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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 $36.1 billion in 2016 (latest data available). Exports were $19.3 billion; imports were $16.8 billion. The U.S. goods and services trade surplus with Colombia was $2.5 billion in 2016.
Colombia is currently our 26th largest goods trading partner with $26.9 billion in total (two way) goods trade during 2016. Goods exports totaled $13.3 billion; goods imports totaled $13.6 billion. The U.S. goods trade deficit with Colombia was $244 million in 2016.
Trade in services with Colombia totaled an estimated $9.2 billion in 2016 (latest data available). Services exports totaled $6.2 billion; services imports totaled $3.0 billion. The U.S. services trade surplus with Colombia was $3.2 billion in 2016.
According to the Department of Commerce, U.S. exports of Goods and Services to Colombia supported an estimated 112 thousand jobs in 2015 (latest data available) (71 thousand supported by goods exports and 41 thousand supported by services exports).
- Colombia was the United States' 22nd largest goods export market in 2017.
- U.S. goods exports to Colombia in 2017 were $13.3 billion, up 2.0% ($265 million) from 2016 and up 55.6% from 2007. U.S. exports to Colombia are down 7.1% from 2011 (pre-FTA).
- The top export categories (2-digit HS) in 2017 were: mineral fuels ($2.6 billion), machinery ($1.6 billion), cereals (corn) ($1.0 billion), electrical machinery ($965 million), and organic chemicals ($938 million).
- U.S. total exports of agricultural products to Colombia totaled $2.5 billion in 2017. Leading domestic export categories include: corn ($781 million), soybean meal ($340 million), soybeans ($212 million), wheat ($173 million), and pork & pork products ($163 million).
- U.S. exports of services to Colombia were an estimated $6.2 billion in 2016 2.8% ($178 million) less than 2015. 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' 26th largest supplier of goods imports in 2017.
- U.S. goods imports from Colombia totaled $13.6 billion in 2017, down 1.8% ($242 million) from 2016, but up 44% from 2007. U.S. imports from Colombia are down 41.3% from 2011 (pre-FTA).
- The top import categories (2-digit HS) in 2017 were: mineral fuels ($7.7 billion), precious metal and stone (gold) ($1.4 billion), coffee, tea & spice (coffee) ($1.3 billion), live trees and plants ($720 million), and special other (low value estimates) ($348 million).
- U.S. total imports of agricultural products from Colombia totaled $2.6 billion in 2017. Leading categories include: coffee, unroasted ($1.2 billion), nursery products ($720 million), bananas and plantains ($180 million), roasted & instant coffee ($112 million), and snack foods ($69 million).
- U.S. imports of services to Colombia were an estimated $3.0 billion in 2016 3.9% ($122 million) less than 2015. Leading services imports from Colombia to the U.S. were in the travel, transport, and intellectual property (computer software) sectors.
- The U.S. goods trade deficit with Colombia was $244 million in 2017, a 67.4% decrease ($507 million) over 2016.
- The United States has a services trade surplus of an estimated $3.2 billion with Colombia in 2016 (latest data available), down 1.6% from 2015.
- U.S. foreign direct investment (FDI) in Colombia (stock) was $7.2 billion in 2017, a 3.3% decrease from 2016. U.S. direct investment in Colombia is led by mining, manufacturing, and wholesale trade.
- No data on Colombia's FDI in the U.S. are available. 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 $5.3 billion in 2015 (latest data available), while sales of services in the United States by majority Colombia-owned firms were $91 million.