Weekly Report - 13 May 2010 (WR-10-19)

COLOMBIA | Exports climb. Exports increased by 19.1% in the first quarter to US$9.03bn, according to the national statistics agency Dane. This, despite a dramatic 72.8% fall in exports to Venezuela, Colombia's second largest trading partner, over this period, to just US$380m. The increase in total exports was due to the surge in the value of traditional products (oil, coal, coffee and ferronickel), which grew by 48.8%. Exports of non-traditional products fell 9.5% to US$3.5bn, having been affected much more by the drop in trade with Venezuela, especially vehicle sales, since President Hugo Chávez “froze" relations last June.

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