Colombian exports grow 20.9% in March 2026

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.

The Departamento Administrativo Nacional de Estadística (Dane) reported that Colombia's FOB exports in March 2026 totaled US$5,315.9 million, a 20.9% increase from March 2025. This growth was mainly due to a positive variation in the Other Sectors group, which rose 149.2%, particularly from non-monetary gold exports.

By product groups, fuels and extractive industry products contributed 41.5% of the total with US$2,208.7 million and 24.8% growth, driven by coal, coke, and briquettes. Although 14.6 million barrels of crude oil were exported, this marked a 17.7% volume decline. Manufactures reached US$950.6 million with 6.9% growth, while agricultural products, food, and beverages fell 6.8% to US$1,299.6 million.

The United States was the top destination with 27.4% of the March total, followed by Panama (9.4%), India (8.5%), Netherlands (5.4%), and Italy (5.1%). For January-March 2026, exports summed US$13,809.5 million, with fuels at US$5,097.8 million (+5.4%), agricultural at US$3,980.9 million (+8.1%), and other sectors +133.1%. The US led with 29.9%.

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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.

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.

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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.

Dane reported that Colombia's annual inflation for March 2026 reached 5.56%, up from 5.29% in February. This is the highest rate since September 2024 at 5.81%. Year-to-date inflation for the first quarter stood at 3.07%.

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South Korea's exports surged 50.4 percent year-on-year to $53.3 billion in the first 20 days of March, driven by strong semiconductor demand. Korea Customs Service data showed a trade surplus of $12.1 billion for the period.

Colombia ended 2025 with a current account deficit of 2.4% of GDP, according to Credicorp Capital's analysis of Banco de la República data. This rise from 1.7% in 2024 stems mainly from a wider trade imbalance. While foreign direct investment covered the deficit, forecasts for 2026 point to increased vulnerability.

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The Ministry of Finance published the Financial Plan for 2026, projecting 2.6% GDP growth and 5.8% inflation. The document estimates an average dollar rate of $3,801 and Brent barrel at US$59.2, though analysts warn of calculation errors and lack of concrete measures for fiscal cuts. The publication was delayed by more than a month compared to previous years.

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