November 1, 2024
AGI News
Colombia had the 43rd largest economy in the world in 2023, and is a big player in world trade when it comes to the importing and exporting of goods. Please read on to find out all about the top 10 Colombian imports!
How big is the import market in Colombia?
According to data from World’s Top Exports, Colombian imports totalled US$62.8 billion in 2023, with goods from the US & China accounting for over 47% of all imports.
So what are the top 10 Colombian imports?
The following are the top 10 Colombian imports in 2023. This top 10 accounts for over 60% of the total US$ value of all imports to Colombia.
1. Mineral Fuels – US$6.5 billion (10.3% of total Colombian imports)
2. Machinery Including Computers – US$6.4 billion (10.3% of total imports)
3. Electrical Machinery & Equipment – US$6.0 billion (9.6% of total imports)
4. Vehicles – US$4.8 billion (7.6% of total imports)
5. Pharmaceuticals – US$3.7 billion (5.8% of total imports)
6. Cereals – US$2.7 billion (4.3% of total imports)
7. Plastics – US$2.7 billion (4.2% of total imports)
8. Aircraft – US$2.4 billion (3.8% of total imports)
9. Organic Chemicals – US$2.3 billion (3.6% of total imports)
10. Optical, Technical & Medical Apparatus – US$1.9 billion (3.0% of total imports)
Source: World’s Top Exports
Now we know all about the top 10 Colombian imports, let’s take a look at Colombian exports!
How big is the export market in Colombia?
According to data from World’s Top Exports, Colombian exports totalled US$49.5 billion in 2023, with the US, Panama & China accounting for over 40% of total exports!
So what are the top 10 Colombian exports?
The following are the top 10 Colombian exports in 2023. This top 10 accounts for over 80% of the total US$ value of all exports from Colombia.
1. Mineral Fuels – US$25.0 billion (50.5% of total Colombian exports)
2. Gems & Precious Metals – US$3.6 billion (7.3% of total exports)
3. Coffee, Tea & Spices – US$2.9 billion (5.9% of total exports)
4. Trees, Plants & Cut Flowers – US$2.1 billion (4.3% of total exports)
5. Plastics – US$1.6 billion (3.1% of total exports)
6. Fruits & Nuts – US$1.4 billion (2.7% of total exports)
7. Animal & Vegetable Fats – US$1.1 billion (1.7% of total exports)
8. Aluminium – US$842 million (1.7% of total exports)
9. Electrical Machinery & Equipment – US$787 million (1.6% of total exports)
10. Sugar & Confectionery – US$744 million (1.5% of total exports)
Source: World’s Top Exports
So how can we help?
The importing and exporting of goods to and from Colombia can be a complicated process, and that’s where we come in! Here at AGI, we specialise in the safe transport of cargo to and from Colombia, and all across the world, providing you with professional road freight, sea freight, and air freight solutions. To find out more about our logistics services, and how we can help your business, please get in touch. We look forward to hearing from you, and for all of the latest AGI news, don’t forget to follow us on LinkedIn and Facebook!