FX.co ★ Colombia’s Trade Deficit Widens in January

Colombia’s trade deficit widened to $1.65 billion in January 2026, up from $1.60 billion in the same month a year earlier. Imports increased 9.7% to $5.90 billion, driven primarily by a 14.1% rise in manufactured goods. Imports of agricultural products, food, and beverages also climbed sharply, up 13.2%. By contrast, imports of fuels and extractive products fell 24.6%. China remained Colombia’s largest supplier, accounting for 31.0% of total imports, followed by the United States, Mexico, and Brazil.

Exports rose 12.6% to $4.25 billion, marking the strongest year-on-year growth since April 2024. The expansion was led by a 108.4% surge in the “Other Sectors” category, mainly reflecting higher shipments of non-monetary gold, and a 23.0% increase in exports of agricultural products, food, and beverages, supported by stronger sales of unroasted coffee and bananas. In contrast, exports of manufactured goods declined 4.4%, while exports of combustibles and extractive products fell 7.2%. The United States remained Colombia’s main export destination, absorbing 31.9% of total exports, followed by Panama, India, Canada, Italy, Brazil, and Ecuador.