BOGOTÁ, Apr 6 (Reuters) – The value of Colombia’s exports rose a marginal 0.04% year-on-year in February, its first rise since January last year, although the volume continued to decline, figures from the National Statistics Department revealed on Tuesday. (DANE).
Foreign sales of goods and services in the South American country reached 2,944.7 million dollars in the second month, compared to 2,943.6 million dollars in February 2020.
The slight recovery was recorded by a 24.5% year-on-year increase in coffee exports to 259.8 million dollars and in ferro-nickel exports, which rose 1.46% to 28.6 million dollars, DANE said in a report.
In contrast, the value of exports of oil and its derivatives – the country’s main generator of foreign exchange – contracted by 20.5% year-on-year to 812.9 million dollars, while that of coal fell by 3.4% to $ 444.9 million.
Despite the slight increase in the value of exports, the volume contracted 8.5% year-on-year in February to 10.1 million metric tons, from 11.06 million tons in the same month of the previous year.
In the accumulated of the first two months, the value of Colombian exports collapsed by 12.7% to 5,553.8 million dollars, while in volume terms the fall reached 40.1% to 17.38 million metric tons .
The fourth economy in Latin America is going through a phase of slow recovery that, according to the Government, would lead it to expand by 5%, after the contraction it reached in 2020, of 6.8%.
(Report by Nelson Bocanegra. Edited by Luis Jaime Acosta)