Imports

Colombia's total imports in 2022 are estimated at $77.4 billion. Colombia's import purchases are up 26.7% year-over-year from $61.1 billion in 2021.

Colombia's Largest International Suppliers

The latest country-specific data show that Colombia's imports are supplied primarily by exporters from the United States (24.5% of Colombia's total), mainland China (24.2%), Brazil (7.1%), Mexico (5.4%), France (3.2%), Germany (3%), India (2.2%), Argentina (2.1%), Spain (1.9%), Japan (1.85%), Italy (1.6%), and the United States. (1.85%), Italy (1.6%) and Canada (1.5%).

Colombia's Top 10 Imports

1. Electrical machinery and equipment: $7.9 billion (10.2% of total imports)

2. Machinery including computers: $7.6 billion (9.8%)

3. Mineral fuels including oil: $7.4 billion (9.5%)

4. Vehicles: $6.4 billion (8.3%)

5. Plastics, plastic products: $3.9 billion (5%)

6. Pharmaceuticals: $3.5 billion (4.5%)

7. Cereals: $3.3 billion (4.3%)

8. Organic chemicals: $3.2 billion (4.2%)

9. Aircraft, spacecraft: $2.5 billion (3.2%)

10. Iron and steel: $2.5 billion (3.2%)

Colombia's top 10 imports accounted for 62.4% of its total product purchases from other countries.

Fossil fuels, including petroleum, are the fastest growing of Colombia's top 10 import categories, growing 95.9% from 2021 to 2022. In second place is Colombia's imports in the aircraft or spacecraft product category, which grew by 82.4%. Colombia's imports of automobiles grew by 33% compared to 2021, ahead of Colombia's spending on imported grains (up 29.4%).

The worst year-on-year decline was in the pharmaceutical sector, down -10.3%.

In terms of more detailed four-digit HS codes, Colombia's top 10 imports were refined petroleum (8.8% of Colombia's total), telephone equipment including smartphones (3.8%), automobiles (3.5%), aircraft or spacecraft (3%), corn (2.8%), pharmaceuticals mixing dosage (2.6%), computers (including optical readers) (2.1%), trucks ( 1.7%), blood components (including antisera) (1.6%), and solid residues (including soybean oil cake) (1.2%).

Exports

Colombia exported $39 billion worth of products to the world in 2022. Colombia's export revenue in 2022 was down -3.8% year-on-year from $40.5 billion in 2021.

Colombia's Most Valuable Trading Partners

The latest country-specific data shows that Colombia's exports are mainly purchased by importers in the following countries: the United States (30.9% of Colombia's global total), Panama (14.6%), India (6.3%), mainland China (4.4%), Ecuador (3.3%), Brazil (3.1%), Spain (2.8%), Mexico (2.4%), Canada ( 2.1%), Netherlands (1.79%), Peru (1.77%) and Italy (1.6%).

Colombia's Top 10 Exports

1. Fossil fuels including oil: $22.2 billion (57% of total exports)

2. Coffee, tea, spices: $4.1 billion (10.5%)

3. Gemstones, precious metals: $3.1 billion (7.9%)

4. Animal and vegetable fats, oils, waxes: $1.1 billion (2.8%)

5. Live trees, plants, cut flowers: $520.3 million (1.3%)

6. Miscellaneous food preparations: $500.1 million (1.3%)

7. Fruits, nuts: $450.2 million (1.2%)

8. Plastics, plastic products: $430.6 million (1.1%)

9. Machinery, including computers: $348.5 million (0.9%)

10. Other chemicals: $339.3 million (0.9%)

The value of Colombia's top ten exports is well over four-fifths (84.9%) of its total global exports.

Animal or vegetable fats, oils and waxes are the fastest-growing of the top ten export categories, increasing by 39.1% from 2021 to 2022. The second highest growth in export sales was in the coffee, tea and spices category, which grew by 28.1%. Colombia's shipments of fossil fuels, including oil, ranked third in terms of growth, with a 21.5 % increase.

The worst decline among Colombia's top 10 export categories was plastics, both as a material and as a plastic product, which fell by -78.3% year-over-year. In

more detailed four-digit HS code level, Colombia's most valuable export product commodities include crude oil (41.6 % of the global total), coffee (10.5 %), gold (7.5 %), refined petroleum (6.8 %), coke and semi-coke (4.6 %), coal and solid fuels made from coal (3.4 %), palm oil (1.7 %), fresh or dried flowers (1.3 %), coffee or tea extracts and concentrates (1 %), followed by copper waste and scrap (0.8 %).

Shanghai Tendata iTrader – Leveraging the Pivot of Tendata's Global Trade Map: 

Shanghai Tendata iTrader is an all-encompassing data tool that integrates information collection, processing, data visualization, and result analysis. Serving as an essential weapon in the trade expansion process, Shanghai Tendata iTrader can organize and calculate high-precision matching resources based on user segmentation of customers. Simultaneously, it aids users in executing customer-centric expansion strategy business processes, thereby increasing the company's profitability and customer satisfaction with services. Tendata can help import and export businesses better explore markets and unearth customers (>>>Click to Develop New Customers).

I. Import and Export Business Expansion

Unable to find customers, finding customers but unable to penetrate deeply, unable to negotiate suitable prices after penetration, having a suitable price but no appropriate transaction volume, finally reaching the other side, but no one claims the goods. (>>>Shanghai Tendata Official Website)

1. Finding Customers

Shanghai Tendata iTrader covers trade data for 208 countries and regions, business data for 198 countries and regions, internet data for 141 countries, 100+ billion trade data, 120 million in-depth enterprise data, and 130 million buyer databases. It provides various search methods, allowing intelligent one-click queries based on products, company names, HS codes, SIC codes, etc. Additionally, it offers 17 visualized reports to help businesses accurately position and analyze the market, finding high-quality import and export customers. (>>>Click to Develop New Customers)

2. Customer Acquisition

Based on user-set search criteria, Shanghai Tendata iTrader's software center conducts high-precision relationship matching of search results. The calculated results are then returned to the user center, expressed in visual forms such as lists, pie charts, line graphs, bar graphs, etc. Content includes customer names under corresponding conditions, names and contact information of department heads, visualizations of transaction chain changes within a specific time frame, peer companies of the same level, nearby peers geographically, financial dynamics of customers over the past 3 or 10 years, credit ratings, etc. (>>>Click to Analyze Customers)

With the clarified customer relationships, clients can strategically plan their approach. Additionally, they can categorize and follow up on customer communication based on feedback received through email.

3. Customer Retention

The most effective way to maintain trading relationships between people is to anticipate and address the current or future needs of the other party, understanding them better than they understand themselves. (>>>Click to Analyze Buyers)

In line with this philosophy, we have set two push functions for trade operators in the customer retention stage.

(1) Timely push notifications for client news on streaming media.

(2) Periodic push of industry trends or analyses.

II. Successful Cases of Shanghai Tendata

Shanghai Tendata's data has undergone over a decade of development and currently holds a leading position in the field of import and export data providers. As of now, Tendata has served over 50,000 import and export enterprises nationwide, and the precision inquiry response rate has reached around 0.3%.

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