In February, agricultural sector imports increased by 4.7% compared to the same month in 2023

 
Bogotá D.C., (@Minagricultura, @UPRAColombia, @claudialili76). The Unit of Agricultural Rural Planning (UPRA) provides the analysis of agric​ultural sector imports for February 2024​, highlighting an increase in import value compared to the same month of the previous year. Sector imports in February 2024 had a value of USD 749 million CIF, showing an increase of 4.7% compared to February 2023. This behavior is mainly explained by the increase in imports of soybean cake, by USD 26.2 million (67.3%); ethyl alcohol, by USD 16.9 million (119.1%); and soybean oil, by USD 14.3 million (84.3%).

 
Claudia Cortés, director of UPRA, stated, "The figures of agricultural sector imports reflect a changing economic dynamic, where we see growth in products such as soybean cake and ethyl alcohol, while other products such as corn and milk show a significant decrease. These data are fundamental for the formulation of public policies that promote the sustainability of agricultural activity and the economic well-being of our farmers."

 
Regarding volume, sector imports in February 2024 reached 1,145,088 tons, showing an increase of 9.7% compared to February 2023. This behavior is mainly explained by the increase in imports of soybean cake, by 59,363 tons (90%); ethyl alcohol, by 24,315 tons (150.3%); and soybean oil, by 20,487 tons (156.8%).

 
For the cumulative period of January and February, import volume reached 2,327,506 tons, registering an increase of 5.3% compared to the same period of the previous year. This variation is mainly due to the increase in imports of wheat, by 106,439 tons (48.2%); ethyl alcohol, by 48,546 tons (192.6%); and soybean oil, by 19,781 tons (58.6%).

For more information and details on the behavior of agricultural sector imports, we invite you to​ consult the full r​​eport​​ en la página oficial de la UPRA.​