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US-Colombia Trade: Fast Facts

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Key facts about U.S. trade with Colombia.


BY LBC STAFF

 

Colombia is the fourth-largest trading partner in Latin America for the United States, according to a Latin Business Chronicle analysis of data from the U.S. Census Bureau

 

Meanwhile, the United States is Colombia's top trade partner, accounting for 33.8 percent of the country's total commerce, according to a Latin Business Chronicle analysis of 2010 data from Colombian statistics agency DANE.

 

Last year U.S.-Colombian trade grew 33.3 percent to $27.7 billion, according a Latin Business Chronicle analysis. That was the fourth-highest increase in Latin America.

 

During the first half of this year, trade reached $17.7 billion, a 13.1 percent increase from the first half in 2010, according to another Latin Business Chronicle analysis. That was again the fourth-best result in Latin America.

 

COLOMBIA EXPORTS GROW MOST

 

In both cases, Colombian exports to the United States are growing faster than U.S. exports to Colombia.

 

Last year, Colombian exports jumped 38.2 percent to $15.6 billion, while U.S. imports grew 27.4 percent to $12 billion.

 

During the first half of the year, Colombian exports grew a whopping 46.4 percent to $10.7 billion.

That was the second-highest increase in Latin America. Meanwhile U.S. exports to Colombia increased 19.5 percent to $7 billion.

LAGS CHINA

Colombia's trade with the United States last year grew faster than with the European Union (up 18.1 percent) or Canada (up 2 percent), but trailed trade with China (up 75.3 percent). 
 

      

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