Foods For Trade

Colombia


Economy Overview
Colombia
Colombia's economy has been on a recovery trend during the past two years despite a serious armed conflict. The economy continues to improve thanks to austere government budgets, focused efforts to reduce public debt levels, and an export-oriented growth focus. Ongoing economic problems facing President URIBE range from reforming the pension system to reducing high unemployment. New exploration is needed to offset declining oil production. On the positive side, several international financial institutions have praised the economic reforms introduced by URIBE, which include measures designed to reduce the public-sector deficit below 2.5% of GDP. The government's economic policy and democratic security strategy have engendered a growing sense of confidence in the economy, particularly within the business sector. Coffee prices have recovered from previous lows as the Colombian coffee industry pursues greater market shares in developed countries such as the United States.

Economy Statistics
Economy Statistics
Exports: $15.5 billion f.o.b. (2004 est.) [?]
Export
Commodities:
petroleum, coffee, coal, apparel, bananas, cut flowers [?]
Export
Partners:
US 42.1%, Venezuela 9.7%, Ecuador 6% (2004) [?]
Imports: $15.34 billion f.o.b. (2004 est.) [?]
Import
Commodities:
industrial equipment, transportation equipment, consumer goods, chemicals, paper products, fuels, electricity [?]
Import
Partners:
US 29.1%, Venezuela 6.5%, China 6.4%, Mexico 6.2%, Brazil 5.8% (2004) [?]

Company Browser

Colombian American Chamber of Commerce
Address: 250 Catalonia Ave. Suite #407 Coral Gables, FL, 33134
Phone: 305-446-2542
Website: http://www.colombiachamber.com/



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