January 28, 2008

Construction equipment accounted for 10 percent of total U.S industrial exports to Colombia in 2006, totaling over $492 million. The top U.S. exports in this sector included boring and sinking machinery and parts, dumpers, lifting machinery, bulldozers, and mechanical shovels. Colombian tariffs range between five and 15 percent, with an average of 12 percent in 2006. For construction equipment, 88 percent of U.S. industrial exports will receive duty-free treatment immediately upon implementation of the U.S.-Colombia Trade Promotion Agreement.

Source: Prepared by the International Trade Administration