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Colombia

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The United States-Colombia Trade Promotion Agreement (CTPA) was signed on November 22, 2006. Colombia's Congress approved the CTPA and a protocol of amendment in 2007. Colombia's Constitutional Court completed its review in July 2008, and concluded that the Agreement conforms to Colombia's Constitution. The United States and Colombia implemented the CTPA on May 15, 2012.

U.S.-Colombia Trade Facts

U.S. goods and services trade with Colombia totaled an estimated $40.0 billion 9n 2015 (latest data available).  Exports were $22.8 billion; imports were $17.3 billion.  The U.S. goods and services trade surplus with Colombia was $5.5 billion in 2015.

Colombia is currently our 25th largest goods trading partner with $26.9 billion in total (two way) goods trade during 2016.  U.S. goods exports totaled $13.1 billion; U.S. goods imports totaled $13.8 billion. The U.S. goods trade deficit with Colombia was $696 million in 2016.

Trade in services with Colombia totaled an estimated $9.7 billion in 2015 (latest data available).  Services exports totaled $6.5 billion; services imports totaled $3.2 billion.  The U.S. services trade surplus with Colombia was $3.3 billion in 2015.

According to the Department of Commerce, U.S. exports of Goods and Services to Colombia supported an estimated 122 thousand jobs in 2015 (latest data available) (71 thousand supported by goods exports and 41 thousand supported by services exports).

Exports

  • Colombia was the United States' 22th largest goods export market in 2015.
     
  • U.S. goods exports to Colombia in 2016 were $13.1 billion, down 19.6% ($3.2 billion) from 2015 but up 95.3% from 2006.  U.S. exports to Colombia are down 8.6% from 2011 (pre-FTA).
     
  • The top export categories (2-digit HS) in 2015 were: mineral fuels ($3.0 billion), machinery ($1.4 billion), cereals (corn) ($1.0 billion), electrical machinery ($903 million), and organic chemicals ($771 million).
     
  • U.S. total exports of agricultural products to Colombia totaled $2.4 billion in 2016, our 12th largest agricultural export market. Leading domestic export categories include: corn ($767 million), soybean meal ($259 million), soybeans ($193 million), wheat ($181 million), and pork & pork products ($105 million).
     
  • U.S. exports of services to Colombia were an estimated $6.5 billion in 2015 (latest data available), 3.4% ($231 million) less than 2014.  Leading services exports from the United States to Colombia were in the travel, transport, and intellectual property (computer software) sectors.

Imports

  • Colombia was the United States' 25th largest supplier of goods imports in 2016.
     
  • U.S. goods imports from Colombia totaled $13.8 billion in 2016, down 2.0% ($279 million) from 2015, but up 48.9% from 2006. U.S. imports from Colombia are down 39.2% from 2011 (pre-FTA). U.S. imports from Colombia are down 40.3% from 2011 (pre-FTA).
     
  • The top import categories (2-digit HS) in 2016 were: mineral fuels ($7.6 billion), precious metal and stone (gold) ($2.1 billion), coffee, tea & spice (coffee) ($1.1 billion), live trees and plants (cut flowers) ($678 million), and special other (low value shipments) ($323 million).
     
  • U.S. total imports of agricultural products from Colombia totaled $2.3 billion in 2016, our 16th largest supplier of agricultural imports. Leading categories include: coffee, unroasted ($1.1 billion), nursery products ($678 million), bananas and plantains ($167 million), roasted & instant coffee ($96 million), and snack foods ($69 million).
     
  • U.S. imports of services from Colombia were an estimated $3.2 billion in 2015, 11.7% ($338 million) more than 2014.  Leading services imports from Colombia to the United States were in the transport, travel, and technical and other services sectors.

Trade Balance

  • The U.S. goods trade balance with Colombia shifted from a goods trade surplus of $2.2 billion in 2015 to a goods trade deficit of $696 million in 2016.
     
  • The United States has a services trade surplus of an estimated $3.3 billion with Colombia in 2015 (latest data available), down 14.9% from 2014.

Investment

  • U.S. foreign direct investment (FDI) in Colombia (stock) was $6.2 billion in 2015 (latest data available), a 13.3% decrease from 2014.  U.S. direct investment in Colombia is led by mining, manufacturing, and finance/insurance.
     
  • No data on Colombia’s FDI in the United States are available.
     
  • Sales of services in Colombia by majority U.S.-owned affiliates were $6.2 billion in 2014 (latest data available), while sales of services in the United States by majority Colombia-owned firms were $82 million.