1.  Overview the trade of COLOMBIA in goods current year until 202007

According to Dalian Infobank, in 202007, COLOMBIA's exports and imports of goods amounted to 6195.0573 million, and were down 20.76% comparing with the same period of last year. Among these, exports were down 21.63% at 2548.9198 million, and imports were down 20.13% at 3646.1374 million. And the corresponding trade deficit was 1097.2176 million and down 16.40%.

During the current year until 202007, COLOMBIA's total exports and imports of goods were 42148.4189 million and were down 21.91% comparing to the same period of last year. Among these, exports were 17743.7808 million and down 24.67%; imports were 24404.6381 million and down 19.77%. The total trade deficit was 6660.8573 million and down 2.97%.

If considering by country (region), UNITED STATES, CHINA, MEXICO, BRAZIL, ECUADOR were COLOMBIA's top five trading partners. During the current year until 202007, COLOMBIA's imports and exports to five countries/territories were 11279.3630 million, 6993.3152 million, 2420.9642 million, 1920.8294 million, 1265.1785 million. These values correspond to 26.76%, 16.59%, 5.74%, 4.56%, 3.00% of COLOMBIA's imports and exports, and, respectively, were down 25.09%, down 18.49%, down 22.16%, down 26.70%, down 20.43% comparing to the same period of last year.

Current year until 202007, COLOMBIA and the top five trade partners UNITED STATES, CHINA, PANAMA, MEXICO, ECUADOR are the top five countries/territories that COLOMBIA exports to in terms of the total export amount. During the current year until 202007, COLOMBIA's exports to these five countries/territories were 4978.9926 million, 1353.7776 million, 1085.5234 million, 805.6118 million, 796.1715 million. These values correspond to 28.06%, 7.63%, 6.12%, 4.54%, 4.49% of COLOMBIA's exports and, respectively, were down 31.32%, down 43.45%, down 28.00%, down 11.09%, down 27.17% comparing with the same period of last year.

Current year until 202007, 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 202007, COLOMBIA's imports from these five countries/territories were 6300.3704 million, 5639.5376 million, 1615.3524 million, 1229.2845 million, 953.1029 million. These values correspond to 25.82%, 23.11%, 6.62%, 5.04%, 3.91% of COLOMBIA's total imports and, respectively, were down 19.30%, down 8.83%, down 26.71%, down 30.17%, down 23.62% comparing with the same period of last year.

During the current year until 202007, the trade surplus of COLOMBIA was mainly from PANAMA, TURKEY, ECUADOR, NETHERLANDS, PUERTO RICO at 1075.0966 million, 476.8646 million, 327.1645 million, 307.9756 million, 264.2835 million, and down 26.23%, down 15.19%, down 45.14%, down 58.07%, up 3740.67%. And the trade deficits were mainly from CHINA, UNITED STATES, MEXICO, GERMANY, BRAZIL at 4285.7599 million, 1321.3778 million, 809.7406 million, 672.0686 million, 537.7396 million, and up 13.02%, up 136.65%, down 37.61%, down 30.23%, down 40.28%.

Current year until 202007, COLOMBIA's trade surplus or deficit with top five countries/territories During the current year until 202007,  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 9500.4183 million, 2998.7463 million, 2967.8549 million, 1931.0843 million, 1902.2530 million, which were down 40.67%, down 19.65%, down 14.94%, down 38.46%, down 16.26% comparing with the same period of last year and account for 22.54%, 7.11%, 7.04%, 4.58%, 4.51% of COLOMBIA's total imports and exports.

During the current year until 202007, 27, 71, 09, 06, 39 were COLOMBIA's top five traded commodities, with total import and export values of 7981.2417 million, 1400.5449 million, 1400.0916 million, 895.2447 million, 725.9523 million. These values correspond to 44.98%, 7.89%, 7.89%, 5.05%, 4.09% of COLOMBIA's total exports and, respectively, were down 40.09%, up 42.51%, up 3.07%, down 5.38%, down 16.82% comparing to the same period of last year.

During the current year until 202007, 84, 85, 87, 27, 30 were COLOMBIA's top five traded commodities, with total import values of 2830.2931 million, 2722.3612 million, 1735.1346 million, 1519.1766 million, 1476.7370 million. These values correspond to 11.60%, 11.16%, 7.11%, 6.22%, 6.05% of COLOMBIA's total exports and, respectively, were down 19.31%, down 15.57%, down 36.80%, down 43.54%, down 4.01% comparing to the same period of last year.

2. Current year until 202007, COLOMBIA binational trade profile

According to Dalian Infobank, during the current year until 202007, COLOMBIA-China binational exports and imports of goods amounted to 6993.3152 million and were down 18.49% comparing with the same period of last year. Among these, exports from COLOMBIA to China were 1353.7776 million and down 43.45%, imports from China to COLOMBIA were 5639.5376 million and down 8.83%. The total binational trade deficit was 4285.7599 million and up 13.02%.

During the urrent year until 202007, commodities with hs2 code, 85, 27, 84, 63, 72, were binational trade's top five traded commodities. They correspond to import and export values of 1555.4010 million, 1145.8601 million, 1009.7198 million, 377.9310 million, 277.2841 million and makes up 22.24%, 16.39%, 14.44%, 5.40%, 3.96% of the total binational imports and exports. These values were also down 14.28%, down 45.92%, down 3.34%, up 1376.07%, down 39.45% comparing to the same period last year.

During the current year until 202007, 27, 72, 26, 09, 38 were the top five traded commodities exported to China from COLOMBIA, with export values of 1139.4303 million, 113.7833 million, 46.3036 million, 9.2099 million, 8.0471 million. These values account for 84.17%, 8.40%, 3.42%, 0.68%, 0.59% of COLOMBIA's total exports and were down 46.04%, down 43.54%, up 38.11%, down 8.21%, up 31.67% comparing to the same period of last year.

During the current year until 202007, 85, 84, 63, 29, 90 were COLOMBIA's top five traded commodities importing from China , with import values of 1554.9705 million, 1009.2469 million, 374.1741 million, 239.9390 million, 227.1647 million. These values account for 27.57%, 17.90%, 6.63%, 4.25%, 4.03% of COLOMBIA's total imports and were down 14.30%, down 3.37%, up 1361.39%, down 7.01%, up 50.86% 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