022.
2019 y 2023
On the other hand, in November 2019, Colombian exports amounted to US$2,943.6 million FOB. When comparing the tenth month of 2023 with the same month of 2019, an increase of 41.0% is observed, mainly due to the 36.2% increase in external sales of the Fuels and Extractive Industries Products group.
Likewise, in the period from January to November 2023, an increase in Colombian external sales of 24.7% was recorded, compared to the same period in 2019. Exports of agriculture, food and beverages experienced an increase of 36%. ,1%. For its part, external sales of fuels and products from the extractive industries increased by 16.3%, manufacturing increased by 22.2%, and other sectors grew by 96.0%.
Because?
The decrease in the value of Colombian exports was mainly explained by the reduction in sales to the rest of the world of products such as oil and its derivatives (-18.7%), thermal coal (-25.2%), coffee (-30.9%), plastics in primary forms (-34.3%) and iron and steel (-26.4%).
Risaralda
In contrast, exports in Risaralda experienced a notable increase of 38.5% between November 2022 and November 2023, reaching a total of US$52,990 FOB for the eleventh month of last year. In the period from January to November 2023, Risaralda achieved a total of US$505,560 FOB, representing a variation of 28%.