Weekly Report - 13 December 2005

COLOMBIA | 'Traditional' exports drive up surplus. Export earnings in January-September reached US$15.6bn, up 30.3% on the same period of 2004. With imports growing at the same rate, to US$14.5bn, Colombia's trade surplus expanded by almost 31%, to US$1.12bn. This was largely due to the performance of the 'traditional' exports (oil, coal, coffee, ferro-nickel) which grew by 40.5% to account for 49% of all export earnings. In the case of oil this continued to be price-driven: earnings grew by almost 50% while volume shrank by 6.8%.

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