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 20th largest goods trading partner with $41 billion in total (two way) goods trade during 2012. Goods exports totaled $16 billion; Goods imports totaled $25 billion. The U.S. goods trade deficit with Colombia was $8 billion in 2012.
Colombia was the United States' 22nd largest goods export market in 2012.
U.S. goods exports to Colombia in 2012 were $16.4 billion, up 14.5% ($2.1 billion) from 2011, and up 358% from 2002. U.S. exports to Colombia accounted for 1.1% of overall U.S. exports in 2012.
The top export categories (2-digit HS) in 2012 were: Mineral Fuel (oil) ($3.5 billion), Machinery ($3.1 billion), Electrical Machinery ($1.6 billion), Organic Chemicals ($904 million), and Aircraft ($753 million).
U.S. exports of agricultural products to Colombia totaled $1.1 billion in 2012. Leading categories include: wheat ($140 million), feeds and fodders ($96 million), soybeans ($92 million), and soybean meal ($87 million).
Colombia was the United States' 20th largest supplier of goods imports in 2012.
U.S. goods imports from Colombia totaled $24.6 billion in 2012, a 6.6% increase ($1.5 billion) from 2011, and up 340% from 2002. U.S. imports to Colombia accounted for 1.1% of overall imports in 2012.
The five largest import categories in 2012 were: Mineral Fuel and Oil (crude) ($17.7 billion), Precious Stones (gold) ($3.2 billion), Spices, Coffee, and Tea (mostly coffee) ($909 million), Live Trees and Plants (cut flowers) ($646 million), and Edible Fruit and Nuts (bananas) ($248 million).
U.S. imports of ag products from Colombia totaled $2.2 billion in 2012, the 14th largest supplier of Ag imports. Leading categories include: coffee (unroasted) ($849 million), nursery products ($646 million), and bananas & plantains ($244 million).
The U.S. goods trade deficit with Colombia was $8.2 billion in 2012, a 6.3% decrease ($555 million) over 2011.
U.S. foreign direct investment (FDI) in Colombia (stock) was $6.9 billion in 2011 (latest data available), 7.0% increase from 2010.
U.S. direct investment in Colombia is primarily concentrated in the mining and manufacturing sectors.
Colombia FDI in the United States (stock) was $203 million in 2011 (latest data available), down 46% from 2010.
The distribution of Colombia FDI in the United States was not available.
NOTE: No services trade data with Colombia is available.