Export to Colombia
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NAME: Colombia
CAPITAL: Bogotá
POPULATION: 45,508,2005 (June 2010 est.)(www.bnamericas.com)
MAIN CITIES:
Bogotá, Medellín, Cali, Barranquilla, Cartagena
LANGUAGE: Spanish
TIME ZONE: GMT-5
CURRENCY: Peso (COP)
DIALLING CODE: +57
INTERNET DOMAIN: .co
ECONOMY
Colombia is the fourth largest country in South America and is a major producer of gold, silver, platinum, emeralds and coal and has major oil reserves.
KEY INDUSTRIES
- Textiles
- Food processing
- Oil
- Clothing and footwear
- Beverages
- Chemicals
- Cement
- Gold
- Coal
- Emeralds
MAIN TRADING PARTNERS
EXPORT PARTNERS
- US 38%
- Venezuela 16.2%
- Ecuador 4% (2008)
IMPORT PARTNERS
- US 29.2%
- China 11.5%
- Mexico 7.9%
- Brazil 5.9% (2008)
Source: www.cia.gov
EXPORT COMMODITIES
- Petroleum
- Coffee
- Coal
- Nickel
- Emeralds
- Apparel
- Bananas
- Cut flowers
IMPORT COMMODITIES
Industrial equipment
- Transportation equipment
- Consumer goods
- Chemicals
- Paper products
- Fuels
- Electricity
Source: www.cia.gov
| SOCIAL ACCOUNTING | |
| Unemployment Index: | 11.8% (Mar 2010) |
| GDP PPP: | 402,440 MM US $ 2009 (IMF) |
| PIB Per capita PPP: | 8,205 US $ 2009 (IMF) |
| Last GDP Growth Rate: | 1.3% (2009 IMF) |
| GDP Growth Forecasting: | 2.5% (2010 IMF) |
| Economic Activity Rate: | 5.8% (Change 12 month Mar 2010-2009) |
| Interest Rate: | 3.0% (Jul 2010) |
| Exchange Rate: | 1,900.11(COP/USD) Closing Jul 2010 |
| INFLATION | |
| Versus Last Month Change: | 0.11% (Change Jun – May 2010) |
| Versus Last Quarter Change: | 2.25% (Change Q2 2010) |
| 12 Month Change: | 2.25% (Change 12 month Jun 2010) |
| Annual Target Rank: | 5% (+/-0.5) |
| FOREIGN TRADE | |
| Total Exports: | 12,626.1 MM US $ (Accumulated to Apr 2010) |
| Total Imports: | 11,992.9 MM US $ (Accumulated to Apr 2010) |
| Balance of Trade: | 633.2 MM US $ (Accumulated to Apr 2010) |
| Balance of Payments: | 347 MM US $ (Accumulated to Q1 2010) |
| Current Account: | -1,396 MM US $ (Accumulated to Q1 2010) |
| Other Interesting Tips | |
| TREATIES AND INTERNATIONAL AGREEMENTS: | |
| Free Trade Agreement | |
| G-3, Chile | |
| Customs Union | |
| Andean Community | |
| Member of: | |
| CAN, G-77, G-3, UNASUR, WTO, IMF, IADB, IAEA | |
| Country Risk : | |
| Agency: | Fitch |
| Qualification: | BB+ |
| Stable | |
| Agency: | S&P |
| Qualification: | BB+ |
| Positive | |
| Agency: | Moody’s |
| Qualification: | Ba1 |
| Stable | |
| INTERNATIONAL RANKINGS | |
| Corruption Perceptions Index (International Transparency): | |
| Global Ranking Position: | 75° (2009) |
| Latin America Ranking Position: | 6° (2009) |
| EASE OF DOING BUSINESS INDEX (WORLD BANK): | |
| Global Ranking Position: | 37° (2010 Report) |
| Latin America Ranking Position: | 1° (2010 Report) |
| GLOBAL COMPETITIVENESS INDEX RANKINGS (WORLD ECONOMIC FORUM): | |
| Global Ranking Position: | 69° (2009 – 2010 Ranking) |
| Global Ranking Position: | 74° (2008 – 2009 Ranking) |
| Latin America Ranking Position: | 8° (2009 – 2010 Ranking) |
| Latin America Ranking Position: | 7° (2008 – 2009 Ranking) |
Source: www.bnamericas.com
ONLINE SOURCES
- Colombian Government Trade Bureau – www.coltrade.org
- Invest in Colombia – www.investincolombia.com.co
- Proexport is the Government of Colombia Agency for the promotion of trade, foreign investment and international tourism – http://www.proexport.com.co
- The National Bureau of Statistics - www.dane.gov.co
NEWSPAPERS
- El Colombiano
- El Diario On-Line
- El Espectador
- El Mundo
- El Tiempo
- Portafolio
