Data Insights

Overall, the total trade for Colombia in the month saw exports at 4.25B USD, down by 42.94M USD (-0.01%), while imports totaled 5.74B USD, decreasing by 161.51M USD (-0.03%). Year-on-year, exports increased to 4.25B USD, up by 472.97M USD (12.51%), and imports rose to 5.74B USD, gaining 415.35M USD (7.8%). The trade dynamics indicate a mixed performance, with significant declines in certain areas, particularly in trade with Ecuador due to recent tariff implementations.

In the month-on-month analysis, imports from Colombia saw significant changes. The highest increase was from Colombia itself, with a trade value of 182.86M USD, reflecting a 73.31M USD increase (approximately 66.92%). Vietnam followed with 134.63M USD, up by 48.87M USD (about 56.98%). The United States had a modest increase to 1.26B USD, gaining 21.9M USD (1.76%). On the downside, imports from China dropped to 1.75B USD, down by 75.51M USD (approximately -4.14%). South Korea also saw a decline to 100.06M USD, down by 74.06M USD (-42.96%). Brazil's imports decreased to 229.51M USD, losing 39.13M USD (-14.55%). For exports, Italy led with 246.9M USD, gaining 77.24M USD (45.5%). Mexico followed with 133.53M USD, up by 45.56M USD (51.5%). Panama's exports reached 320.38M USD, increasing by 33.62M USD (11.7%). Conversely, Canada saw a significant drop to 175M USD, down by 91.18M USD (-34.2%). India’s exports decreased to 212.13M USD, losing 53.41M USD (-20.1%). The United States also faced a decline to 1.32B USD, down by 43.25M USD (-3.17%).

In the year-on-year analysis, imports from China surged to 1.75B USD, with a notable increase of 344.74M USD (24.46%). Vietnam's imports rose to 134.63M USD, up by 50.63M USD (60.26%). Japan also saw growth, reaching 167.04M USD, gaining 48.97M USD (41.48%). On the contrary, imports from Canada fell to 72.11M USD, down by 29.47M USD (-29.3%). Trinidad and Tobago's imports decreased to 45.49M USD, losing 29.35M USD (-39.2%). The United States' imports dropped to 1.26B USD, down by 28.88M USD (-2.24%). For exports, the United States led with 1.32B USD, increasing by 303.74M USD (29.77%). Italy's exports reached 246.9M USD, up by 214.72M USD (6.67%). Panama's exports increased to 320.38M USD, gaining 98.17M USD (44.17%). However, exports to China fell to 48.89M USD, down by 77.31M USD (-61.2%). Ecuador's exports decreased to 111.32M USD, losing 57.04M USD (-33.3%). The Netherlands also saw a decline to 93.55M USD, down by 53.08M USD (-36.3%).

In summary, Colombia's trade in January 2026 showed a mixed performance. While imports decreased slightly month on month, they increased significantly year on year. The total trade value for imports was 5.9B USD, down by 147.79M USD from the previous month, but up by 524.07M USD compared to the previous year. Exports totaled 4.3B USD, down by 334.24M USD month on month, but up by 489.18M USD year on year. The overall trade balance reflects a growing economy despite some month-to-month fluctuations.

In January 2026, Colombia's imports from China increased significantly by 87.63M USD (5.03%), while imports from the United States decreased by 77.24M USD (-5.86%). Notably, imports from Bolivia surged by 13.42M USD (34.19%). On the export side, Canada saw a remarkable increase of 107.81M USD (68.08%), while exports to Panama dropped by 77.34M USD (-21.24%). Overall, total imports decreased by 147.79M USD (-2.44%) and total exports fell by 334.24M USD (-7.22%).

Year on year, imports from China rose by 300.85M USD (19.68%), while imports from the United States fell by 95.08M USD (-7.12%). Imports from South Korea increased by 64.32M USD (58.58%). On the export side, exports to the United States increased by 197.92M USD (16.93%), while exports to China decreased by 112.67M USD (-64.07%). Overall, total imports increased by 524.07M USD (9.74%) and total exports increased by 489.18M USD (12.85%).

Overall, Colombia's trade values showed a positive trend in both imports and exports for the month and year analyzed. Total exports increased by approximately 106.14 million USD (2.35%) year-on-year, while imports rose by 400.11 million USD (7.08%). Month-on-month, exports increased by 553.09 million USD (13.56%), and imports rose by 160.8 million USD (2.73%). The trade balance remains a concern, particularly with the significant drop in trade with the United States and other key partners, which may be influenced by the ongoing economic challenges and declining natural gas production.

In the month-on-month analysis, Colombia's total exports increased by approximately 553.09 million USD, reflecting a growth of about 13.56%. Imports also saw a rise, with an increase of 160.8 million USD, translating to a 2.73% growth. **Country Official:** - The highest increase in imports was from the USSR (69.87 million USD, 5.60%), followed by China (45.75 million USD, 2.70%), and Italy (21.39 million USD, 23.24%). - Conversely, the largest declines were from India (-28.6 million USD, -17.59%), South Africa (-24.16 million USD, -39.39%), and Sweden (-17.16 million USD, -22.23%). **Subnat Geography:** - The most significant increase in imports came from the Unknown region (546.64 million USD, 317.28%), followed by Valle del Cauca (46.87 million USD, 9.96%), and Antioquia (17.85 million USD, 2.29%). - The largest declines were seen in Bogota (-400.92 million USD, -13.05%), Santander (-20.65 million USD, -21.66%), and Bolivar (-18.86 million USD, -6.53%). **HS4 Official:** - The top increases in imports were in Refined Petroleum (59.36 million USD, 17.6%), Crude Petroleum (25.34 million USD, 127.75%), and Petroleum Gas (20.97 million USD, 31.34%). - The largest declines were in Packaged Medicaments (-47.08 million USD, -16.67%), Telephones (-42.45 million USD, -17.00%), and Vaccines (-36.09 million USD, -27.43%). **Exports:** - The highest increases in exports were from the USSR (286.26 million USD, 26.06%), India (118.01 million USD, 62.39%), and the United Arab Emirates (97.85 million USD, 293.14%). - The largest declines were from China (-136.32 million USD, -66.15%), Mexico (-48.81 million USD, -29.34%), and Cote d'Ivoire (-45.43 million USD, -98.60%).

In the year-on-year analysis, total exports increased by approximately 106.14 million USD, reflecting a growth of about 2.35%. Imports also saw a rise, with an increase of 400.11 million USD, translating to a 7.08% growth. **Country Official:** - The highest increase in imports was from the USSR (1.32 billion USD, inf%), followed by China (1.74 billion USD, 20.24%), and Kenya (143.02 million USD, 1972.00%). - The largest declines were from the United States (0 USD, -1.49 billion USD), Trinidad and Tobago (0 USD, -121.88 million USD), and South Korea (0 USD, -103.29 million USD). **Subnat Geography:** - The most significant increase in imports came from the Unknown region (548.36 million USD, 64142.10%), followed by Antioquia (797.87 million USD, 8.64%), and Valle del Cauca (517.64 million USD, 8.39%). - The largest declines were seen in Bogota (-189.46 million USD, -6.62%), Bolivar (-165 million USD, -38.78%), and Santander (-10.06 million USD, -11.83%). **HS4 Official:** - The top increases in imports were in Cars (383.41 million USD, 52.99%), Packaged Medicaments (234.82 million USD, 35.49%), and Telephones (207.08 million USD, 22.53%). - The largest declines were in Refined Petroleum (-137.29 million USD, -25.72%), Petroleum Gas (-62.52 million USD, -41.41%), and Planes (-46.73 million USD, -80.04%). **Exports:** - The highest increases in exports were from the USSR (1.38 billion USD, inf%), Chinese Taipei (193.84 million USD, 13.01%), and India (307.14 million USD, 86.72%). - The largest declines were from the United States (0 USD, -1.24 billion USD), Netherlands (0 USD, -221.58 million USD), and Ecuador (0 USD, -195.20 million USD).