During the last decades the world has witnessed a boost driven by Foreign Direct Investment and Trade over other sorts of capital flows. Indeed, outflow FDI and Trade has outpaced world production since the 1960´s. FDI is one of the factors triggering the growth of GDP for both home and host countries. Also, exports are an important factor contributing to economic growth and the development of countries. Although FDI and Trade were seen as substitutes in the beginning, recent studies have found a complementary relationship. Nevertheless, there is a complexity in that relationship shown by a disparity in the conclusions given by different scholars depending on the period, the sample of countries and the factors analyzed. Therefore, the purpose of this paper is to empirically study the relationship between outward FDI and Export Trade Performance for the Colombian Case. This thesis uses a panel data set for 32 countries to be tested by OLS regression model. After the empirical analyses a complementarity was found between the outward FDI and Trade (Export) performance in the Colombian Case.
