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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Illustration of a Colombian factory during industrial production decline in January 2026, with workers reviewing falling output charts.
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Colombia's industrial production falls 0.5% in January 2026

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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.

Colombian exports reached US$5.315.9 million FOB in March 2026, up 20.9% from March 2025, according to the Dane. The growth was driven mainly by a 149.2% rise in the other sectors group, led by non-monetary gold. For the first quarter, exports totaled US$13,809.5 million, a 15.5% increase.

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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 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.

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The Banco de la República reported that Colombia's external debt rose to US$253.168 million in January 2026, equivalent to 55.2% of GDP. This marks an increase from December 2025 and January last year. Public sector debt stood at US$157.833 million, while private sector debt was US$95.336 million.

South Korea's exports rose 29% year-on-year in February to $67.45 billion, marking the highest level ever for the month. The surge was driven by growing demand for semiconductors amid the AI boom. The trade surplus reached a record $15.51 billion.

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On March 3, 2026, the US dollar in Colombia exceeded $3,800, marking a $28 rise in one day and the highest levels of the year so far. Analysts link this increase to geopolitical tensions and local elections, but do not anticipate it reaching $4,000. Experts suggest gradual purchases amid potential temporary volatility.

 

 

 

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