Colombia Balance of Trade

Last Release

Jan 31, 2025

Actual

-1.28

Units In

USD Billion

-1.18

Frequency

Monthly

Next Release

Apr 19, 2025

Time to Release

29 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
0.81 Dec 2011	-2.7 Aug 2022	-0.33 USD Billion	1980-2025	N/A

Colombia is a major exporter of oil and coal (59 percent of total exports). Other exports include: chemicals and related products (5.1 percent) and gold (5 percent). Main imports are: machinery and transport equipment (39 percent of total imports); manufactured products (22 percent); chemicals (17 percent) and fuel and mineral lubricants (10 percent) Main trading partners are: United States (36 percent of total exports and 39 percent of imports) and China (6 percent of exports and 16 percent of imports). Others include: Mexico, Spain and Venezuela.

Latest Updates

Colombia's trade deficit widened to USD 1.279 billion in January 2025, up from a USD 1.084 billion deficit in the same month last year. The increase was driven by imports rising faster than exports. Imports rose by 8.5% year-on-year to USD 5.379 billion, marking the seventh consecutive month of increases led by higher purchases of manufactured products (7.1%). Meanwhile, exports rose by 4.3% year-on-year to USD 3.777 billion, primarily led by a 42.5% surge in shipments from agricultural products, food, and beverages.