Volume 44, Number 174,
July-September 2013
Colombia: Commercial Integration
and Trade Imbalances in the Pacific Basin
Jaime Torres
INDUSTRIAL IMPORTS IN THE PACIFIC BASIN ( ...continuation )

Figure 2 shows major Colombian exports to the Asian Pacific by economic sector. The following is of note:

  • Rapid growth is a recent phenomenon (only since 2006).
  • The two most significant items on the list (crude oil and thermic coal) only show up at the end of the decade, where they grow quickly and define the mining export pattern that has consolidated the nation’s economy.
  • Positive dynamics for green coffee have benefited from recent improvements in international prices and penetration in new countries.
  • Industrial exports had a minority share.
  • Lightweight and agro-industrial industries are still marginal.


Figure 2. Major Colombian Exports to the Asian Pacific
2000-2010 (millions of dollars)


Source: Ministry of Foreign Trade and Tourism of Colombia, statistics, calculated by the author. https://www.mincomercio.gov.co/publicaciones.php?id=10422, consulted on June 29, 2012.

Figure 3 displays the dynamics of imports from China, which in 2011 represented two-thirds of the total goods bought by Colombia in the Pacific Basin, quickly surpassing one of Colombia’s traditional providers, such as Japan.


Figure 3. Share of Countries in Total Imports to Colombia from the Pacific Basin, 2000-2011


Source: Ministry of Foreign Trade and Tourism of Colombia, statistics, calculated by the author. https://www.mincomercio.gov.co/publicaciones.php?id=10422, consulted on June 29, 2012.

Published in Mexico, 2012-2017 © D.R. Universidad Nacional Autónoma de México (UNAM).
PROBLEMAS DEL DESARROLLO. REVISTA LATINOAMERICANA DE ECONOMÍA, Volume 49, Number 192, January-March is a quarterly publication by the Universidad Nacional Autónoma de México, Ciudad Universitaria, Coyoacán, CP 04510, México, D.F. by Instituto de Investigaciones Económicas, Circuito Mario de la Cueva, Ciudad Universitaria, Coyoacán,
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