Colombia Customs Import Export Data

Colombia is Latin America's fourth largest and Middle America's second largest economy measured by gross domestic product. Colombia’s economy slowed in 2017 because of falling global oil prices and lower oil production due to insurgent attacks on pipeline infrastructure. Although real GDP growth averaged 4.7% during the past decade, it fell to an estimated 1.8% in 2017. Declining oil prices also have contributed to reduced government revenues. In 2016, oil revenue dropped below 4% of the federal budget and likely remained below 4% in 2017.

Capital City: Bogota

Currency: Colombian peso

Official language: Spanish

Population: 49.583.637

Natural resources: oil, natural gas, coal, iron ore, nickel, gold, copper, emeralds, crops and hydropower.

Worldwide share in import(2015): 0.32

Total imports:

US$ 43.480.556.715,41

Top import Commodities: Machinery(11.72%), Electrical Equipment(10.18%), Mineral, Fuels(8.54%), Vehicles Other Than Railway(8.41%), Plastics(4.71%).

Top import Partners: United States of America (26.6%), China(19.2%), Mexico(7.6%), Brazil(4.7%) and Germany(3.8%).

Trade Organisations: Pacific Alliance, CAN, SCAN.

Top Ports: Barranquilla, Buenaventura, Cartagena, Covenas, Mamonal.

Worldwide share in export(2015): 0.22

Total exports:

US$ 31.010.007.237,28

Top export Commodities: Mineral Fuels(47.41%), Coffee, Tea & Spices (7.98%), Natural or Cultured Pearls & Precious Stones(5.61%),Live Trees & Other Plants(4.29%) and Plastics(4.13%).

Top export Partners: United States of America(32.7%), Panama(6.2%), Netherlands(3.9%), Ecuador(3.9%) and Spain(3.7%).

Trade Organisations: Pacific Alliance, CAN, SCAN.

Top Ports: Barranquilla, Buenaventura, Cartagena, Covenas, Mamonal.

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Main movements of Colombia