COUNTRY PROFILE / COLOMBIA

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

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.