Record trade deficit in Colombia raises alarms for companies with international operations

TL;DR

Colombia's trade deficit hit a record high of US$16.377 billion FOB in 2025.
Imports grew by 10% to US$70.502 million, while exports saw only a 1.3% increase to US$50.199.9 million.
China surpassed the United States as Colombia's primary import supplier, accounting for 27.5% of imports.
The Colombian peso appreciated by over 15% year-on-year by April 2026, adding pressure on exporters and importers.
Companies are accelerating the digitalization of currency management, payments, and expense controls due to these economic shifts.
Global66 introduced two new digital tools, Mesa de Dinero and Multitarjeta, to assist businesses operating in multiple currencies.
Global66 saw significant growth in Colombia in 2025, with 354,000 registered clients and a transaction volume of US$543 million.

Continuer la lecture de l'article original