Canada–Colombia
Colombia's Profile
Economic Indicators
- Gross domestic product (GDP) at purchasing power parity (PPP): US$714.0 billion (2017)
- GDP per capita at PPP: US$14,600 (2017)
- Population: 49.1 million (2017)
- International merchandise exports and imports: 27.1% of GDP at official exchange rates (2017)
- Canada's 41st largest merchandise trade partner (2017)
- Canada's 42nd largest services trade partner (2016)
- Ease of Doing Business ranking: 59th among 190 countries (2017)
- World Competitiveness ranking: 66th among 137 countries (2017)
Notable Trade and Investment Agreements between Canada and Colombia
- Canada–Pacific Alliance Free Trade Agreement (under negotiation)
- Canada–Colombia Free Trade Agreement (2011)
Notes
The Library of Parliament's Trade and Investment series provides information on Canada's trade and investment relationship with the world and with selected countries. It also describes the trade relationship of each of Canada's 10 provinces and three territories with the world. In addition, it presents Canada's merchandise trade relationship with each of the United States' 50 states.
All figures were prepared using Statistics Canada data available in spring 2018.
To see the data tables used to generate the figures, view the HTML version of this profile at Trade and Investment Series 2017.
The merchandise trade data are customs‑based; the services trade data and foreign direct investment data are balance of payments–based.
Numbers in this profile have been rounded.
All dollar amounts are in Canadian dollars unless otherwise noted.
Definitions appear at the end of this profile.
Definitions are available.
The five most highly valued merchandise export and import categories have been identified based on 2017 values.
In the Economic Indicators section, data for GDP at PPP, GDP per capita at PPP, population, and international merchandise exports and imports as a share of GDP are from the World Bank's World Development Indicators database. The merchandise and services trade rankings are based on Statistics Canada data. The Ease of Doing Business ranking is from the World Bank's Doing Business project. The World Competitiveness ranking is from the World Economic Forum's Global Competitiveness Report.
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In addition, you can download each chart individually to multiple formats by clicking on the "Download figure" button at the top right of the chart. Before downloading bar charts and charts with plotted points, you may turn datasets on or off.
Marie Dumont
Economics, Resources and International Affairs Division
Parliamentary Information and Research Service
Publication No. 2018-614-E
18 February 2019
Canada's Merchandise Trade with Colombia
Bilateral merchandise trade in 2017: $1.7 billion
- Exports: $745.8 million, a 4.8% decrease from 2016
- Imports: $982.5 million, a 24.8% increase from 2016
Trade deficit in 2017: $236.7 million, an increase from $3.3 million in 2016
Exports in 2017: 0.14% of the total value of Canadian exports, a decrease from 0.15% in 2016
Imports in 2017: 0.18% of the total value of Canadian imports, an increase from 0.15% in 2016
Highest-valued exporters in 2017:
- Saskatchewan – $196.3 million, a decrease from $263.8 million in 2016
- Quebec – $154.8 million, an increase from $143.2 million in 2016
Exports in 2017:
- Resource-based goods – 53.8%, a decrease from 61.5% in 2016
- Manufactured goods – 46.2%, an increase from 38.5% in 2016
Highest-valued exports in 2017: Wheat and leguminous vegetables, together accounting for 46.6% of the total value of Canadian exports to Colombia
- Wheat: $284.5 million, a decrease from $323.1 million in 2016
- Leguminous vegetables: $63.0 million, a decrease from $88.1 million in 2016
Imports in 2017:
- Resource-based goods – 83.8%, an increase from 81.9% in 2016
- Manufactured goods – 16.2%, a decrease from 18.1% in 2016
Highest-valued imports in 2017: Coffee and crude oil, together accounting for 51.2% of the total value of Canadian imports from Colombia
- Coffee: $300.7 million, an increase from $235.9 million in 2016
- Crude oil: $202.7 million, an increase from $101.6 million in 2016
Largest merchandise trade deficit in 2017: Metals, mines and energy, at $341.3 million
Largest merchandise trade surplus in 2017: Other manufactured goods, at $92.5 million
Canada's Services Trade with Colombia
Bilateral services trade in 2016: $328.0 million
- Exports: $222.0 million, a 4.7% increase from 2015
- Imports: $106.0 million, a 0.9% decrease from 2015
Trade surplus in 2016: $116.0 million, an increase from $105.0 million in 2015
Services trade surplus in 2016: Largely due to commercial services trade
- Commercial services exports: $113.0 million
- Commercial services imports: $29.0 million
Canada's Foreign Direct Investment with Colombia
Stock of Canadian direct investment in Colombia in 2017: $5.1 billion, unchanged from 2016
Colombia as a destination for Canadian foreign direct investment among the 127 countries for which data were available for 2017: 24th largest
Data on Colombian direct investment in Canada are not available for 1997 to 1999, 2001, 2002, 2011, 2013, 2014, 2016 and 2017
0.5% of Canada's foreign direct investment stock was in Colombia in 2017, unchanged from 2016
Data on Colombian direct investment in Canada are not available for 1997 to 1999, 2001, 2002, 2011, 2013, 2014, 2016 and 2017