Xifres de comerç exterior de Colòmbia

Foreign Trade in Figures

Colombia's foreign trade represents around 40% of the country’s GDP, according to the World Bank’s latest figures. Colombia mainly exports crude petroleum oils (25.4%), coal and solid fuels (16.2%), gold (6.8%), petroleum oils (5.9%), and coffee (5.9%); whereas the country's main imports include petroleum oils (8.2%), motor cars (4.4%), telephone sets (3.7%), medicaments (3.6%), and powered aircraft (3.5% - data Comtrade 2023)

According to data from Comtrade, in 2023, the main export partners were the United States (28.4%), Panama (9.4%), China (5.0%), India (4.8%), and the Netherlands (4.1%); with imports coming chiefly from the United States (25.8%), China (21.6%), Brazil (6.4%), Mexico (4.9%), and Germany (3.7%). Colombia has signed trade agreements with the ANC countries (Andean Community of Nations), the MERCOSUR countries, the Central American and Caribbean countries and the European Union. Along with Mexico, Chile and Peru, Colombia founded the Pacific Alliance in 2012, designed to boost trade relations with Asian emerging markets. The country is also part of numerous free trade agreements with Chile, Guatemala, Honduras, El Salvador, Canada, Mexico, Switzerland, Norway, Iceland, Liechtenstein and the United States. The free-trade agreement with the United States, which came into force in May 2012, has had a particularly large impact on the Colombian economy, given that the United States is the country's biggest trade partner.

In 2023, the country’s goods exports decreased by 13% to USD 49.5 billion, with imports following a slower pace (-18.8% y-o-y) to USD 62.8 billion. As per services, exports stood at USD 15.2 billion against USD 16.6 billion in imports (data WTO). The overall trade deficit was estimated at 4.8% of the country’s GDP, from 7.6% one year earlier (World Bank). According to data from DANA, in 2024, exports totalled USD 49.5 billion FOB, down slightly by 0.44% y-o-y. Non-traditional exports increased to 47.4% of the total, up 4.5 percentage points from 2023. The share of fuel and extractive products dropped from 52.5% to 47.2%, while agriculture and food exports rose to 23.2%, and manufacturing reached 21.3%. Imports amounted to USD 64.1 billion CIF, growing by 2.1% y-o-y.