Colombia

Colombia ranked No. 27 in total trade value through June with a total of $11.53 billion. Exports totaled $6.31 billion and Imports totaled $5.22 billion, a surplus of $1.09 billion.

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U.S. trade with Colombia rose to $11.53 billion through June

Colombia’s trade with the United States rose to $11.53 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 24.39 percent below its total trade during the same time period last year. U.S. exports to Colombia decreased 16.42 percent while U.S. imports from Colombia fell 32.2 percent. The U.S. surplus with Colombia was $1.09 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami Int’l Airport; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Port of Corpus Christi, Texas; and No. 5 Port Everglades, Fla.. During the same period the previous year, the top five were No. 1 Port of Houston; No. 2 Miami Int’l Airport; No. 3 Port of New Orleans; No. 4 Port of Corpus Christi, Texas and No. 5 Port of El Segundo, Calif.. In the current time period, the top five accounted for 54.09 percent of Colombia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport rose 2.51 percent to $2.39 billion.
    Exports fell 7.99 percent to $1.29 billion. Imports rose 18.45 percent to $1.1 billion.
  • Trade with No. 2 Port of Houston fell 30.5 percent to $1.74 billion.
    Exports fell 15.45 percent to $1.1 billion. Imports fell 46.62 percent to $646.14 million.
  • Trade with No. 3 Port of New Orleans fell 29.23 percent to $876.37 million.
    Exports fell 6.66 percent to $742.52 million. Imports fell 69.78 percent to $133.85 million.
  • Trade with No. 4 Port of Corpus Christi, Texas fell 21.33 percent to $717.9 million.
    Exports fell 32.95 percent to $420.69 million. Imports rose 4.24 percent to $297.22 million.
  • Trade with No. 5 Port Everglades, Fla. fell 18.76 percent to $513.79 million.
    Exports fell 20.89 percent to $293.29 million. Imports fell 15.73 percent to $220.5 million.

Colombia ranked No. 27 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 25.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Colombia by value through June were the categories of Gasoline, other fuels; Corn; Civilian aircraft, parts; Soybean oilcake, other solid residue, not ground; and Cell phones, related equipment, respectively. They accounted for 37.37 percent of total exports to Colombia.

The value of the top five categories of U.S. imports from Colombia –– Oil; Gasoline, other fuels; Coffee; Gold; and Fresh-cut flowers –– accounted for 72.92 percent of all inbound shipments.

Looking more closely at U.S. exports to Colombia:

  • Gasoline, other fuels fell 28.23 percent compared to last year to $1.15 billion.
  • Corn rose 16.83 percent compared to last year to $512.97 million.
  • Civilian aircraft, parts rose 93.46 percent compared to last year to $291.77 million.
  • Soybean oilcake, other solid residue, not ground rose 11.47 percent compared to last year to $217.27 million.
  • Cell phones, related equipment fell 22.24 percent compared to last year to $188.57 million.

Looking more closely at U.S. imports from Colombia:

  • Oil fell 51.48 percent compared to last year to $1.84 billion.
  • Gasoline, other fuels fell 42.55 percent compared to last year to $532.28 million.
  • Coffee fell 4.58 percent compared to last year to $529.22 million.
  • Gold rose 109.83 percent compared to last year to $458.01 million.
  • Fresh-cut flowers fell 6.83 percent compared to last year to $450.02 million.

In the latest annual figures available, Colombia recorded $28.92 billion in trade with the United States. Total U.S. exports to Colombia were $ 14.78 billion and imports from Colombia were $14.14 billion. The U.S. surplus with Colombia was $642.44 million.