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Monitor Report of COLOMBIA trade and COLOMBIA-China binational trade in 202110

 1.  Overview the trade of COLOMBIA in goods current year until 202110

According to Dalian Infobank, in 202110COLOMBIA's exports and imports of goods amounted to 9604.9336 million, and were up 51.64% comparing with the same period of last year. Among these, exports were up 44.43% at 3795.0478 million, and imports were up 56.76% at 5809.8859 million. And the corresponding trade deficit was 2014.8381 million and up 86.79%.

During the current year until 202110, COLOMBIA's total exports and imports of goods were 80208.2579 million and were up 32.29% comparing to the same period of last year. Among these, exports were 31862.4698 million and up 25.08%; imports were 48345.7881 million and up 37.51%. The total trade deficit was 16483.3183 million and up 70.19%.

If considering by country (region), UNITED STATES, CHINA, BRAZIL, MEXICO, INDIA were COLOMBIA's top five trading partners. During the current year until 202110, COLOMBIA's imports and exports to five countries/territories were 19846.4908 million, 14743.5359 million, 4380.9087 million, 3976.2056 million, 2207.0160 million. These values correspond to 24.74%, 18.38%, 5.46%, 4.96%, 2.75% of COLOMBIA's imports and exports, and, respectively, were up 24.11%, up 40.72%, up 53.38%, up 18.14%, up 68.09% comparing to the same period of last year.

Current year until 202110, COLOMBIA and the top five trade partners UNITED STATES, CHINA, BRAZIL, PANAMA, ECUADOR are the top five countries/territories that COLOMBIA exports to in terms of the total export amount. During the current year until 202110, COLOMBIA's exports to these five countries/territories were 8876.2774 million, 3080.0627 million, 1570.3142 million, 1549.6070 million, 1432.4783 million. These values correspond to 27.86%, 9.67%, 4.93%, 4.86%, 4.50% of COLOMBIA's exports and, respectively, were up 23.21%, up 45.99%, up 57.20%, up 6.32%, up 23.74% comparing with the same period of last year.

Current year until 202110, COLOMBIA's exports to top five countries/territories CHINA, UNITED STATES, 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 202110, COLOMBIA's imports from these five countries/territories were 11663.4732 million, 10970.2134 million, 3023.1907 million, 2810.5945 million, 1617.9606 million. These values correspond to 24.13%, 22.69%, 6.25%, 5.81%, 3.35% of COLOMBIA's total imports and, respectively, were up 39.39%, up 24.85%, up 28.83%, up 51.33%, up 19.68% comparing with the same period of last year.

During the current year until 202110, the trade surplus of COLOMBIA was mainly from PANAMA, ECUADOR, TURKEY, PUERTO RICO, NETHERLANDS at 1518.1976 million, 771.7093 million, 684.2542 million, 419.7007 million, 348.6241 million, and up 5.40%, up 54.71%, up 7.98%, up 10.30%, down 12.55%. And the trade deficits were mainly from CHINA, UNITED STATES, MEXICO, BRAZIL, GERMANY at 8583.4105 million, 2093.9361 million, 2070.1757 million, 1240.2803 million, 1051.9429 million, and up 37.17%, up 32.31%, up 55.91%, up 44.50%, up 10.08%.

Current year until 202110, COLOMBIA's trade surplus or deficit with top five countries/territories During the current year until 202110,  commodities with hs2 codes, 27, 85, 84, 39, 87, were COLOMBIA's top five traded commodities. They correspond to the import and export values of 16826.5147 million, 5541.6680 million, 5394.5038 million, 4168.6029 million, 4133.8309 million, which were up 30.80%, up 26.02%, up 21.37%, up 51.85%, up 38.98% comparing with the same period of last year and account for 20.98%, 6.91%, 6.73%, 5.20%, 5.15% of COLOMBIA's total imports and exports.

During the current year until 202110, 27, 71, 09, 39, 06 were COLOMBIA's top five traded commodities, with total import and export values of 13993.1407 million, 2661.3041 million, 2512.5853 million, 1619.6342 million, 1448.2047 million. These values correspond to 43.92%, 8.35%, 7.89%, 5.08%, 4.55% of COLOMBIA's total exports and, respectively, were up 27.90%, up 12.54%, up 26.10%, up 52.64%, up 20.79% comparing to the same period of last year.

During the current year until 202110, 85, 84, 87, 30, 27 were COLOMBIA's top five traded commodities, with total import values of 5074.3834 million, 5048.4990 million, 3872.0082 million, 3085.4802 million, 2833.3740 million. These values correspond to 10.50%, 10.44%, 8.01%, 6.38%, 5.86% of COLOMBIA's total exports and, respectively, were up 27.10%, up 21.06%, up 43.59%, up 48.05%, up 47.35% comparing to the same period of last year.


2. Current year until 202110, COLOMBIA binational trade profile

According to Dalian Infobank, during the current year until 202110, COLOMBIA-China binational exports and imports of goods amounted to 14743.5359 million and were up 40.72% comparing with the same period of last year. Among these, exports from COLOMBIA to China were 3080.0627 million and up 45.99%, imports from China to COLOMBIA were 11663.4732 million and up 39.39%. The total binational trade deficit was 8583.4105 million and up 37.17%.

During the urrent year until 202110, commodities with hs2 code, 85, 27, 84, 72, 87, were binational trade's top five traded commodities. They correspond to import and export values of 2901.5421 million, 2606.2136 million, 2049.5295 million, 906.9952 million, 516.2664 million and makes up 19.68%, 17.68%, 13.90%, 6.15%, 3.50% of the total binational imports and exports. These values were also up 27.83%, up 46.26%, up 35.44%, up 116.01%, up 24.01% comparing to the same period last year.

During the current year until 202110, 27, 72, 74, 26, 09 were the top five traded commodities exported to China from COLOMBIA, with export values of 2594.7545 million, 172.4480 million, 90.7303 million, 85.1512 million, 44.5503 million. These values account for 84.24%, 5.60%, 2.95%, 2.76%, 1.45% of COLOMBIA's total exports and were up 46.37%, down 13.58%, up 3355.78%, up 31.55%, up 172.44% comparing to the same period of last year.

During the current year until 202110, 85, 84, 72, 87, 29 were COLOMBIA's top five traded commodities importing from China , with import values of 2899.9938 million, 2048.7807 million, 734.5472 million, 516.1018 million, 507.2826 million. These values account for 24.86%, 17.57%, 6.30%, 4.42%, 4.35% of COLOMBIA's total imports and were up 27.79%, up 35.46%, up 233.37%, up 24.05%, up 52.99% 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