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The decline was driven by drops in corn (-24.9%), soybeans (-59.4%), and sugar (-69.5%).

The reduction is largely due to declines in key imports such as corn (-45.4%), soybean meal (-34.7%), and wheat (-37.3%).

Certain fertilizers, herbicides, appliances, agricultural tools, parts for semi-trailers, and various textiles are among the affected materials and goods.

The political scandal that saw President Petro's coalition implode and the de facto suspension of the reform process was little more than a tremor on the Colombian Richter scale. Now the earth is properly moving.

"Institutions with a control and oversight role will be challenged by issues arising from Chinese infrastructure companies," according to the Colombia Risk Analysis report.

Last week in Colombia was one totally bereft of either macro data or economic surveys; this week will be the polar opposite.

Perhaps the biggest concern is the perception of mixed messages between President Petro and Finance Minister Ocampo.

55% of Colombians support more trade barriers to imports of foreign goods and services, while a majority of 54% of Colombians still agree that “Overall, globalization is a good thing for my country.”

The Colombian government has clarified that foreign trade (import/export), agriculture, energy and mining activities may continue during the mandatory Coronavirus COVID-19 Curfew now in effect.

Heavy commodity dependence and direct trade exposures represent significant vulnerabilities for Latin American economies if China’s slowdown is sharper than expected, says Fitch Ratings. Large commodity exporters such as Chile, Brazil, Peru and Colombia are likely to be...