Colombian leather exports continue to fall
According to the Colombian Ministry of Commerce, Industry and Tourism (MinCIT), leather exports declined at an average annual rate of 8.5% from 2015 to 2022
The data shows that the leather sector’s trade balance was in deficit between 2025 and 2022, with exports decreasing at an average annual rate of 8.5%, while imports grew at an average annual rate of 4.2%. The largest deficit in this period was recorded in 2022, totalling 536 million US dollars.
Last year, Colombian leather exports fell by 7% and 5.3%, on a comparable basis to the previous year and 2019, before the onset of the COVID-19 pandemic. Meanwhile, imports rose by 45.2% in 2022, year-over-year.
The downward trajectory has persisted into 2023. In June, the country’s leather exports were down by 20.6%, as compared to the same period of last year, and even imports decreased in this month by 5.3% year-over-year.
The MinCIT also reported that in the twelve months to June, employment in the sector dropped by 5.3%, with production falling by 14.1%, on a comparable basis to the previous twelve-month period.
Image Credits: servicegroup.com.co
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