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 25th largest goods trading partner with $37.4 billion in total (two way) goods trade during 2011. Goods exports totaled $14.3 billion; Goods imports totaled $23.1 billion. The U.S. goods trade deficit with Colombia was $8.8 billion in 2011.
Colombia was the United States= 22nd largest goods export market in 2011.
U.S. goods exports to Colombia in 2011 were $14.3 billion, up 18.7% ($2.3 billion) from 2010, and up 288% from 2000.
The top export categories (2-digit HS) in 2011 were: Machinery ($2.9 billion), Mineral Fuel (oil) ($2.7 billion), Electrical Machinery ($1.2 billion), Organic Chemicals ($969 million), and Plastic ($692 million).
U.S. exports of agricultural products to Colombia totaled $1.1 billion in 2011. Leading categories include: wheat ($219 million), coarse grains ($162 million), and cotton ($137 million).
Colombia was the United States= 22nd largest supplier of goods imports in 2011.
U.S. goods imports from Colombia totaled $23.1 billion in 2011, a 47.6% increase ($7.5 billion) from 2010, and up 232% from 2000.
The five largest import categories in 2011 were: Mineral Fuel and Oil (crude) ($16.8 billion), Precious Stones (gold) ($2.2 billion), Spices, Coffee, and Tea (mostly coffee) ($1.3 billion), Live Trees and Plants (cut flowers) ($578 million), and Edible Fruit and Nuts (bananas) ($211 million).
U.S. imports of ag products from Colombia totaled $2.5 billion in 2011, the 9th largest supplier of Ag imports. Leading categories include: coffee (unroasted) ($1.3 billion), nursery products & cut flowers ($578 million), and bananas & plantains ($206 million).
The U.S. goods trade deficit with Colombia was $8.8 billion in 2011, a 144.9% increase ($5.2 billion) over 2010.
U.S. foreign direct investment (FDI) in Colombia (stock) was $6.9 billion in 2011, 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, down 46% from 2010.
The distribution of Colombia FDI in the United States was not available.