Continent: Latin America
Official Name: Republic of Colombia
Political System: Presidential Regime
President: Gustavo Petro
Vice-President: Francia Márquez
Area: 1.1 million km²
Capital: Bogotá
Official Language: Spanish
Currency: Colombian Peso (COP)
Population: Approximately 49.6 million inhabitants (World Bank, 2018)
Major Cities: Medellín, Cali (2.47 million), Barranquilla (1.2 million), Cartagena (1 million)
Agreements and Conventions
A Memorandum of Understanding (MoU) exists between Côte d'Ivoire and Colombia. It focuses on the development of initiatives in the fields of education and research.
A. Main Exports from Côte d'Ivoire to Colombia
Oilseeds, Cotton, Rubber, Hydrocarbons, Metals
B. Main Imports to Côte d'Ivoire from Colombia
Sugar, Plastics, Chemical products, Consumer goods, Hydrocarbons, Metal products, Clinker; Machinery
|
Trade Flows Côte d'Ivoire - Colombia (Value in millions FCFA) |
|||||
|
Years |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Exports |
7 |
168 |
2 |
NP |
59 |
|
Imports |
81,555 |
41,596 |
57,744 |
194,300 |
159,712 |
|
Trade Balance |
-81,548 |
-41,428 |
-57,742 |
NP |
-159,712 |
|
Global Bilateral Trade |
85,562 |
41,764 |
57,746 |
NP |
159,771 |
Sources: DGE-DPPSE NP: Not Available
Sources: DGE-DPCEI
Exports show very low values, with a peak in 2020 at 168 million FCFA and a notable drop in 2021 to 2 million FCFA. Data for 2022 is not provided (NP), and there is a slight recovery to 59 million FCFA in 2023. These variations may be due to factors such as fluctuations in international markets, internal and external economic conditions, and potentially disruptions like the COVID-19 pandemic. The average value of Ivorian exports during 2019-2023 is estimated at 0.047 billion FCFA/year.
Imports show a general upward trend with a significant increase in 2022 to 194,300 million FCFA, followed by a slight decrease in 2023 to 159,712 million FCFA. This trend may be due to increased demand for Colombian products or changes in Côte d'Ivoire's trade policies and economic needs. The average value of Ivorian imports during 2019-2023 is estimated at 106.98 billion FCFA/year.
The Trade Balance is negative throughout the period, indicating that Côte d'Ivoire imports significantly more from Colombia than it exports. The largest negative value is observed in 2023 at -159,712 million FCFA, indicating a persistent and growing trade imbalance.
Global Bilateral Trade decreased from 2019 to 2021, likely due to the pandemic and a drop in exports. There is a strong rebound in 2023 to 159,771 billion FCFA, despite the absence of data for 2022.