Colombia Imports At Record High

Colombian imports rose 26.6% last year to a record high of $21.2 billion from $16.7 billion in 2004. The rise in imports was driven by the demand for capital goods to feed the healthy annual economic growth of around 5%. Capital goods imports were up 12.8 percentage points compared with the previous year. The largest three exporting countries to Colombia accounted for around 44% of total imports: with the US exporting just over 28%, Mexico 8.5%, and China 7.6%.