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Colombia Tariff Rate

Colombia's tariff rate rose to 3.55% in 2022, up from 3.19% in 2021, according to World Bank. This represents an increase of 0.36% from the previous year. Colombia has tariff rate lower than the global median (3.55% vs median 5.90%). Compared with the median in Americas, Colombia is lower (3.55% vs regional median 9.44%) and ranks 28th out of 38 countries in Americas.

Yearly Historical Data (1991-2022)

(in %)
Year Tariff Rate (%)
2022 3.55%
2021 3.19%
2020 2.52%
2019 2.85%
2018 3.2%
2017 4.39%
2016 5.04%
2015 5%
2014 5.15%
2013 5.66%
2012 5.52%
2011 6.79%
2010 11.25%
2009 10.69%
2008 10.78%
2007 10.8%
2006 11.23%
2005 11.91%
2004 11.74%
2003 12.75%
2002 12.8%
2001 12.79%
2000 12.76%
1999 12.46%
1998 12.39%
1997 12.36%
1996 12.24%
1995 13.81%
1994 12.48%
1992 12.02%
1991 5.98%
Colombia Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Colombia on all products, expressed as a percentage.
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
Net Trade (Goods & Services, BoP) -$9.77B -$7.78B 2024
Trade (% GDP) 36.89% 40.39% 2024