economy
Record trade deficit in Colombia raises alarms for companies with international operations
Foreign trade. Photo: Image generated with artificial intelligence-CHATGPT
TL;DR
- Colombia's trade deficit hit a record high of US$16.377 billion FOB in 2025.
- Imports grew by 10% to US$70.502 million, while exports saw only a 1.3% increase to US$50.199.9 million.
- China surpassed the United States as Colombia's primary import supplier, accounting for 27.5% of imports.
- The Colombian peso appreciated by over 15% year-on-year by April 2026, adding pressure on exporters and importers.
- Companies are accelerating the digitalization of currency management, payments, and expense controls due to these economic shifts.
- Global66 introduced two new digital tools, Mesa de Dinero and Multitarjeta, to assist businesses operating in multiple currencies.
- Global66 saw significant growth in Colombia in 2025, with 354,000 registered clients and a transaction volume of US$543 million.