Colombia: Trade balance, in dollars

* indicates monthly or quarterly data series
 Colombia

Trade balance, billion USD

 Latest value -7.96
 Year 2023
 Measure billion U.S. dollars
 Data availability 1968 - 2023
 Average -3.00
 Min - Max -20.00 - 2.74
 Source The World Bank
The latest value from 2023 is -7.96 billion U.S. dollars, an increase from -16.4 billion U.S. dollars in 2022. In comparison, the world average is 4.81 billion U.S. dollars, based on data from 148 countries. Historically, the average for Colombia from 1968 to 2023 is -3 billion U.S. dollars. The minimum value, -20 billion U.S. dollars, was reached in 2021 while the maximum of 2.74 billion U.S. dollars was recorded in 1991. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Colombia - Trade balance, in dollars - Recent values chart

Historical series
Colombia - Trade balance, in dollars - historical chart - 1968-2023




Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 126.39 2021 percent
 Trade openness 40.49 2023 percent
 Financial openness -0.166 2021 index points
 Exports, percent of GDP 17.76 2023 percent
 Exports, billion dollars 64.84 2023 billion U.S. dollars
 Growth of exports 3.13 2023 percent
 Imports, percent of GDP 22.72 2023 percent
 Imports, billion dollars 82.35 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 4.72 2023 percent
 Foreign Direct Investment, billion dollars 17.14 2023 billion U.S. dollars
 Portfolio investment inflows, equities 19.92 2023 million dollars (current)
 Current account, percent of GDP -3.88 2023 percent
 Current account, in dollars -9.13 2023 billion U.S. dollars
 Trade balance, percent of GDP -4.96 2023 percent
 Trade balance, in dollars -7.96 2023 billion U.S. dollars
 Reserves 59.04 2023 billion U.S. dollars
 Remittances, percent of GDP 2.78 2023 percent
 Remittances 10,111.59 2023 million U.S. dollars
 Net errors and omissions 804.30 2023 million USD
 External debt 55.79 2022 percent
 Short-term external debt 10.09 2023 percent
 Short-term debt to reserves 33.74 2023 percent
 Foreign exchange reserves 63.61 9/2024 billion
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