Friday, December 4, 2020

Logo Central America Link

Slump in oil prices hits Colombian trade balance

Wednesday, February 25, 2015


Following years of trade surpluses, Colombia ended the year 2014 with a record trade deficit due to decreased revenue of exports and growing imports.

The drop in exports was no surprise for the oil-producing country that has seen the global price of crude oil drop to approximately half its price in June.





Source: Colombia Reports