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
In 2019, Colombia GDP was an estimated $327.9 billion (current market exchange rates); real GDP was up by an estimated 3.3%; and the population was 50 million. (Source: IMF)
U.S. goods and services trade with Colombia totaled an estimated $40.7 billion in 2019. Exports were $22.0 billion; imports were $18.7 billion. The U.S. goods and services trade surplus with Colombia was $3.3 billion in 2019.
Colombia is currently our 25th largest goods trading partner with $28.9 billion in total (two way) goods trade during 2019. Goods exports totaled $14.7 billion; goods imports totaled $14.2 billion. The U.S. goods trade surplus with Colombia was $580 million in 2019.
Trade in services with Colombia (exports and imports) totaled an estimated $11.8 billion in 2019. Services exports were $7.2 billion; services imports were $4.5 billion. The U.S. services trade surplus with Colombia was $2.7 billion in 2019.
- Colombia was the United States' 22nd largest goods export market in 2019.
- U.S. goods exports to Colombia in 2019 were $14.7 billion, down 2.4% ($367 million) from 2018 but up 56.0% from 2009. U.S. exports to Colombia are up 2.9% from 2011 (pre-FTA).
- The top export categories (2-digit HS) in 2019 were: mineral fuels ($3.5 billion), machinery ($1.6 billion), electrical machinery ($1.1 billion), organic chemicals ($971 million), and cereals (corn) ($872 million).
- U.S. total exports of agricultural products to Colombia totaled $2.7 billion in 2019, our 12th largest agricultural export market. Leading domestic export categories include: corn ($682 million), soybean meal ($412 million), soybeans ($223 million), pork & pork products ($221 million), and dairy products ($145 million).
- U.S. exports of services to Colombia were an estimated $7.2 billion in 2019, 3.3% ($248 million) less than 2018, but 76.6% greater than 2009 levels. Leading services exports from the U.S. to Colombia were in the travel, transport, and telecommunications, computer, and information services sectors.
- Colombia was the United States' 25th largest supplier of goods imports in 2019.
- U.S. goods imports from Colombia totaled $14.2 billion in 2019, up 3.0% ($414 million) from 2018, and up 25% from 2009. U.S. imports from Colombia are down 38.7% from 2011 (pre-FTA).
- The top import categories (2-digit HS) in 2019 were: mineral fuels ($8.6 billion), coffee, tea & spice (coffee) ($1.2 billion), live trees and plants ($816 million), precious metal and stone (gold) ($753 million), and special other (low value estimates) ($353 million).
- U.S. total imports of agricultural products from Colombia totaled $2.7 billion in 2019, our 13th largest supplier of agricultural imports. Leading categories include: unroasted coffee ($1.1 billion), nursery products ($816 million), bananas and plantains ($172 million), roasted & instant coffee ($119 million), and snack foods ($76 million).
- U.S. imports of services from Colombia were an estimated $4.5 billion in 2019, 6.3% ($269 million) more than 2018, and 177% greater than 2009 levels. Leading services imports from Colombia to the U.S. were in the travel, transport, and intellectual property (industrial processes) sectors.
- The U.S. goods trade surplus with Colombia was $580 million in 2019, a 57.4% decrease ($781 million) over 2018.
- The United States has a services trade surplus of an estimated $2.7 billion with Colombia in 2019, down 15.9% from 2018.
- U.S. foreign direct investment (FDI) in Colombia (stock) was $8.3 billion in 2019, a 2.6% increase from 2018. U.S. direct investment in Colombia is led by mining, manufacturing, and finance and insurance.
- Colombia's FDI in the United States (stock) was $174 million in 2019, up 24.3% from 2018. There is no information on the distribution of Colombia FDI in the U.S.
- Sales of services in Colombia by majority U.S.-owned affiliates were $5.2 billion in 2017 (latest data available), while sales of services in the United States by majority Colombia-owned firms were $130 million.