Customs and other import duties in Colombia
Colombia: Customs and other import duties was 6.06 trillion current LCU in 2024. ▲ Rising
Customs and other import duties in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for customs and other import duties in Colombia is 6.06 trillion current LCU, measured in 2024.
The figure is up 5.0% on the previous year and up 54.5% over ten years.
Over the whole period, customs and other import duties in Colombia peaked at 6.26 trillion current LCU in 2022 and was at its lowest, 1.37 trillion current LCU, in 1999.
Colombia ranks 6th of 152 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.51 trillion current LCU | 1.37 trillion current LCU | 1.65 trillion current LCU | 2 |
| 2000s | 3.45 trillion current LCU | 1.74 trillion current LCU | 5.52 trillion current LCU | 4 |
| 2010s | 4.32 trillion current LCU | 3.56 trillion current LCU | 5.48 trillion current LCU | 10 |
| 2020s | 5.10 trillion current LCU | 2.93 trillion current LCU | 6.26 trillion current LCU | 5 |
Countries ranked near Colombia
More public sector data for Colombia
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 24.1% (2024)
- Taxes on goods and services 24.3% (2024)
- Net investment in nonfinancial assets 0.8% (2024)
- Net lending (+) / net borrowing (-) -4.6% (2024)
- Interest payments 13.9% (2024)
- Grants and other revenue 28.4% (2024)
- Interest payments 13.2% (2023)
- Other taxes 1.8% (2024)
Frequently asked questions
- What is customs and other import duties in Colombia?
- Customs and other import duties in Colombia was 6.06 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Colombia?
- The highest recorded value was 6.26 trillion current LCU in 2022.
- What is the lowest customs and other import duties recorded in Colombia?
- The lowest recorded value was 1.37 trillion current LCU in 1999.
- How does Colombia rank for customs and other import duties?
- Colombia ranks 6th out of 152 countries with data for 2024.
- Is customs and other import duties rising or falling in Colombia?
- Over the last ten years it is up 54.5%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.