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Goods Imports: CIF, by origin Goods Exports: FOB, by last known destination Trade System: Special
Overview:
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$.
Graph 1: Total merchandise trade, by value Graph 2: Total services trade, by value
(Bln US$ by year) (Bln US$ by year)
Exports Imports Trade Balance Exports Imports Trade Balance
70 12
60 10
50 8
40
6
30
20 4
10 2 (na)
0 0
10 (na)
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60 10
70 12
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Exports Profile: Graph 3: Exports of services by EBOPS category
"Mineral fuels, lubricants" (SITC section 3), "food, animals + beverages, (% share in 2012)
tobacco" (SITC section 0+1) and "chemicals" (SITC section 5) were the
largest commodity groups for exports in 2013 representing respectively
66.8, 8.4 and 6.3 percent of exported goods (see table 2). From 2011 to Transportation
2013, the largest export commodity was "petroleum oils and oils ( 28.2 %)
obtained from bituminous minerals, crude" (HS code 2709) (see table 1). Travel ( 44.7 %)
The top three destinations for merchandise exports were the United
States, China and Panama, accounting for respectively 35.7, 5.9 and 4.6
percent of total exports. "Travel" (EBOPS code 236) accounted for the
largest share of exports of services in 2012 at 2.4 bln US$, followed by
"Transportation" (EBOPS code 205) at 1.5 bln US$ and "Other business
services" (EBOPS code 268) at 742.5 mln US$ (see graph 3). Other business
Remaining ( 7.4 %) ( 14.1 %)
Communication
( 5.6 %)
Table 2: Merchandise exports by SITC Table 3: Merchandise imports by SITC SITC Legend
(Value in million US$, growth and shares in percentage) (Value in million US$, growth and shares in percentage)
Avg. Growth rates 2013 Avg. Growth rates 2013 SITC
SITC 2013 2009-2013 2012-2013 share SITC 2013 2009-2013 2012-2013 share Code Description
Total 58 821.9 15.7 -2.4 100.0 Total 59 381.2 15.9 2.2 100.0 Total All commodities
0+1 4 925.4 1.3 -0.7 8.4 0+1 5 112.0 15.0 0.8 8.6 0+1 Food, animals + beverages, tobacco
2+4 2 239.4 6.9 2.5 3.8 2+4 1 414.4 10.2 -8.1 2.4 2+4 Crude materials + anim. & veg. oils
3 39 276.2 25.6 -0.8 66.8 3 6 386.7 50.7 12.8 10.8 3 Mineral fuels, lubricants
5 3 733.2 8.3 8.9 6.3 5 10 318.5 13.9 4.9 17.4 5 Chemicals
6 3 048.4 -3.0 -14.1 5.2 6 8 321.2 14.0 -3.8 14.0 6 Goods classified chiefly by material
7 1 834.5 6.5 22.9 3.1 7 22 097.8 12.6 1.1 37.2 7 Machinery and transport equipment
8 1 499.5 -0.6 -8.1 2.5 8 5 078.0 16.9 3.3 8.6 8 Miscellaneous manufactured articles
9 2 265.2 9.6 -33.6 3.9 9 652.5 24.8 17.0 1.1 9 Not classified elsewhere in the SITC
%
0%
%
0%
5
15
0
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1
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80
60
40
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80
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Graph 6: Imports of services by EBOPS category Imports Profile:
(% share in 2012) "Machinery and transport equipment" (SITC section 7), "chemicals" (SITC
Travel ( 24.3 %) section 5) and "goods classified chiefly by material" (SITC section 6) were
the largest commodity groups for imports in 2013 representing respectively
37.2, 17.4 and 14.0 percent of imported goods (see table 3). From 2011 to
2013, the largest import commodity was "petroleum oils, other than crude"
(HS code 2710) (see table 4). The top three partners for merchandise
Transportation Other business
imports were the United States, China and Mexico, accounting for
( 33.1 %) ( 20.9 %)
respectively 25.7, 16.3 and 10.4 percent of total imports. "Transportation"
(EBOPS code 205) accounted for the largest share of imports of services in
2012 at 3.6 bln US$, followed by "Travel" (EBOPS code 236) at 2.6 bln US$
and "Other business services" (EBOPS code 268) at 2.2 bln US$ (see
Insurance ( 7.8 %) graph 6).
Remaining ( 14.0 %)