January 2026 imports totaled US$5,902.9 million

Colombia's National Administrative Department of Statistics (DANE) reported that imports in January 2026 reached US$5,902.9 million, up 9.7% from January 2025. This marks the highest January figure in the decade, surpassed only by US$6,050.5 million in 2022.

Colombia's January 2026 imports hit a decade-high for the month at US$5,902.9 million, per DANE data, rising 9.7% from January 2025. December 2025 had reached US$6,050.7 million, exceeding US$6,000 million. Manufactures dominated at US$4,584.9 million, up 14.1%, led by road vehicles (US$812.3 million), medicinal and pharmaceutical products (US$357.5 million), and telecommunications equipment (US$313.4 million). Agropecuarian products, foods, and beverages followed with US$879.5 million, driven by cereals (US$232.7 million), pet food (US$140 million), and legumes with fruits (US$74.5 million). China was the top supplier at US$1,829.5 million, followed by the United States (US$1,240.8 million) and Mexico (US$275.9 million). Four European nations—Bulgaria (424.8%), Croatia (388.9%), Hungary (182.7%), and Austria (114.1%)—posted over 100% growth, totaling US$38.1 million. Ecuador supplied US$84.8 million, up 20.5%, though tariffs rose from 30% to 50% in February. The trade balance showed a deficit of US$1,328.8 million, US$49.8 million wider than January 2025. Largest deficits were with China (US$1,660.4 million) and Mexico (US$179.8 million), while surpluses occurred with the United States (US$195.4 million) and Canada (US$188.4 million).

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DANE reported that manufacturing industrial production fell 0.5% in January 2026 compared to January 2025, with real sales down 0.7%. This marks two consecutive months of production contraction and three for sales.

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.

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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.

South Korea's exports rose 33.9 percent year-on-year in January to $65.85 billion, fueled by strong demand for semiconductors. This marked the highest January figure on record and the first time surpassing $60 billion for the month. The trade surplus reached $8.74 billion, extending the streak to 12 consecutive months, according to Ministry of Trade, Industry and Resources data.

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The National Administrative Department of Statistics (Dane) reported that Colombia's annual inflation for February 2026 was 5.29%, a slight slowdown from January's 5.35%. The monthly Consumer Price Index (CPI) variation stood at 1.08%, driven by rises in education and food. This figure remains above the Central Bank's target range of 3%.

South Korea's exports fell 2.3 percent year-on-year in the first 10 days of January, despite robust semiconductor shipments. According to Korea Customs Service data, outbound shipments totaled $15.55 billion for the period. Weaker performance in automobiles, vessels, and steel products offset the gains.

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The Colombian government has approved a list of products imported from Ecuador that will face a 30% tariff in response to similar measures by that country. The decision aims to restore trade balance within the Andean Community framework. Commerce Minister Diana Marcela Morales Rojas justified the action as a defense of national security.

 

 

 

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