Colombia

ECON COMPLEXITY (2018)

-0.23

RANK 56 OF 137

PRODUCT EXPORTS (2018)

$43.2B

RANK 55 OF 222

EXPORTS PER CAPITA (2018)

$871

RANK 195 OF 219

PRODUCT IMPORTS (2018)

$49.3B

RANK 52 OF 221

IMPORTS PER CAPITA (2018)

$992

RANK 205 of 219

SERVICE EXPORTS (2018)

$9.24B

RANK 30 OF 88

SERVICE IMPORTS (2018)

$11.9B

RANK 29 OF 88

GDP (2018)

$331B

CURRENT US$
RANK 37 OF 196

GDP GROWTH (2008-2018)

37%

CURRENT US$
RANK 103 OF 196

GDP PC (2018)

$6,668

CURRENT US$
RANK 96 OF 196

GDP PC GROWTH (2008-2018)

22.1%

Overview: In 2018 Colombia was the number 37 economy in the world in terms of GDP (current US$), the number 55 in total exports, the number 52 in total imports, and the number 56 most complex economy according to the Economic Complexity Index (ECI). In 2018, Colombia exported $43.2B and imported $49.3B, resulting in a negative trade balance of -$6.04B. In 2018, Colombia’s exports per capita were $871 and its imports per capita were $992.

Trade: The top exports of Colombia are Crude Petroleum ($13.8B), Coal Briquettes ($7.45B), Refined Petroleum ($2.96B), Coffee ($2.35B), and Cut Flowers ($1.46B). The top imports of Colombia are Refined Petroleum ($2.94B), Cars ($2.19B), Broadcasting Equipment ($2.04B), Packaged Medicaments ($1.23B), and Corn ($1B).

Destinations: Colombia exports mostly to United States ($11.5B), China ($4.07B), Panama ($3.07B), Ecuador ($1.86B), and Turkey($1.7B), and imports mostly from United States ($13.6B), China($9.68B), Mexico ($3.77B), Brazil ($2.86B), and Germany ($1.82B).

Location: Colombia borders Brazil, Ecuador, Panama, Peru, and Venezuela by land and Costa Rica, Dominican Republic, Haiti, Honduras, Jamaica, Nicaragua, and Cayman Islands by sea.

Exports

In 2018 Colombia exported a total of $43.2B, making it the number 55 exporter in the world. During the last five reported years the exports of Colombia have changed by -$17.6B from $60.8B in 2013 to $43.2B in 2018.

The most recent exports are led by Crude Petroleum ($13.8B), Coal Briquettes ($7.45B), Refined Petroleum ($2.96B), Coffee ($2.35B), and Cut Flowers ($1.46B).

Imports

In 2018 Colombia imported $49.3B, making it the number 52 trade destination in the world. During the last five reported years the imports of Colombia changed by -$8.13B from $57.4B in 2013 to $49.3B in 2018.

The most recent imports of Colombia are led by Refined Petroleum ($2.94B), Cars ($2.19B), Broadcasting Equipment ($2.04B), Packaged Medicaments ($1.23B), and Corn ($1B).

Trade Balance

As of 2018 Colombia had a negative trade balance of $5.18B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $2.97B in net imports.

Destinations

The most common destination for the exports of Colombia are United States ($11.5B), China ($4.07B), Panama ($3.07B), Ecuador ($1.86B), and Turkey ($1.7B).

Origins

The most common import partners for Colombia are United States ($13.6B), China ($9.68B), Mexico ($3.77B), Brazil ($2.86B), and Germany ($1.82B).