1.  Overview the trade of COLOMBIA in goods current year until 202004

According to Dalian Infobank, in 202004, COLOMBIA's exports and imports of goods amounted to 4940.7065 million, and were down 41.12% comparing with the same period of last year. Among these, exports were down 52.26% at 1843.9390 million, and imports were down 31.62% at 3096.7675 million. And the corresponding trade deficit was 1252.8285 million and up 88.21%.

During the current year until 202004, COLOMBIA's total exports and imports of goods were 25661.9336 million and were down 15.97% comparing to the same period of last year. Among these, exports were 10679.4096 million and down 20.64%; imports were 14982.5240 million and down 12.30%. The total trade deficit was 4303.1145 million and up 18.65%.

If considering by country (region), UNITED STATES, CHINA, MEXICO, BRAZIL, PANAMA were COLOMBIA's top five trading partners. During the current year until 202004, COLOMBIA's imports and exports to five countries/territories were 7081.1341 million, 3706.0068 million, 1679.1305 million, 1221.8622 million, 794.2644 million. These values correspond to 27.59%, 14.44%, 6.54%, 4.76%, 3.10% of COLOMBIA's imports and exports, and, respectively, were down 18.86%, down 20.43%, down 8.12%, down 15.03%, down 15.82% comparing to the same period of last year.

Current year until 202004, COLOMBIA and the top five trade partners UNITED STATES, PANAMA, CHINA, MEXICO, ECUADOR are the top five countries/territories that COLOMBIA exports to in terms of the total export amount. During the current year until 202004, COLOMBIA's exports to these five countries/territories were 2879.7205 million, 787.2107 million, 730.9980 million, 567.9045 million, 515.1993 million. These values correspond to 26.97%, 7.37%, 6.84%, 5.32%, 4.82% of COLOMBIA's exports and, respectively, were down 32.21%, down 12.44%, down 37.02%, up 4.70%, down 13.76% comparing with the same period of last year.

Current year until 202004, COLOMBIA's exports to top five countries/territories UNITED STATES, CHINA, MEXICO, BRAZIL, GERMANY are the top five countries/territories that COLOMBIA imports from in terms of the total export amount. During the current year until 202004, COLOMBIA's imports from these five countries/territories were 4201.4136 million, 2975.0088 million, 1111.2260 million, 773.2840 million, 574.3720 million. These values correspond to 28.04%, 19.86%, 7.42%, 5.16%, 3.83% of COLOMBIA's total imports and, respectively, were down 6.20%, down 14.92%, down 13.53%, down 20.66%, down 25.68% comparing with the same period of last year.

During the current year until 202004, the trade surplus of COLOMBIA was mainly from PANAMA, TURKEY, ECUADOR, ST. LUCIA, NETHERLANDS at 780.1570 million, 334.4992 million, 266.7669 million, 175.4668 million, 154.6356 million, and down 8.71%, down 4.78%, down 14.25%, down 39.86%, down 63.03%. And the trade deficits were mainly from CHINA, UNITED STATES, MEXICO, GERMANY, BRAZIL at 2244.0109 million, 1321.6930 million, 543.3215 million, 416.6777 million, 324.7059 million, and down 3.94%, up 472.17%, down 26.85%, down 32.04%, down 36.50%.

Current year until 202004, COLOMBIA's trade surplus or deficit with top five countries/territories During the current year until 202004,  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 6367.9197 million, 1826.8923 million, 1679.3804 million, 1392.4557 million, 1204.8485 million, which were down 29.55%, down 10.96%, down 15.63%, down 22.17%, down 7.65% comparing with the same period of last year and account for 24.81%, 7.12%, 6.54%, 5.43%, 4.70% of COLOMBIA's total imports and exports.

During the current year until 202004, 27, 09, 71, 06, 39 were COLOMBIA's top five traded commodities, with total import and export values of 5192.8506 million, 793.1444 million, 636.2710 million, 540.4930 million, 449.4482 million. These values correspond to 48.62%, 7.43%, 5.96%, 5.06%, 4.21% of COLOMBIA's total exports and, respectively, were down 31.32%, down 7.98%, up 9.16%, up 3.67%, down 8.65% comparing to the same period of last year.

During the current year until 202004, 84, 85, 87, 27, 30 were COLOMBIA's top five traded commodities, with total import values of 1718.6959 million, 1543.0667 million, 1261.4157 million, 1175.0691 million, 830.3741 million. These values correspond to 11.47%, 10.30%, 8.42%, 7.84%, 5.54% of COLOMBIA's total exports and, respectively, were down 10.52%, down 16.06%, down 19.45%, down 20.49%, down 2.80% comparing to the same period of last year.

2. Current year until 202004, COLOMBIA binational trade profile

According to Dalian Infobank, during the current year until 202004, COLOMBIA-China binational exports and imports of goods amounted to 3706.0068 million and were down 20.43% comparing with the same period of last year. Among these, exports from COLOMBIA to China were 730.9980 million and down 37.02%, imports from China to COLOMBIA were 2975.0088 million and down 14.92%. The total binational trade deficit was 2244.0109 million and down 3.94%.

During the urrent year until 202004, commodities with hs2 code, 85, 27, 84, 72, 29, were binational trade's top five traded commodities. They correspond to import and export values of 809.1853 million, 619.1585 million, 572.2856 million, 160.7212 million, 126.6194 million and makes up 21.83%, 16.71%, 15.44%, 4.34%, 3.42% of the total binational imports and exports. These values were also down 23.62%, down 36.75%, down 0.37%, down 45.73%, down 11.92% comparing to the same period last year.

During the current year until 202004, 27, 72, 26, 38, 09 were the top five traded commodities exported to China from COLOMBIA, with export values of 616.1084 million, 70.6143 million, 12.9056 million, 6.0937 million, 5.5658 million. These values account for 84.28%, 9.66%, 1.77%, 0.83%, 0.76% of COLOMBIA's total exports and were down 36.76%, down 50.86%, down 2.03%, up 38.91%, down 9.39% comparing to the same period of last year.

During the current year until 202004, 85, 84, 29, 39, 87 were COLOMBIA's top five traded commodities importing from China , with import values of 808.9131 million, 572.0602 million, 126.2633 million, 124.5821 million, 123.1541 million. These values account for 27.19%, 19.23%, 4.24%, 4.19%, 4.14% of COLOMBIA's total imports and were down 23.64%, down 0.40%, down 11.68%, down 4.11%, up 12.60% 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