Current account posts US$1.573 million deficit in first quarter

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Colombia's central bank reported a US$1.573 million current account deficit for the first quarter of 2026.

According to the central bank's preliminary figures, the negative balance was driven mainly by a US$2.500 million deficit in the goods and services account. Goods trade posted a US$2.905 million deficit, partly offset by a US$405 million services surplus.

The primary income deficit reached US$3.251 million due to payments of profits and interest abroad. This was partly offset by a US$4.178 million surplus in secondary income, driven by remittances.

The financial account recorded a US$954 million balance. Direct investment showed a negative balance of US$3.435 million and portfolio investment one of US$1.532 million.

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Illustration of South Korea's semiconductor exports contributing to record current account surplus with ships, chips and financial graphs.
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South Korea logs record current account surplus in March

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Banco de la República reported remittances hit US$1.189 billion in May, up 8.5% from the prior year.

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