Overview: In 2018 Colombia was the number 37 economy in the world in terms of GDP (current US$), the number 55 in total exports, the number 52 in total imports, and the number 56 most complex economy according to the Economic Complexity Index (ECI). In 2018, Colombia exported $43.2B and imported $49.3B, resulting in a negative trade balance of -$6.04B. In 2018, Colombia's exports per capita were $871 and its imports per capita were $992.
Trade: The top exports of Colombia are Crude Petroleum ($13.8B), Coal Briquettes ($7.45B), Refined Petroleum ($2.96B), Coffee ($2.35B), and Cut Flowers ($1.46B). The top imports of Colombia are Refined Petroleum ($2.94B), Cars ($2.19B), Broadcasting Equipment ($2.04B), Packaged Medicaments ($1.23B), and Corn ($1B).
Destinations: Colombia exports mostly to United States ($11.5B), China ($4.07B), Panama ($3.07B), Ecuador ($1.86B), and Turkey ($1.7B), and imports mostly from United States ($13.6B), China ($9.68B), Mexico ($3.77B), Brazil ($2.86B), and Germany ($1.82B).
Location: Colombia borders Brazil, Ecuador, Panama, Peru, and Venezuela by land and Costa Rica, Dominican Republic, Haiti, Honduras, Jamaica, Nicaragua, and Cayman Islands by sea.