Exporting to Colombia

Colombia Export Guide | Trade Finance Global

Exporting to Colombia

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.

Colombia Country Profile

Official Name (Local Language) República de Colombia
Capital Bogota
Population 47,220,856
Currency Colombian Peso
GDP Colombian Peso
Languages Spanish
Telephone Dial In 57

Colombia Imports Profile

Imports ($m USD)

46,05

Number of Import Products

4,233

Number of Import Partners

199

Top 5 import partners

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

04.07

Top 5 Import Products at HS 6 digit level

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%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Colombia

Agriculture

%

Product List

6.8%

Coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables; shrimp; forest products

Industry

%

Industry List

0,34

Textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds

Services

%

Service List

59.2%

Importing from Colombia: What is trade finance?

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

Government Website

http://www.presidencia. gov.co/

Sovereign Ratings

https://countryeconomy.com /ratings/colombia

Central Bank

Banco de la República de Colombia

Currency USD Exchange Rate

3,051.1

Unemployment Rate

9.2%

Population below poverty line

27.8%

Inflation Rate

5.8%

Prime Lending Rate

7.5%

GDP

$274.1 billion

GDP Pro Capita (PPP)

$14,100

Currency Name

Colombian Peso

Currency Code

COP

World Bank Classification

Upper Middle Income

Competitive Industrial Performance

61/138

Corruption Perceptions Index

96/180

Ease of Doing Business

65/190

Enabling Trade Index

85/136

Currency in Colombia

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