Colombia - Cost to import

Cost to import, border compliance (US$)

The latest value for Cost to import, border compliance (US$) in Colombia was 545.00 as of 2019. Over the past 5 years, the value for this indicator has fluctuated between 545.00 in 2019 and 545.00 in 2014.

Definition: Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2014 545.00
2015 545.00
2016 545.00
2017 545.00
2018 545.00
2019 545.00

Cost to import, documentary compliance (US$)

The latest value for Cost to import, documentary compliance (US$) in Colombia was 50.00 as of 2019. Over the past 5 years, the value for this indicator has fluctuated between 50.00 in 2019 and 50.00 in 2014.

Definition: Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2014 50.00
2015 50.00
2016 50.00
2017 50.00
2018 50.00
2019 50.00

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade facilitation