Colombia

In 2013, the value of merchandise exports of Colombia decreased slightly by 2.4 percent to reach 58.8 bln US$, while its merchandise imports increased slightly by 2.2 percent to reach 59.4 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 559.3 mln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at -6.9 bln US$ (see graph 4). Merchandise exports and imports in Colombia were diversified amongst partners. The top 14 partners accounted for 80 percent or more of exports and 14 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Colombia increased moderately by 8.4 percent, reaching 5.3 bln US$, while its imports of services increased substantially by 13.1 percent and reached 10.7 bln US$ (see graph 2). There was a large trade in services deficit of 5.5 bln US$.

Related Subject(s): International Trade and Finance

Countries: Colombia