Colombia, officially the Republic of Colombia, is a transcontinental country situated in the northwest region of South America, bordered by Venezuela, Brazil, Peru, Ecuador, and Panama, with coastlines on both the Pacific Ocean and the Caribbean Sea. Bogotá is the capital and largest city. In 2024, as per the Colombia import data, Colombia’s GDP is projected to reach approximately USD 345 billion. As per global import statistics, Colombia ranks 52nd among the world's largest importers. The United States is currently the top exporter to Colombia, with strong trade ties built on energy, manufacturing, and technology. The total import value for Colombia in 2024 is estimated at USD 81.6 billion. Among all products, refined petroleum stands as the most imported item.
Colombia's energy industry, industrial expansion, and infrastructural requirements are all largely supported by foreign commerce. As per the Colombia customs data, it is an important center for trade and logistics because of its advantageous location as a bridge connecting North and South America. Colombia has made investments in improving port infrastructure, logistics, and customs in recent years, which has helped it diversify its imports and strengthen its connections with other countries.