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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 compfleted 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
Colombia is currently our 21st largest goods trading partner with $40 billion in total (two way) goods trade during 2013. Goods exports totaled $19 billion; Goods imports totaled $22 billion. The U.S. goods trade deficit with Colombia was $3 billion in 2013.
Colombia was the United States' 20th largest goods export market in 2013.
U.S. goods exports to Colombia in 2013 were $18.6 billion, up 13.8% ($2.3 billion) from 2012, and up 395% from 2003. U.S. exports to Colombia are up 30% from 2011 (Pre-FTA). U.S. exports to Colombia accounted for 1.2% of overall U.S. exports in 2013.
The top export categories (2-digit HS) in 2013 were: Mineral Fuel (oil) ($5.5 billion), Machinery ($2.7 billion), Electrical Machinery ($1.8 billion), Organic Chemicals ($987 million), and Vehicles ($756 million).
U.S. exports of agricultural products to Colombia totaled $1.5 billion in 2013, the 19th largest ag export market. Leading categories include: wheat ($228 million), corn ($172 million), soybean meal ($172 million), and pork and pork products ($88 million).
Colombia was the United States' 22nd largest supplier of goods imports in 2013.
U.S. goods imports from Colombia totaled $21.6 billion in 2013, a 12.2% decrease ($3.0 billion) from 2012, but up 239% from 2003. U.S. imports from Columbia are down 6.5% since 2011 (pre-FTA). U.S. imports to Colombia accounted for 1.0% of overall imports in 2013.
The five largest import categories in 2013 were: Mineral Fuel and Oil (crude) ($15.4 billion), Precious Stones (gold) ($2.5 billion), Spices, Coffee, and Tea (mostly coffee) ($939 million), Live Trees and Plants (cut flowers) ($669 million), and Edible Fruit and Nuts (bananas) ($261 million).
U.S. imports of ag products from Colombia totaled $2.2 billion in 2013, the 13th largest supplier of Ag imports. Leading categories include: coffee (unroasted) ($900 million), nursery products ($669 million), and bananas & plantains ($256 million).
The U.S. goods trade deficit with Colombia was $3.0 billion in 2013, a 63.6% decrease ($5.3 billion) over 2012.
U.S. foreign direct investment (FDI) in Colombia (stock) was $8.4 billion in 2012 (latest data available), 30.3% increase from 2011.
U.S. direct investment in Colombia is primarily concentrated in the manufacturing and finance/insurance sectors.
Colombia FDI in the United States (stock) was $779 million in 2012 (latest data available), down 16.6% from 2011.
The distribution of Colombia FDI in the United States was not available.
*NOTE: No services trade data with Colombia is available.