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Colombia: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper examines the export growth in Colombia. Colombian exports are heavily concentrated in commodities but the large real depreciation since 2015 offers an opportunity to grow nontraditional exports substantially. Colombia’s comparative advantage in noncommodity products was weak in 2013-15, and export diversification was low, partly owing to the commodity price boom. Exports grew moderately in recent years but in line with historical relationships given fundamentals. The export outlook is positive. Given global growth assumptions, the IMF staff’s models predict acceleration in export growth. The historical experience of commodity exporters suffers large real depreciations also paints a positive picture.

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  • International Monetary Fund, 2018. "Colombia: Selected Issues," IMF Staff Country Reports 2018/129, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2018/129
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    References listed on IDEAS

    as
    1. Jorge García García & David Camilo López & Enrique Montes Uribe, 2016. "Los costos de comerciar en Colombia: aproximación basada en una comparación de precios," Coyuntura Económica, Fedesarrollo, vol. 46(2), pages 75-139, December.
    2. Juan José Perfetti & Jesús Botero & Sandra Oviedo & David Forero & Sebastián Higuera & Manuel Correa & José García, 2017. "Política comercial agrícola: nivel, costos y efectos de la protección en Colombia," Informes de Investigación 15714, Fedesarrollo.
    3. Xiaodan Ding & Metodij Hadzi-Vaskov, 2017. "Composition of Trade in Latin America and the Caribbean," IMF Working Papers 2017/042, International Monetary Fund.
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