Colombia has a long period of strong economic performance based on economic liberalization and important levels of foreign direct investment. The agricultural sector is of great importance to the economy because of its contribution to employment and exports. The mining and hydrocarbons sector also generate large amounts of export earnings. The country faces development challenges such as reduce poverty and inequality, increase productivity and competitiveness, and diversify its export base and reduce dependence on oil exports. Colombia’s priorities include materializing trade opportunities from recently signed free trade agreements, the consolidation of a business environment that helps enterprises start and develop their export business and to develop a strong services export sector. To support these efforts, ITC continues to coordinate its work in the country through the existing leading Trade Support Institutions, while aiming to work both at national and state level, given higher priority to the SME integration into regional and global value chains.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.