Colombian exports grow 11.4% in February driven by gold and agriculture

Colombia's exports reached US$4.211.6 million in February, up 11.4%, according to the Dane. Non-monetary gold and the agricultural sector drove the rise, while fuels, coal, and manufacturing saw declines.

The Dane reported that Colombian exports started February at US$4,211.6 million, a 11.4% increase. The 'other sectors' category grew 141%, driven almost entirely by non-monetary gold, which became the month's main driver.

The agricultural, food, and beverages sector totaled US$1,273.1 million, up 11.3%. Banana exports rose 172.4%, and palm oil increased 110.8%.

By contrast, fuels and extractive industry products fell 6.4%, hit by lower coal, coke, and briquette sales, though exported oil volume grew 11.8%. Manufacturing exports hit US$760.2 million, down 6.8%.

From January to February, exports summed US$8,470.2 million, up 12.1%. The United States took 31.2% of the total, boosted by gold and oil, while China lost momentum due to lower crude shipments.

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Vibrant Bogota street market with shoppers, rising GDP graph on billboard, representing Colombia's 3.6% economic growth in Q3 2025.
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Colombia's GDP grows 3.6% in third quarter of 2025

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Colombia's gross domestic product grew 3.6% in the third quarter of 2025, exceeding market expectations and marking the strongest expansion since 2022. The result was mainly driven by public spending and sectors such as commerce and public administration. However, activities like mining and construction showed contractions.

Colombia's agricultural exports hit a record in 2025, rising 33.5% in value and 20.1% in volume compared to 2024, per DANE data. This surge boosted rural employment to 4.8 million people and accounted for 30.5% of the nation's total external sales.

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Colombia's total imports in 2025 amounted to US$70.502.1 million, a 10% increase from 2024, mainly driven by the manufacturing sector. In December of that year, external purchases reached US$6,050.7 million, up 7.1%. This trend highlights increased acquisitions in machinery and agricultural products.

South Korea's exports expanded 14.9 percent year-on-year in the first 20 days of January, reaching $36.36 billion, fueled by strong semiconductor demand. Imports grew 4.2 percent to $36.98 billion, resulting in a $600 million trade deficit. Data from the Korea Customs Service underscores ongoing growth in key sectors.

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South Korea's exports expanded 23.5 percent year-on-year in the first 20 days of February, driven by strong semiconductor demand. Outbound shipments reached $43.5 billion, resulting in a trade surplus of $4.9 billion. The growth reflects a boom in chip exports fueled by artificial intelligence demand.

Colombia's oil production dropped 3% in January 2026 year-on-year to 746,400 barrels per day from 769,800 the previous year, according to Campetrol. Compared to December, it fell 0.1%, or 7,000 barrels, with the sharpest declines in Casanare.

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The Colombian peso closed higher on Wednesday, driven by oil price volatility following President Donald Trump's announcement of a blockade on sanctioned tankers to Venezuela. Crude prices rose over 2%, with Brent at US$60.33 per barrel. President Gustavo Petro warned that a drop to US$55 per barrel would make oil production in Colombia unprofitable.

 

 

 

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