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Colombia Trade Summary

2023

Colombia exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR COLOMBIA 2023

Overall Exports and Imports for Colombia 2023

Exports and imports of Colombia in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 49,769 million.
  • The total value of imports (CIF) was 62,781 million.
  • At the HS6 digit level, 3,440 products were exported to 179 countries and 4,170 products were imported from 198 countries.

Colombia top 5 Export and Import partners 2023

Top five countries to which Colombia exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Colombia exports to United States worth US$ 14,113 million, with a partner share of 28.36 percent.
  2. Colombia exports to Panama worth US$ 4,659 million, with a partner share of 9.36 percent.
  3. Colombia exports to China worth US$ 2,469 million, with a partner share of 4.96 percent.
  4. Colombia exports to India worth US$ 2,398 million, with a partner share of 4.82 percent.
  5. Colombia exports to Netherlands worth US$ 2,042 million, with a partner share of 4.10 percent.

Top five countries from which Colombia imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Colombia imports from United States worth US$ 16,182 million, with a partner share of 25.77 percent.
  2. Colombia imports from China worth US$ 13,567 million, with a partner share of 21.61 percent.
  3. Colombia imports from Brazil worth US$ 4,045 million, with a partner share of 6.44 percent.
  4. Colombia imports from Mexico worth US$ 3,090 million, with a partner share of 4.92 percent.
  5. Colombia imports from Germany worth US$ 2,347 million, with a partner share of 3.74 percent.

Colombia Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Colombia along with trade value are:

  1. Colombia exported Petroleum oils and oils obtained from bituminou , worth 12,659,153.73 (US$ Thousands).
  2. Colombia exported Bituminous coal, not agglomerated , worth 8,014,982.67 (US$ Thousands).
  3. Colombia exported Gold in unwrought forms non-monetary , worth 3,221,994.08 (US$ Thousands).
  4. Colombia exported Petroleum oils, etc, (excl. crude); preparation , worth 2,930,050.44 (US$ Thousands).
  5. Colombia exported Coffee, not roasted or decaffeinated , worth 2,791,949.52 (US$ Thousands).

The top five imported HS 6 digit level products from world by Colombia along with trade value are

  1. Colombia imported Petroleum oils, etc, (excl. crude); preparation , worth 5,155,516.57 (US$ Thousands).
  2. Colombia imported Transmission apparatus, for radioteleph incorpo , worth 2,225,504.02 (US$ Thousands).
  3. Colombia imported Aircraft nes of an unladen weight exceeding 15, , worth 2,055,268.62 (US$ Thousands).
  4. Colombia imported Maize (excl. seed) , worth 1,820,274.61 (US$ Thousands).
  5. Colombia imported Other medicaments of mixed or unmixed products, , worth 1,785,455.53 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Colombia in 2023 are below

  • The maximum rate of tariff in percentage on any product was 80 percent.
  • The simple average tariff across all products was 3.55 percent.
  • The trade weighted average tariff was 2.62 .
  • The total duty free imports in thousands of US dollars were 40,035,925.36 and duty free tariff line items share was 75.52 percent.

Development Indicators 2023

Key Development Indicators of Colombia in 2023 are below

  • Colombia GDP in current US dollar was 366,292 million.
  • GNI per capita, Atlas method (current US$) was 6,720.00 .
  • Colombia Trade balance: as % of GDP was -4.72.
  • Trade balance in current US$ was -17,306.00 million.
  • Trade as percentage of GDP was 40.39 .
  • Trade in services as percentage of GDP was 9.02 .

Trade Indicators 2023

Trade Indicators for Colombia in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 6.86.
  • World Growth in percentage was -3.13 and Colombia Country Growth was -6.50 .