The coffee crop contributes 7% to Colombia's GDP, and the country is the world's second-largest exporter of cut flowers, according to The Federation of International Trade Associations. Through its membership in the Andean Group, Colombia has signed free-trade pacts with other Andean countries and Mexico. The U.S.-Colombia Trade Promotion Agreement was passed by the Colombian Congress in 2007 but has not yet been approved by the U.S. Congress.
Export and Import Facts
- Export volume for the past five years (in millions of U.S. dollars) is as follows:
- Colombia’s 2006 exports totaled US$24.3 billion
- Major exports include petroleum, coal, coffee, flowers, textiles and garments, ferronickel, bananas, chemicals, pharmaceuticals, gold, sugar, cardboard containers, printed material, cement, plastic resins and manufacturers and emeralds
- Its 2006 imports totaled US$24.5 billion
- Major imports include machinery/equipment, grains, chemicals, transportation equipment, mineral products, consumer products, metals/metal products, plastic/rubber, paper products, aircraft, and oil and gas industry equipment and supplies
Export/ Import Resources
Colombia's bilateral chambers of commerce offer some opportunities for networking that can help you establish new connections with importers in Colombia or with businesses in other countries whose goods you want to import.