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Antioquia’s Exports Rise 14.7% in 2017, Colombia Up 16%: DANE

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The latest report from Colombia’s economic statistics agency (DANE) shows that Antioquia’s exports rose 14.7% year-on-year in the first two months of 2017 -- and Antioquia likewise continues to surpass all Colombian departments in total share of exports, at 19.4%.

The single biggest reason for the big boost in Antioquia exports was the rise in gold exports, accounting for 20.3% of the rise in the total dollar value of exports from the department.

Meanwhile, Colombia’s total exports (excluding petroleum) rose 16.1% in the first two months of 2017 compared to the same period in 2016, to US$5.3 billion, DANE found (see chart, above).

Refined petroleum products exports (up 40.5%) and coal/coke exports (up 49%) were two of the shining stars in Colombian exports so far this year, according to DANE.

However, manufactured goods exports slipped 10% in February 2017 versus February 2016, mainly because of a drop in sales of medicinal and pharmaceutical products, as well as a sharp decline in nickel exports (down 97%) and other non-metallic minerals (down 33%).

The United States continues as the main destination of Colombian exports with a 29.4% share of Colombia's total exported FOB value, followed by Panama, Turkey, Brazil, Ecuador, the Netherlands and China, according to DANE.

Read 1441 times Last modified on Last modified on April 04 2017

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