1.  Overview the trade of COLOMBIA in goods current year until 202008

According to Dalian Infobank, in 202008, COLOMBIA's exports and imports of goods amounted to 6141.2045 million, and were down 24.90% comparing with the same period of last year. Among these, exports were down 21.28% at 2569.9639 million, and imports were down 27.31% at 3571.2406 million. And the corresponding trade deficit was 1001.2767 million and down 39.25%.

During the current year until 202008, COLOMBIA's total exports and imports of goods were 48289.6234 million and were down 22.31% comparing to the same period of last year. Among these, exports were 20313.7447 million and down 24.26%; imports were 27975.8787 million and down 20.82%. The total trade deficit was 7662.1341 million and down 9.99%.

If considering by country (region), UNITED STATES, CHINA, MEXICO, BRAZIL, ECUADOR were COLOMBIA's top five trading partners. During the current year until 202008, COLOMBIA's imports and exports to five countries/territories were 12857.5564 million, 8265.3789 million, 2721.6127 million, 2209.8529 million, 1427.5484 million. These values correspond to 26.63%, 17.12%, 5.64%, 4.58%, 2.96% of COLOMBIA's imports and exports, and, respectively, were down 25.86%, down 17.34%, down 22.94%, down 27.39%, down 21.85% comparing to the same period of last year.

Current year until 202008, COLOMBIA and the top five trade partners UNITED STATES, CHINA, PANAMA, ECUADOR, MEXICO are the top five countries/territories that COLOMBIA exports to in terms of the total export amount. During the current year until 202008, COLOMBIA's exports to these five countries/territories were 5728.9542 million, 1615.5556 million, 1254.1467 million, 895.8113 million, 870.1735 million. These values correspond to 28.20%, 7.95%, 6.17%, 4.41%, 4.28% of COLOMBIA's exports and, respectively, were down 30.56%, down 42.18%, down 25.77%, down 29.33%, down 13.96% comparing with the same period of last year.

Current year until 202008, 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 202008, COLOMBIA's imports from these five countries/territories were 7128.6022 million, 6649.8233 million, 1851.4392 million, 1424.3464 million, 1087.1803 million. These values correspond to 25.48%, 23.77%, 6.62%, 5.09%, 3.89% of COLOMBIA's total imports and, respectively, were down 21.60%, down 7.70%, down 26.54%, down 31.56%, down 23.27% comparing with the same period of last year.

During the current year until 202008, the trade surplus of COLOMBIA was mainly from PANAMA, TURKEY, ECUADOR, NETHERLANDS, PUERTO RICO at 1242.3922 million, 539.5105 million, 364.0741 million, 353.9981 million, 312.1666 million, and down 24.16%, down 11.62%, down 48.60%, down 56.13%, up 5056.26%. And the trade deficits were mainly from CHINA, UNITED STATES, MEXICO, GERMANY, BRAZIL at 5034.2677 million, 1399.6480 million, 981.2657 million, 765.9477 million, 638.8399 million, and up 14.15%, up 66.23%, down 34.98%, down 30.00%, down 42.90%.

Current year until 202008, COLOMBIA's trade surplus or deficit with top five countries/territories During the current year until 202008,  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 10735.1043 million, 3476.5888 million, 3436.0517 million, 2303.3316 million, 2161.1400 million, which were down 41.17%, down 18.94%, down 15.24%, down 36.98%, down 16.53% comparing with the same period of last year and account for 22.23%, 7.20%, 7.12%, 4.77%, 4.48% of COLOMBIA's total imports and exports.

During the current year until 202008, 27, 71, 09, 06, 39 were COLOMBIA's top five traded commodities, with total import and export values of 9070.9709 million, 1687.8379 million, 1601.2631 million, 988.4458 million, 832.4960 million. These values correspond to 44.65%, 8.31%, 7.88%, 4.87%, 4.10% of COLOMBIA's total exports and, respectively, were down 39.63%, up 43.28%, up 1.52%, down 7.98%, down 15.58% comparing to the same period of last year.

During the current year until 202008, 84, 85, 87, 30, 27 were COLOMBIA's top five traded commodities, with total import values of 3277.4629 million, 3146.8454 million, 2082.6672 million, 1690.3190 million, 1664.1334 million. These values correspond to 11.72%, 11.25%, 7.44%, 6.04%, 5.95% of COLOMBIA's total exports and, respectively, were down 18.78%, down 15.99%, down 35.18%, down 4.39%, down 48.36% comparing to the same period of last year.

2. Current year until 202008, COLOMBIA binational trade profile

According to Dalian Infobank, during the current year until 202008, COLOMBIA-China binational exports and imports of goods amounted to 8265.3789 million and were down 17.34% comparing with the same period of last year. Among these, exports from COLOMBIA to China were 1615.5556 million and down 42.18%, imports from China to COLOMBIA were 6649.8233 million and down 7.70%. The total binational trade deficit was 5034.2677 million and up 14.15%.

During the urrent year until 202008, 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 1794.7317 million, 1373.8482 million, 1182.5067 million, 426.0353 million, 329.9985 million and makes up 21.71%, 16.62%, 14.31%, 5.15%, 3.99% of the total binational imports and exports. These values were also down 13.84%, down 44.22%, down 2.02%, up 1325.22%, down 39.69% comparing to the same period last year.

During the current year until 202008, 27, 72, 26, 09, 38 were the top five traded commodities exported to China from COLOMBIA, with export values of 1366.2104 million, 141.5400 million, 47.5722 million, 11.5913 million, 8.3473 million. These values account for 84.57%, 8.76%, 2.94%, 0.72%, 0.52% of COLOMBIA's total exports and were down 44.36%, down 43.73%, up 40.39%, down 1.81%, up 28.18% comparing to the same period of last year.

During the current year until 202008, 85, 84, 63, 87, 90 were COLOMBIA's top five traded commodities importing from China , with import values of 1794.2621 million, 1182.0141 million, 422.2784 million, 320.4797 million, 284.9401 million. These values account for 26.98%, 17.78%, 6.35%, 4.82%, 4.28% of COLOMBIA's total imports and were down 13.86%, down 2.05%, up 1312.65%, up 20.34%, up 63.18% 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