Colombia posted a trade surplus of $190 million in November compared to a $239 million deficit in the same month in 2006, the national statistics department, known as DANE, said Friday.
DANE said exports in November advanced 47% to $2.59 billion.
In the first 11 months of the year, the country posted a trade deficit of $1.33 billion compared to a deficit of $52 million in the same period in 2006.
Exports of oil, coal, coffee and nickel rose 53% in November from the same month in 2006 to $1.43 billion, while other exports saw a 42% rise to $1.69 billion.
Exports of oil products in November rose 111% to $853 million, boosted by higher prices, as the country's oil companies shipped 25% more tons of oil and processed products out of the country. Coal exports rose 9.5% to $304 million in value, and were up 2.1% to 5.74 million metric tons in volume.
In November, the worth of nickel exports fell 6.1% to $118 million, while coffee exports rose 20% to $152 million.
The largest trade deficit registered by Colombia in the first 11 months of the year was with Mexico at $2.25 billion, followed by China at $2.02 billion and Brazil $1.67 billion.
The trade gap with those countries was partly offset by surpluses of $3.34 billion with Venezuela and $2.05 billion with the U.S.
Analysts partly attribute the wider deficit in the 11-month period to the appreciation of the Colombian peso, which gained 11% last year, made exports less competitive, while encouraging Colombians to buy more imported goods and services.
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