1.  Overview the trade of COLOMBIA in goods current year until 202308

According to Dalian Infobank, in 202308, COLOMBIA's exports and imports of goods amounted to 9235.0974 million, and were down 20.98% comparing with the same period of last year. Among these, exports were down 10.07% at 3946.9179 million, and imports were down 27.54% at 5288.1795 million. And the corresponding trade deficit was 1341.2617 million and down 53.89%.

During the current year until 202308, COLOMBIA's total exports and imports of goods were 74723.5180 million and were down 18.25% comparing to the same period of last year. Among these, exports were 32669.2180 million and down 15.61%; imports were 42054.2999 million and down 20.19%. The total trade deficit was 9385.0819 million and down 32.87%.

If considering by country (region), UNITED STATES, CHINA, BRAZIL, MEXICO, PANAMA were COLOMBIA's top five trading partners. During the current year until 202308, COLOMBIA's imports and exports to five countries/territories were 19126.0652 million, 10479.1607 million, 4249.0461 million, 3322.3064 million, 2788.6688 million. These values correspond to 25.60%, 14.02%, 5.69%, 4.45%, 3.73% of COLOMBIA's imports and exports, and, respectively, were down 18.88%, down 25.47%, down 16.25%, down 13.54%, down 33.46% comparing to the same period of last year.

Current year until 202308, COLOMBIA and the top five trade partners UNITED STATES, PANAMA, CHINA, NETHERLANDS, INDIA are the top five countries/territories that COLOMBIA exports to in terms of the total export amount. During the current year until 202308, COLOMBIA's exports to these five countries/territories were 8693.4297 million, 2769.2529 million, 1566.5288 million, 1418.4553 million, 1379.1056 million. These values correspond to 26.61%, 8.48%, 4.80%, 4.34%, 4.22% of COLOMBIA's exports and, respectively, were down 14.34%, down 33.48%, up 12.66%, down 18.39%, down 20.22% comparing with the same period of last year.

Current year until 202308, COLOMBIA's exports to top five countries/territories UNITED STATES, CHINA, BRAZIL, MEXICO, GERMANY are the top five countries/territories that COLOMBIA imports from in terms of the total export amount. During the current year until 202308, COLOMBIA's imports from these five countries/territories were 10432.6355 million, 8912.6320 million, 3000.0905 million, 2057.7054 million, 1598.0654 million. These values correspond to 24.81%, 21.19%, 7.13%, 4.89%, 3.80% of COLOMBIA's total imports and, respectively, were down 22.31%, down 29.66%, down 13.44%, down 24.75%, down 0.68% comparing with the same period of last year.

During the current year until 202308, the trade surplus of COLOMBIA was mainly from PANAMA, NETHERLANDS, ECUADOR, POLAND, PUERTO RICO at 2749.8369 million, 1086.3016 million, 722.4844 million, 616.0303 million, 451.4756 million, and down 33.51%, down 20.30%, up 15.06%, up 3639.74%, up 105.80%. And the trade deficits were mainly from CHINA, BRAZIL, UNITED STATES, GERMANY, FRANCE at 7346.1032 million, 1751.1350 million, 1739.2058 million, 1189.3704 million, 1118.7858 million, and down 34.87%, down 5.78%, down 46.97%, up 3.56%, down 28.88%.

Current year until 202308, COLOMBIA's trade surplus or deficit with top five countries/territories During the current year until 202308,  commodities with hs2 codes, 27, 84, 85, 87, 39, were COLOMBIA's top five traded commodities. They correspond to the import and export values of 20334.6793 million, 4620.9621 million, 4557.9880 million, 3710.2612 million, 2748.0052 million, which were down 23.03%, down 15.04%, down 20.76%, down 10.54%, down 34.86% comparing with the same period of last year and account for 27.21%, 6.18%, 6.10%, 4.97%, 3.68% of COLOMBIA's total imports and exports.

During the current year until 202308, 27, 71, 09, 06, 39 were COLOMBIA's top five traded commodities, with total import and export values of 16288.1692 million, 2346.8657 million, 1947.9163 million, 1496.2201 million, 996.9859 million. These values correspond to 49.86%, 7.18%, 5.96%, 4.58%, 3.05% of COLOMBIA's total exports and, respectively, were down 23.37%, up 16.01%, down 30.89%, down 2.27%, down 30.36% comparing to the same period of last year.

During the current year until 202308, 84, 85, 27, 87, 30 were COLOMBIA's top five traded commodities, with total import values of 4289.9842 million, 4059.9152 million, 4046.5100 million, 3333.5605 million, 2403.4925 million. These values correspond to 10.20%, 9.65%, 9.62%, 7.93%, 5.72% of COLOMBIA's total exports and, respectively, were down 16.23%, down 23.88%, down 21.64%, down 14.40%, down 0.63% comparing to the same period of last year.

2. Current year until 202308, COLOMBIA binational trade profile

According to Dalian Infobank, during the current year until 202308, COLOMBIA-China binational exports and imports of goods amounted to 10479.1607 million and were down 25.47% comparing with the same period of last year. Among these, exports from COLOMBIA to China were 1566.5288 million and up 12.66%, imports from China to COLOMBIA were 8912.6320 million and down 29.66%. The total binational trade deficit was 7346.1032 million and down 34.87%.

During the urrent year until 202308, commodities with hs2 code, 85, 84, 27, 72, 39, were binational trade's top five traded commodities. They correspond to import and export values of 2391.1571 million, 1482.8876 million, 1001.1705 million, 701.7398 million, 448.1653 million and makes up 22.82%, 14.15%, 9.55%, 6.70%, 4.28% of the total binational imports and exports. These values were also down 26.71%, down 31.95%, up 30.42%, down 13.10%, down 34.96% comparing to the same period last year.

During the current year until 202308, 27, 72, 74, 26, 15 were the top five traded commodities exported to China from COLOMBIA, with export values of 991.4846 million, 228.3791 million, 114.2040 million, 79.2080 million, 63.9933 million. These values account for 63.29%, 14.58%, 7.29%, 5.06%, 4.09% of COLOMBIA's total exports and were up 33.60%, down 16.43%, down 20.76%, up 68.07%, up 22.98% comparing to the same period of last year.

During the current year until 202308, 85, 84, 72, 39, 29 were COLOMBIA's top five traded commodities importing from China , with import values of 2386.7119 million, 1482.3991 million, 473.3607 million, 445.6496 million, 380.3954 million. These values account for 26.78%, 16.63%, 5.31%, 5.00%, 4.27% of COLOMBIA's total imports and were down 26.83%, down 31.96%, down 11.40%, down 35.27%, down 35.21% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Direccion de Impuestos y Aduanas Nacionales de Colombia