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Colombia

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
2.8
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
19.04
17.69
1.35

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Saturday, April 19, 2025, the tariff situation involving Colombia and the United States is somewhat complex and marked by recent tensions and a current baseline tariff: Current U.S. Tariffs on Goods from Colombia: Baseline Tariff: Effective April 10, 2025, the United States has a 10% baseline tariff on imports from most countries, including Colombia. This was part of a 90-day pause on higher "reciprocal tariffs" that had been announced earlier. US-Colombia Trade Promotion Agreement (TPA): It's crucial to remember that a Free Trade Agreement has been in place between the U.S. and Colombia since 2012. This agreement has eliminated tariffs on most U.S. and Colombian goods. According to reports, the new 10% baseline tariff is being applied on top of any existing preferential rates under the TPA. For example, on flowers (a major Colombian export), there was a pre-existing base rate of 6.9%, and the new 10% tariff brings the total duty to 16.8%.   Threatened Tariffs (January 2025): Earlier in 2025, there was a dispute where the U.S. threatened to impose a 25% tariff on Colombian exports like coffee, avocados, flowers, and oil due to a disagreement over deportation flights. However, this conflict was resolved quickly, and these tariffs were not implemented.   Automotive Concerns: More recently (around April 2025), the U.S. has expressed concerns over new auto safety regulations in Colombia, suggesting they could hinder U.S. car exports. The U.S. warned of potential "swift enforcement action" if these plans proceed.   Colombia's Response: Request for Negotiation: Colombia has officially requested the Trump administration to lift the 10% tariffs, seeking negotiations to find better conditions and a possible reduction. No Retaliation (So Far): Despite the imposition of the 10% U.S. tariff, Colombia has not yet announced any retaliatory tariffs on U.S. goods. Key Points to Consider: Existing FTA: The presence of the US-Colombia Trade Promotion Agreement, which largely eliminated tariffs, makes the current 10% baseline tariff a significant point of contention for Colombia. They argue that under the FTA, they should have preferential rates.   Impact on Colombian Exports: The 10% tariff adds to existing duties, potentially harming the competitiveness of key Colombian exports like flowers in the U.S. market. U.S. Trade Surplus: The U.S. actually has a trade surplus with Colombia, exporting more goods to Colombia than it imports. This context might influence future negotiations.   Broader Trade Landscape: Colombia is also exploring options to mitigate the impact of U.S. tariffs by engaging with other major trading partners like China and the European Union. In summary, while there isn't a specific "reciprocal tariff" imposed by the U.S. on Colombia as of this update, a 10% baseline tariff is in effect, adding to existing duties under the FTA. Colombia is actively seeking negotiations with the U.S. to have these tariffs lifted.

US Negotiation Strategy

Based on the 2024 data, the top imports to the US from Colombia by value are: Mineral fuels and oils (HS code 27): $7.67 billion (including crude petroleum) Precious stones and metals (HS code 71): $2.17 billion (including gold) Live trees and other plants (HS code 07): $1.64 billion (including cut flowers) Coffee, tea, and spices (HS code 09): $1.52 billion (primarily coffee) Aluminum and articles thereof (HS code 76): $668.72 million Edible fruit and nuts (HS code 08): $561.78 million (including bananas and avocados) Electrical machinery and equipment (HS code 85): $459.16 million Plastics and articles thereof (HS code 39): $265.18 million Miscellaneous edible preparations (HS code 21): $196.99 million Sugars and sugar confectionery (HS code 17): $196.75 million   Here's a look at which states in the US can manufacture similar goods, along with examples of companies: Mineral fuels and oils (Crude Petroleum): Texas: A major hub for oil extraction and refining. Examples: ExxonMobil, Chevron, ConocoPhillips.   Louisiana: Significant oil and gas production and refining. Examples: Shell, Valero.   California: Has oil fields and refineries. Examples: Marathon Petroleum.   While the US is a major oil producer, it still imports crude oil for various reasons, including specific types of crude and strategic reserves. Precious stones and metals (Gold): Nevada: Has significant gold mining operations. Examples: Barrick Gold Corporation, Newmont Corporation.   Alaska: Also has active gold mines. Examples: Kinross Gold Corporation.   Colorado: Has a history of gold mining, though less active now.   The US does mine gold but also imports it for manufacturing, jewelry, and investment. Live trees and other plants (Cut Flowers): California: The leading state in floriculture. Examples: Rainbow Flowers, Mellano & Company.   Florida: Another significant flower-growing state. Examples: Costa Farms. Washington: Has a substantial cut flower industry.   Despite a domestic flower industry, the US imports heavily, especially around peak demand periods and for specific varieties.   Coffee, tea, and spices (Coffee): Hawaii: Grows coffee commercially, particularly Kona coffee. Examples: Kona Pacific Farmers Cooperative. California: Has a small but growing coffee cultivation.   However, the US climate is not ideal for large-scale commercial coffee production like in Colombia, so the vast majority is imported. Major US coffee companies like Starbucks and Nestlé source beans globally, including from Colombia.   Aluminum and articles thereof: Washington: Has aluminum production facilities. Examples: Alcoa.   Kentucky: Also has aluminum manufacturing. The US produces aluminum, but imports are needed to meet demand in various sectors like automotive and construction.   Edible fruit and nuts (Bananas, Avocados): Hawaii: Can grow bananas and avocados, but on a smaller scale.   California: Produces avocados. Examples: Calavo Growers.   Florida: Grows some bananas and avocados.   The US imports most bananas and a significant portion of avocados to meet consumer demand year-round. Electrical machinery and equipment: California: A major hub for electronics manufacturing, though much is assembly of imported components. Examples: Apple, Intel.   Texas: Growing in electronics manufacturing. Examples: Dell, Texas Instruments. Massachusetts: Strong in high-tech manufacturing. Examples: General Electric. The US manufactures electrical equipment but also imports specific components and finished goods. Plastics and articles thereof: Texas: Has a large petrochemical industry, the base for plastics production. Examples: Dow Chemical, ExxonMobil Chemical.   Louisiana: Also a significant plastics manufacturing state.   Ohio: Has a substantial plastics manufacturing sector. The US is a major producer of plastics but imports certain types and finished plastic products. Miscellaneous edible preparations: This is a broad category and manufacturing occurs across many states, depending on the specific product. Examples include food processing companies like General Mills (Minnesota), Kellogg's (Michigan), and Kraft Heinz (Illinois).   Sugars and sugar confectionery: Florida: Grows sugarcane. Examples: Florida Crystals.   Louisiana: Also has sugarcane production.   Michigan, Minnesota, North Dakota: Grow sugar beets. Examples: American Crystal Sugar Company.   The US produces sugar but also imports to meet demand. It's important to note that while these US states and companies manufacture similar types of goods, the specific varieties, quantities, and cost structures can differ significantly from those imported from Colombia. Trade occurs due to factors like specialization, resource availability, and consumer preferences.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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