Colombia Balance of Trade

Last Release

May 31, 2025

Actual

-1.78

Units In

USD Billion

-1.67

Frequency

Monthly

Next Release

Aug 19, 2025

Time to Release

27 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
0.81 Dec 2011	-2.7 Aug 2022	-0.34 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 $1.776 billion in May 2025, up from $1.084 billion a year earlier, marking the largest shortfall since October 2022. Imports rose 10.8% year-on-year to $6.135 billion, driven by a 14.1% increase in purchases of manufactured goods. In contrast, exports slipped 2.1% to $4.358 billion, mainly due to an 18.7% drop in fuel and extractive industry shipments. Global trade conditions remain pressured by external factors, including the US’s new tariff policy, which is expected to maintain a 10% rate on Colombian imports.