Economy of Boyaca

acá. When analyzing tariff level, the main imported product corresponds to electrodes, carbon brushes, lamp, with an annual average of $ 1.1 million, followed by steam turbines with $ 1 million. The next largest steam turbines, whose major imports corresponded to the period 1996-1998. Another very important tariff throughout the study period were products of iron or non-alloy steel, with imports up to 2001 exceeded U.S. $ 2.5 billion between 2002-2003 but showed a significant reduction, only imported U.S. $ 573 000 .

The top 20 products imported by Boyacá correspond to 80% of foreign purchases made by the department, in 2002-2003, equivalent to U.S. $ 8.3 million. The highest percentage of imports originate Boyacá U.S., 20.8% on average from 2002 to 2003. The main imports were electrical machinery, mechanical equipment and automobiles and other vehicles. Venezuela has grown as a supplier of the department and became the second most important country with 19% of total imports; Boyacá basically buys steel products classified under Chapter 72, in particular, rolled products and steel waste and scrap.

Purchases from Brazil and Switzerland became more dynamic in recent years, accounting for 17.7% and 9.3%,