The strategic location and the diversity of the natural resources present in the nation make it a crucial player in the global market but despite its efficient production capability, the country is still dependent on international imports for its domestic necessities due to the increasing consumer demands. The country has been witnessing significant growth over the years with an import value of 44 billion US dollars in 2020 a growth rate of 1.7% CAGR from the previous year.

The stable political climate and the pro-business policies of the trade management authorities of the nation have led to a total import trade value of 70 billion US dollars in 2023. The competitive pricing management systems of the nation and the strategic methods of transportation have made the nation an ideal place for foreign investment in different industries like agriculture, technology, and manufacturing sectors.

Top 10 Importing Companies of Colombia in 2023

According to the Colombia Customs Data, the top 10 importing companies of the nation in 2023 are,

• Grupo Exito – Valuation of import from Grupo Exito – 48 billion US dollars.

• Almacenes Exito SA – Valuation of import from Almacenes Exito SA – 32 billion US dollars.

• Colgate – Valuation of import from Colgate – 25 billion US dollars.

• Avianca Holdings SA – Valuation of import from Avianca Holdings SA – 22 billion US dollars.

• Chevron Corporation – Valuation of import from Chevron Corporation – 18 billion US dollars.

• Coca-Cola Femsa SAB de CV – Valuation of import from Coca-Cola Femsa SAB de CV – 15 billion US dollars.

• Nestle SA – Valuation of import from Nestle SA – 10 billion US dollars.

• Procter & Gamble Co – Valuation of import from Procter & Gamble Co – 8 billion US dollars.

• Bayer AG – Valuation of import from Bayer AG – 6 billion US dollars.

• Bavaria SA – Valuation of import from Bavaria SA – 5 billion US dollars.

A Comprehensive Overview of the Top Leading Imports of Colombia

The growing interest of foreign investors in the valuable price ranges and the well-equipped services of the trade management authorities make Colombia a crucial player in the global import market. According to the Colombia Import Data, the top 10 imported products of the nation in 2023 are,

• Petroleum oils – Export value – 55 billion US dollars

Subcategories

1. Gasoline
2. Diesel Fuel
3. Jet Fuel
4. Heating Oil
5. Liquefied Petroleum Gas

• Motor vehicles – Export value – 32 billion US dollars

Subcategories

1. Passenger Cars
2. Commercial Vehicles
3. Motorcycles and Mopeds
4. Heavy Trucks and Buses
5. Electric and Hybrid Vehicles

• Electronics – Export value – 28billion US dollars

Subcategories

1. Consumer Electronics
2. Computing and Networking Equipment
3. Home Appliances
4. Telecommunications Equipment
5. Industrial Electronics

• Machinery – Export value – 20 billion US dollars

Subcategories

1. Construction Machinery
2. Agricultural Machinery
3. Industrial Machinery
4. Mining Machinery
5. Material Handling Machinery

• Pharmaceuticals – Export value – 15 billion US dollars

Subcategories

1. Vaccines
2. Insulin
3. Diabetes medicines
4. BP medicines
5. Antibiotics

• Iron & steel – Export value – 10 billion US dollars

Subcategories

1. Carbon Steel
2. Alloy Steel
3. Stainless Steel
4. Tool Steel
5. Pig Iron

• Plastics & Rubber – Export value – 9 billion US dollars

Subcategories

1. Thermoplastics
2. Thermosetting Plastics
3. Rubber
4. Elastomers
5. Biodegradable Plastics

• Optical & medical instruments – Export value – 7 billion US dollars

Subcategories

1. Diagnostic Instruments
2. Surgical Instruments
3. Optical Instruments
4. Imaging and Visualization Systems
5. Therapeutic Instruments

• Organic chemicals – Export value – 6 billion US dollars

Subcategories

1. Alkanes
2. Aromatic Hydrocarbons
3. Alcohols
4. Carboxylic Acids
5. Polymeric

• Textiles – Export value – 5 billion US dollars

Subcategories

1. Natural Fibers
2. Synthetic Fibers
3. Blended Fabrics
4. Technical Textiles
5. Functional Textiles

Top 10 Import Trade Partners of Colombia in 2023

The thriving import market of the nation and the continuous growth of consumer needs have led the country to target some of the top trade destinations for beneficial revenue generation. According to the Colombia Customs Data, the top 10 import partners of the nation in 2023 are,

• United States – According to the USA Import Data, the valuation of imports from Colombia to the United States in 2023 – 52 billion US dollars.

• China – According to the China Import Data, the valuation of imports from Colombia to China in 2023 – 34 billion US dollars.

• Mexico – According to the Mexico Import Data, the valuation of imports from Colombia to Mexico in 2023 – 25 billion US dollars.

• Germany – According to the Germany Import Data, the valuation of imports from Colombia to Germany in 2023 – 22 billion US dollars.

• Brazil – According to the Brazil Import Data, the valuation of imports from Colombia to Brazil in 2023 – 18 billion US dollars.

• Japan – According to the Japan Import Data, the valuation of imports from Colombia to Japan in 2023 – 17 billion US dollars.

• South Korea – According to the South Korea Import Data, valuation of imports from Colombia to South Korea in 2023 – 12 billion US dollars.

• France – According to the France Import Data, the valuation of imports from Colombia to France in 2023 – 10 billion US dollars.

• Canada – According to the Canada Import Data, the valuation of imports from Colombia to Canada in 2023 – 8 billion US dollars.

• India – According to the India Import Data, the valuation of imports from Colombia to India in 2023 – 6 billion US dollars.

FAQ’s

Que. What is the top imported product of Colombia in 2023?
Ans. Petroleum oils are the top imported products of Colombia in 2023.

Que. What is the import trade value of Colombia in 2023?
Ans. The import trade value of Colombia in 2023 is 70 billion US dollars.

Que. Name the top Importing Company of Colombia in 2023.
Ans. Grupo Exito is the top Importing Company of Colombia in 2023.

Que. Where can you get a detailed trade analysis of the Colombia’s imports in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the Colombia’s Imports in 2023.

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