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.

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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At the Celac-Africa High-Level Forum, Trade, Industry and Tourism Minister Diana Marcela Morales highlighted a US$401 million trade surplus with Africa at the end of 2025, a 73% increase from the previous year. Morales stressed the potential of economic ties with the continent and concrete progress in that area.

In January 2026, Colombia's unemployment rate stood at 10.9%, the lowest for any January since 2001, with 324,000 more workers than in the same month of 2025. The number of unemployed people fell by 186,000 to 2.8 million. This improvement was driven by growth in self-employment and people leaving the labor force.

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South Korea's exports reached $86.13 billion in March, breaching the $80 billion mark for the first time ever. According to data from the Ministry of Trade, Industry and Resources, this represents a 48.3 percent increase from a year earlier. Record semiconductor shipments drove the surge.

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