Weekly Report - 15 September 2011 (WR-11-37)

Colombia | Exports. On 7 September, Colombian president Juan Manuel Santos revealed that the latest report published by the national statistics department (Dane) showed that despite a slowing global economy and a weak dollar, Colombia’s exports increased by 55% in July. Speaking at the 50th anniversary celebration of the Colombian plastics industry association, Acoplasticos, Santos highlighted that the increase was driven by a 43.9 percentage point increase in traditional products exports. According to Santos, this shows that the Colombia’s international trade on track for continued growth. The Dane report found that exports in July where US$ 4.89bn compared to the US$ 3.15bn recorded in the same month last year. Traditional exports were US$ 3.48bn, a 65.9% year-on-year increase from last year’s US$ 2.1 bn. Encouragingly non-traditional exports also experienced a substantial boost, accounting for US$ 1.4bn – a 33.2% increase from 2010’s US$ 1.05 bn.

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