Colombia

Compare Colombia →

CO · COL · BACI 170 · latest data 2024

Exports

$53.6B USD, nominal · 2024

= $53,574 M25.3% over 5 yrs (up)

Imports

$62.8B USD, nominal · 2024

= $62,814 M19.9% over 5 yrs (up)

Trade balancedeficit

−$9.2B USD, nominal · 2024

= −$9,239 M

Total trade

$116.4B USD, nominal · 2024

= $116,388 M22.3% over 5 yrs (up)

World position: #56 of 225 exporters · top 25% · #50 of 225 importers · top 25% · 2024
World export share since 1995: +0.0 pp

Trade timeline

Colombia's exports grew from $11.0B in 1995 to $53.6B in 2024; the 2024 balance was −$9.2B.

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Exports, imports, trade balance and total trade of Colombia per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$11,006 M	$13,907 M	−$2,901 M	$24,913 M
1996	$11,527 M	$14,151 M	−$2,624 M	$25,679 M
1997	$12,514 M	$15,863 M	−$3,349 M	$28,377 M
1998	$11,945 M	$14,818 M	−$2,873 M	$26,763 M
1999	$12,649 M	$10,838 M	$1,811 M	$23,487 M
2000	$14,259 M	$11,867 M	$2,392 M	$26,125 M
2001	$13,367 M	$13,010 M	$357 M	$26,376 M
2002	$13,136 M	$12,685 M	$451 M	$25,821 M
2003	$14,706 M	$13,713 M	$993 M	$28,419 M
2004	$18,856 M	$16,623 M	$2,233 M	$35,478 M
2005	$23,915 M	$21,564 M	$2,352 M	$45,479 M
2006	$26,697 M	$26,759 M	−$61 M	$53,456 M
2007	$33,449 M	$32,848 M	$601 M	$66,297 M
2008	$42,424 M	$39,270 M	$3,155 M	$81,694 M
2009	$36,449 M	$32,431 M	$4,018 M	$68,881 M
2010	$42,925 M	$40,286 M	$2,640 M	$83,211 M
2011	$62,025 M	$53,545 M	$8,480 M	$115,570 M
2012	$65,842 M	$57,098 M	$8,745 M	$122,940 M
2013	$62,524 M	$59,124 M	$3,400 M	$121,648 M
2014	$58,620 M	$63,391 M	−$4,771 M	$122,011 M
2015	$39,747 M	$53,338 M	−$13,590 M	$93,085 M
2016	$34,579 M	$44,308 M	−$9,729 M	$78,887 M
2017	$41,150 M	$46,095 M	−$4,945 M	$87,245 M
2018	$45,918 M	$50,851 M	−$4,933 M	$96,769 M
2019	$42,771 M	$52,382 M	−$9,611 M	$95,154 M
2020	$33,947 M	$43,528 M	−$9,581 M	$77,475 M
2021	$44,608 M	$60,616 M	−$16,007 M	$105,224 M
2022	$63,121 M	$75,965 M	−$12,844 M	$139,086 M
2023	$54,789 M	$61,805 M	−$7,016 M	$116,594 M
2024	$53,574 M	$62,814 M	−$9,239 M	$116,388 M

30 rows

World share & rank

World export share moved from 0.2% in 1995 to 0.2% in 2024; export rank #47 → #56.

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World export and import share in percent, and world ranks, of Colombia per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.22%	0.27%	#47	#45
1996	0.21%	0.26%	#49	#46
1997	0.22%	0.28%	#48	#45
1998	0.22%	0.27%	#45	#47
1999	0.22%	0.19%	#47	#52
2000	0.22%	0.18%	#51	#53
2001	0.21%	0.21%	#52	#51
2002	0.20%	0.19%	#52	#54
2003	0.19%	0.18%	#52	#58
2004	0.20%	0.18%	#55	#57
2005	0.23%	0.21%	#55	#54
2006	0.22%	0.22%	#56	#52
2007	0.24%	0.23%	#56	#54
2008	0.26%	0.24%	#56	#55
2009	0.29%	0.26%	#55	#55
2010	0.29%	0.27%	#55	#53
2011	0.35%	0.30%	#54	#50
2012	0.36%	0.32%	#53	#51
2013	0.34%	0.32%	#55	#50
2014	0.32%	0.35%	#55	#49
2015	0.25%	0.33%	#52	#48
2016	0.22%	0.28%	#55	#50
2017	0.23%	0.26%	#53	#54
2018	0.24%	0.27%	#54	#53
2019	0.23%	0.28%	#54	#51
2020	0.20%	0.25%	#58	#52
2021	0.21%	0.28%	#57	#51
2022	0.26%	0.31%	#54	#48
2023	0.24%	0.27%	#53	#54
2024	0.23%	0.28%	#56	#50

30 rows

Trading partners

United States was Colombia's top trading partner in 2024, at 28.0% of total trade; the top five partners covered 56.7%.

Year

Top partner share: 28.0%
Top-5 share: 56.7%
Partners: 206
Partner HHI (0–1): 0.115

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United States $15.9B

Panama $4.3B

India $2.8B

China $2.5B

Ecuador $2.1B

Brazil $2.1B

Mexico $2.0B

Netherlands $1.8B

Peru $1.4B

South Korea $1.3B

Chile $1.1B

Italy $982M

Germany $880M

Spain $697M

Japan $566M

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Top partners of Colombia in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	United States	$15,905 M	$16,637 M	$32,542 M	−$733 M
#2	China	$2,477 M	$15,987 M	$18,464 M	−$13,510 M
#3	Brazil	$2,118 M	$3,331 M	$5,450 M	−$1,213 M
#4	Mexico	$1,956 M	$3,203 M	$5,159 M	−$1,247 M
#5	Panama	$4,298 M	$30 M	$4,328 M	$4,268 M
#6	India	$2,803 M	$1,372 M	$4,175 M	$1,431 M
#7	Germany	$880 M	$2,208 M	$3,088 M	−$1,328 M
#8	Ecuador	$2,130 M	$863 M	$2,993 M	$1,267 M
#9	Netherlands	$1,791 M	$519 M	$2,310 M	$1,271 M
#10	Peru	$1,395 M	$898 M	$2,294 M	$497 M
#11	South Korea	$1,289 M	$978 M	$2,267 M	$311 M
#12	Italy	$982 M	$1,062 M	$2,044 M	−$79 M
#13	Japan	$566 M	$1,409 M	$1,976 M	−$843 M
#14	Chile	$1,105 M	$836 M	$1,941 M	$269 M
#15	Spain	$697 M	$1,120 M	$1,816 M	−$423 M

15 rows

Products & sectors

Product composition of Colombia's trade in 2024.

Year

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Concentration & risk

Colombia's export partners diversified over 1995–2024 — HHI 0.145 → 0.110, a moderately concentrated export base across 183 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Colombia per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.145	0.150	159	161
1996	0.162	0.151	155	159
1997	0.153	0.153	156	170
1998	0.159	0.129	160	167
1999	0.249	0.162	157	160
2000	0.241	0.139	166	187
2001	0.191	0.139	175	184
2002	0.194	0.128	179	184
2003	0.198	0.115	179	174
2004	0.166	0.113	189	177
2005	0.170	0.115	183	184
2006	0.156	0.105	188	186
2007	0.137	0.109	186	189
2008	0.149	0.119	190	196
2009	0.153	0.118	188	194
2010	0.170	0.109	181	188
2011	0.145	0.111	182	188
2012	0.140	0.113	180	197
2013	0.122	0.124	183	198
2014	0.100	0.132	189	194
2015	0.100	0.135	186	189
2016	0.123	0.125	195	200
2017	0.101	0.121	188	197
2018	0.094	0.125	192	205
2019	0.117	0.125	191	200
2020	0.107	0.132	190	196
2021	0.097	0.130	190	196
2022	0.091	0.137	191	198
2023	0.096	0.129	183	195
2024	0.110	0.146	183	191

30 rows

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