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Colombia Net Trade (Goods & Services, BoP)

Colombia's net trade (goods & services, bop) rose to $-9.77 billion in 2024, up from $-7.78 billion in 2023, according to World Bank. This represents an increase of 25.6% ($1.99 billion) from the previous year. Colombia has the 19th lowest net trade (goods & services, bop). Within Americas, it ranks 36th out of 39 countries.

Yearly Historical Data (1968-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 -9.77
2023 -7.78
2022 -16.09
2021 -20
2020 -13.1
2019 -14.15
2018 -10.56
2017 -8.76
2016 -13.45
2015 -19
2014 -12.33
2013 -3.25
2012 -1.46
2011 0.53
2010 -2.25
2009 -0.81
2008 -2.3
2007 -3.44
2006 -1.95
2005 -0.69
2004 -0.48
2003 -1.03
2002 -1.31
2001 -0.97
2000 1.33
1999 0.57
1998 -3.91
1997 -4.14
1996 -3.28
1995 -3.72
1994 -3.28
1993 -1.46
1992 1.19
1991 2.74
1990 1.82
1989 1.2
1988 0.56
1987 1.32
1986 1.35
1985 -0.6
1984 -0.12
1983 -1.95
1982 -2.25
1981 -1.72
1980 -0.13
1979 0.63
1978 0.53
1977 0.65
1976 0.47
1975 0.1
1974 -0.22
1973 0.12
1972 -0.03
1971 -0.31
1970 -0.16
1969 -0.08
1968 -0.1
Colombia Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Colombia, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $49.77B $56.91B 2023
Annual Imports $62.78B $77.41B 2023
Balance of Trade -$2B -$2B Aug'25
Exports $3.8B $4.4B Aug'25
Exports (% GDP) 15.97% 17.83% 2024
FDI Inflows (% GDP) 3.4% 4.58% 2024
Imports $5.8B $6.5B Aug'25
Imports (% GDP) 20.92% 22.56% 2024
Tariff Rate 3.55% 3.19% 2022
Trade (% GDP) 36.89% 40.39% 2024