Trade Trend

In 2023, Colombia's total export value is 49.54Billion USD, total import value is 62.80Billion USD, Deficit is -13.25Billion USD, and foreign trade dependency is 0.309. In 2023，Colombia's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(12.43Billion USD), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(8.05Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(3.40Billion USD), top export destinations are United States(13.10Billion USD), Panama(4.62Billion USD), China(2.47Billion USD). In 2023, Colombia's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(5.16Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(2.74Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(2.28Billion USD), top import origins are United States(16.00Billion USD), China(13.57Billion USD), Brazil(4.04Billion USD).

Comparing to 2022, Colombia's total export value decreased -7.37Billion USD(-12.95%) in 2023, this could result from its export decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-3.40Billion USD or -21.48%), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(-2.46Billion USD or -23.39%), Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(-1.19Billion USD or -29.07%) and export decreases to countries/economics such as United States(-1.74Billion USD or -11.74%), Turkey(-1.41Billion USD or -62.44%), Panama(-1.21Billion USD or -20.77%). Comparing to 2022, Colombia's total import value decreased -14.62Billion USD(-18.88%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-1.66Billion USD or -24.41%), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(-687.35Million USD or -23.17%), Electric generating sets and rotary converters(-521.72Million USD or -78.22%), and its import decreases from countries/economies such as China(-5.13Billion USD or -27.45%), United States(-2.84Billion USD or -15.08%), Brazil(-1.45Billion USD or -26.39%).

Cumulated to first 7 months of 2024, Colombia's total export value is 18.87Billion USD, total import value is 23.73Billion USD, and tradedeficit is -4.86Billion USD. Cumulated to first 7 months of 2024, Colombia's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(5.19Billion USD), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(2.51Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.31Billion USD), and top export destinations are United States(5.90Billion USD), China(1.73Billion USD), Panama(1.54Billion USD). Cumulated to first 7 months of 2024, Colombia's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(5.19Billion USD), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(2.51Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.31Billion USD), and top import origins areUnited States(6.64Billion USD), China(5.95Billion USD), Brazil(1.38Billion USD).