Colombia | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Colombia
Records
63
Source
Colombia | Exports of goods and services (current US$)
1960 632672494.34815
1961 589865537.31343
1962 605740502.24251
1963 579510844.44444
1964 714265144.44444
1965 699047619.04762
1966 541851851.85185
1967 653146477.14504
1968 701707004.18004
1969 808812068.09955
1970 955259648.01943
1971 935820962.91131
1972 1149373247.9066
1973 1539558029.3318
1974 1798616360.4063
1975 2071845444.9923
1976 2615131863.3809
1977 3283905564.2271
1978 3867783604.0414
1979 4251544715.065
1980 5416924889.4313
1981 4312469259.9634
1982 4252517718.4337
1983 4050952667.7868
1984 4546303965.0854
1985 4818143265.7942
1986 6582202894.2535
1987 6165155372.873
1988 6386221631.4089
1989 7118228010.9586
1990 9024672480.3886
1991 9478146064.9523
1992 9645918068.3734
1993 10093756778.141
1994 12254486171.268
1995 13443126537.006
1996 14766792154.328
1997 15829469959.008
1998 14780193358.852
1999 15829235073.02
2000 15895257719.354
2001 15110265985.54
2002 14511230142.032
2003 15687687299.894
2004 19637278136.39
2005 24709929567.402
2006 28683606690.625
2007 33889993561.534
2008 43916519836.398
2009 38181805541.502
2010 46816280695.472
2011 64569763981.204
2012 69731471894.415
2013 69107146201.365
2014 63418461300.132
2015 45932176705.049
2016 41608310926.584
2017 47233141868.566
2018 53136579845.358
2019 51258795213.199
2020 36557247845.24
2021 52007559158.023
2022 70730241264.481

Colombia | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Colombia
Records
63
Source