Most of Colombia’s export market is heavily reliant on commodities such as petroleum (45% of total), coffee, coal and nickel, although tourism and entertainment industry is increasing by 12% per year.
Despite a challenging economy, Colombia is a powerhouse in Latin America, and is actively engaged in international import and export markets.
Official Name (Local Language) | República de Colombia | Capital | Bogota | Population | 47,220,856 | Currency | Colombian Peso | GDP | $271.4 billion | Languages | Spanish | Telephone Dial In | 57 |
46,050
4,233
199
Country
Trade
% Partner Share
United States
12,096
26.27
China
8,754
19.01
Mexico
3,437
7.46
Brazil
2,286
4.96
Germany
1,874
4.07
Export product
Number
Petroleum oils, etc, (excl. crude); preparation
7.9%
Transmission apparatus, for radioteleph incorpo
4.5%
Automobiles with reciprocating piston engine di
4.3%
Other medicaments of mixed or unmixed products,
2.8%
Maize (excl. seed)
2.4%
%
Product List
6.8%
Coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables; shrimp; forest products
%
Industry List
34%
Textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds
%
Service List
59.2%
Colombia ranks 54th on the world country playing field in terms of importing, focusing mainly on importing industrial and transportation equipment, consumer goods and chemicals. Importing mainly from the USA, China and Mexico, Colombia import around $57 billion USD of goods each year.
Columbia is an upper middle-income economy and is becoming an established financial centre in Latin America
Information
Exporting to Colombia? Contact our local experts
Colombia Economic Statistics
https://www.presidencia.gov.co/
https://countryeconomy.com/ratings/colombia
Banco de la República de Colombia
3,051.1
9.2%
27.8%
5.8%
7.5%
$274.1 billion
$14,100
Colombian Peso
COP
Upper Middle Income
61/138
96/180
65/190
85/136
Currency in Colombia