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Bogotá . The value of Colombian exports rose 5 percent in May to $ 3,681.6 million, as a result of oil and ferronickel sales, the Department of National Statistics (DANE) reported Tuesday. The economy of Latin America totaled US $ 3,505.4 million in May 2017. However, the value of sales outside the fifth month was less than US $ 3,716.9 million in April .
This is explained by the increase in the value of sales of oil and its derivatives, which increased by 36.7% to 1,470.3 million US dollars, while those of ferronickel rose 12.8 percent to 70.4 million US dollars, according to the report. DANE in a report
Meanwhile, the value of coal exports fell by 29.4% year-on-year to $ 568.3 million and that of coffee by 1.8% to $ 184.3 million .
The main destinations of Colombian exports in the fifth month of the year The United States, Panama and China, revealed the DANE.
The volume of Colombian sales abroad during the month of May fell by 33.6% year on year to 11.1 million metric tons. , the value exported by Colombia increased by 14.5% to US $ 17,159.8 million compared to the same period of 2017.
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