Analysis of the foreign trade of spare parts in Colombia Análisis del comercio exterior de autopartes en Colombia

Abstract

Background: The international trade is understood as “the interchange of goods and services between people living in different countries” [1]. International trade activities performed from Colombia are based on mercantilist theory, which is founded in the increase of wealth starting from a positive trade balance. Objective: To analyze the Colombian auto parts industry in order to understand its behavior, given its relevance for the national economy, as it represents 6.2% of the GDP (Gross Domestic Product). Methodology: Review and analysis of foreign trade of spare parts in Colombia, based on scientific literature, government documents and the information registered at the system of foreign trade -SICEX. Results: An analysis of the trade balance for the spare parts sector in Colombia is showed, providing relevant elements about the registered tariff items in the import and export operations of auto parts in 2009, 2010 and 2011. Conclusion:This paper identifies the main companies, products, countries of origin and destiny for the foreign trade operation of automotive spare parts in Colombia, given the influence and contribution of this industry for the economic growth of the country.