Colombia Balance of Trade

Last Release

Feb 28, 2025

Actual

-1.55

Units In

USD Billion

-1.28

Frequency

Monthly

Next Release

May 19, 2025

Time to Release

24 Days 14 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 1.546 billion in February 2025, up from a deficit of USD 1.01 billion in the same month last year. The increase was driven by a growth in exports and a contraction in exports. Imports increased 10.5% year-on-year to USD 5.3789 billion, marking the eighth consecutive month of growth, driven by higher purchases of fuels and extractive industry products (51.7%). Meanwhile, exports fell 0.8% year-on-year to USD 3.7803 billion, mainly due to a 17.5% drop in external sales of the fuels and extractive industry products group.