Import of Goods Value from Colombia (1990-2023)

Import of Goods Value from Colombia (1990-2023)

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TGM StatBox. (2024). Import of Goods Value from Colombia (1990-2023). TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Colombia
Published date: 2024
Note: Merchandise imports by product group (Million US dollars), as defined by the World Trade Organization (WTO), refers to the total value of goods imported into a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
Colombia's import value increased from $5.5B in 1990 to $77.4B in 2022, supported by economic liberalization and infrastructure development. Imports grew significantly from $32.8B in 2009 to $54.2B in 2011 due to recovery efforts post-global financial crisis and investments in industrial sectors.

The peak in 2022 reflects increased consumer demand and energy imports. However, the 2023 decline to $62.7B highlights economic stabilization and adjustments in trade policies. Colombia's import trends showcase its reliance on industrial and consumer goods for economic expansion.

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