Colombia (COL)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Colombia - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | USA (USA) | 30.2% $14.98B | 26.0% $16.68B | 27.9% $31.66B |
| 2 | China (CHN) | 4.8% $2.38B | 24.9% $15.94B | 16.1% $18.31B |
| 3 | Brazil (BRA) | 3.9% $1.93B | 5.2% $3.36B | 4.7% $5.29B |
| 4 | Mexico (MEX) | 3.9% $1.96B | 5.1% $3.25B | 4.6% $5.20B |
| 5 | Panama (PAN) | 8.7% $4.30B | 0.0% $0 | 3.8% $4.30B |
| 6 | India (IND) | 5.4% $2.67B | 2.4% $1.53B | 3.7% $4.20B |
| 7 | Germany (DEU) | 1.2% $609.62M | 3.4% $2.16B | 2.4% $2.77B |
| 8 | Ecuador (ECU) | 3.9% $1.92B | 1.3% $802.16M | 2.4% $2.72B |
| 9 | Rep. of Korea (KOR) | 2.4% $1.18B | 1.5% $989.04M | 1.9% $2.17B |
| 10 | Peru (PER) | 2.4% $1.17B | 1.4% $872.68M | 1.8% $2.04B |
- Colombia's total international trade in 2024 amounted to $113.6B.
- Exports totaled $49.6B, while imports were $64.1B.
- The country registered a trade balance of -$14.5B in 2024.
- The United States was Colombia's top trading partner, accounting for 30.2% of exports and 26.0% of imports.
- Mineral fuels, including oils (HS2 27), were the top export, valued at $22.5B.
- The leading import category was Machinery and mechanical appliances (HS2 84) at $7.0B.
Colombia's Trade Performance in 2024
In 2024, Colombia ranked 50th in the world for total trade. The country's exports reached $49.6B and imports stood at $64.1B, leading to a trade deficit of -$14.5B. The United States was the primary destination for Colombian exports with a 30.2% share, valued at $15.0B. Other key export partners included Panama and India. On the import side, the United States was also the largest source, providing 26.0% of total imports, followed by China with a 24.9% share.
Top Traded Products
Colombia's export profile is dominated by Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS2 27), which accounted for 45.3% of all exports at a value of $22.5B. The next largest export category was Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin (HS2 71), with an 8.7% share. In terms of imports, Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof (HS2 84) was the most significant category, making up 11.0% of the total, followed by Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles (HS2 85) at 9.7%.
Exports
Colombia - exports over time (Exports), 2015-2024 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Colombia - export composition by product categories (Exports), 2024 (USD)
Colombia - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Colombia - imports over time (Imports), 2015-2024 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.