Mexico has lost share of total products imported into Colombia, while China has increased its share of that market.
In 2024, Colombian imports of goods grew at an annual rate of 1.3%, to $60.246 billion.
Conversely, Colombia exported goods worth $51.091 billion, a 2.9% annual decline, according to data from the Ministry of Finance and Public Credit.
Products imported into Colombia
Among other products, Mexico exports cars, projectors and monitors, medicines, computers, iron and steel tubes, tractors, and hair care products to the Colombian market.
For its part, sales of Colombian products in Mexico consist mainly of coal, cars, palm oil, insecticides, and beauty, makeup, and skin care products.
Between 2020 and 2024, Mexico’s share of total products imported into Colombia fell from 4.9% to 3.8%.
In contrast, China’s share of total imports to Colombia rose from 8.2 to 10.1 percent during the same period.
Finally, the United States‘ share fell from 30.6 to 29.2 percent in the same comparison.
Pacific Alliance
On June 6, 2012, Colombia, Chile, Mexico, and Peru signed the Pacific Alliance Agreement. Two years later, on February 10, 2014, the same countries ratified the framework protocols. In Colombia’s case, approval came with Laws 1721 and 1746 of 2014.
The Pacific Alliance was created as a regional integration mechanism. Its objective is clear: to build integrated markets and generate greater international competitiveness.
In this context, Colombian exports of non-traditional products to the world showed steady growth. They include shrimp, bananas, flowers, emeralds, and manufactured goods. In 2017, they reached $14.45 billion. By 2024, they totaled $23.481 billion and represented 47% of total exports.
By sector, in 2024, agriculture, food, and beverages accounted for 26% of exports. Fuels and extractive products accounted for 43%. Manufacturing accounted for 22% and other items for 8%.
In addition, June 2025 marked a key rebound. The agriculture, food, and beverage sector grew 36% compared to the same month in 2024. This jump confirms its strategic role in the country’s export performance.