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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 25th largest goods trading partner with $31 billion in total (two way) goods trade during 2015. Goods exports totaled $17 billion; goods imports totaled $14 billion. The U.S. goods trade surplus with Colombia was $2.4 billion in 2015.
According to the Department of Commerce, U.S. exports of goods to Colombia supported an estimated 77 thousand jobs in 2014 (latest data available).
- Colombia was the United States' 20th largest goods export market in 2015.
- U.S. goods exports to Colombia in 2015 were $17 billion, down 18% ($3.6 billion) from 2014 but up 202% from 2005. U.S. exports to Colombia are up 15.1% from 2011 (pre-FTA). U.S. exports to Colombia account for 1.1% of overall U.S. exports in 2015.
- The top export categories (2-digit HS) in 2015 were: mineral fuels ($4.6 billion), machinery ($2.0 billion), electrical machinery ($1.2 billion), cereals (corn) ($1.1 billion), and organic chemicals ($804 million).
- U.S. exports of agricultural products to Colombia totaled $2.4 billion in 2015, our 9th largest agricultural export market. Leading categories include: corn ($771 million), soybean meal ($311 million), soybeans ($199 million), wheat ($166 million), and rice ($150 million).
- Colombia was the United States' 27th largest supplier of goods imports in 2015.
- U.S. goods imports from Colombia totaled $14 billion in 2015, down 23% ($4.2 billion) from 2014, but up 59% from 2005. U.S. imports from Colombia are down 39.2% from 2011 (pre-FTA). U.S. imports from Colombia are down 39.2% from 2011 (pre-FTA).
- The top import categories (2-digit HS) in 2015 were: mineral fuels ($8.2 billion), precious metal and stone (gold) ($1.7 billion), coffee, tea & spice (coffee) ($1.2 billion), live trees and plants (cut flowers) ($623 million), and special other (low value shipments) ($260 million).
- U.S. imports of agricultural products from Colombia totaled $2.4 billion in 2015, our 17th largest supplier of agricultural imports. Leading categories include: coffee, unroasted ($1.2 billion), nursery products ($623 million), bananas and plantains ($202 million), roasted & instant coffee ($108 million), and snack foods ($69 million).
- The U.S. goods trade surplus with Colombia was $2.4 billion in 2015, a 35.4% increase ($639 million) over 2014.
- U.S. foreign direct investment (FDI) in Colombia (stock) was $7.1 billion in 2014 (latest data available), a 3.9% decrease from 2013. U.S. direct investment in Colombia is led by mining, manufacturing, and finance/insurance.
- Colombia's FDI in the United States (stock) was $961 million in 2014 (latest data available), up 46.3% from 2013. The distribution of Colombia FDI in the United States is not available.
- Sales of services in Colombia by majority U.S.-owned affiliates were $5.5 billion in 2013 (latest data available), while sales of services in the United States by majority Colombia-owned firms were $90 million.
NOTE: No services trade data with Colombia are available.