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2023
Flag → Flag
Exports $72.7MRnk 121 / 216
2023
Flag → Flag
Top Product $10.2MEthylene Polymers
2023
Flag → Flag
Exports $337MRnk 32 / 183
2023
Flag → Flag
Top Product $244MGold
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
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GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
Flag
GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

United Arab Emirates-Colombia Trade: In 2023, United Arab Emirates exported $72.7M to Colombia. The main products that United Arab Emirates exported to Colombia were Ethylene Polymers ($10.2M), Liquid Pumps ($5.48M), and Nitrogen Heterocyclic Compounds ($5.15M). Over the past 5 years the exports of United Arab Emirates to Colombia have increased at an annualized rate of 13.6%, from $38.5M in 2018 to $72.7M in 2023.

In 2023, United Arab Emirates did not export any services to Colombia.

Colombia-United Arab Emirates Trade: In 2023, Colombia exported $337M to United Arab Emirates. The main products that Colombia exported to United Arab Emirates were Gold ($244M), Precious Metal Ore ($25.3M), and Diamonds ($20.4M). Over the past 5 years the exports of Colombia to United Arab Emirates have increased at an annualized rate of 19.5%,  from $138M in 2018 to $337M in 2023.

In 2023, Colombia did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Arab Emirates exported $72.7M to Colombia. The main products exported from United Arab Emirates to Colombia were Ethylene Polymers ($10.2M), Liquid Pumps ($5.48M), and Nitrogen Heterocyclic Compounds ($5.15M). During the last 5 years the exports of United Arab Emirates to Colombia have increased at an annualized rate of 13.6%, from $38.5M in 2018 to $72.7M in 2023.

In 2018, Colombia exported $337M to United Arab Emirates. The main products exported from Colombia to United Arab Emirates were Gold ($244M), Precious Metal Ore ($25.3M), and Diamonds ($20.4M). During the last 5 years the exports of Colombia to United Arab Emirates have increased at an annualized rate of 19.5%, from $138M in 2023 to $337M in 2018.

Exports from United Arab Emirates (Flag) to Colombia (Flag) (2023)

Exports from Colombia (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Colombia (Flag)

United Arab Emirates Exports

Colombia Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Colombia
Top DestinationUnited States$14.8B

This map shows whether countries import more from United Arab Emirates or Colombia. Each country is colored based on the difference in imports they receive from United Arab Emirates and Colombia or the difference in the growth in imports.

In 2023, countries that imported more from United Arab Emirates than Colombia included China ($40.2B), Japan ($37.4B), and India ($38.2B).

In 2023, countries that imported more from Colombia than United Arab Emirates included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

Difference in imports from Colombia (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Colombia

Flow
Scale

This chart compares trade between United Arab Emirates and Colombia by product, considering products traded by both, United Arab Emirates and Colombia.

During 2023, United Arab Emirates had a large net trade with Colombia in the exports of Plastics and Rubbers ($16.1M), Machines ($16.1M), and Chemical Products ($13.8M).

During 2018, Colombia had a large net trade with United Arab Emirates in the exports of Precious Metals ($271M), Mineral Products ($25.3M), and Vegetable Products ($23.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Colombia+$14.3MCars
Top Product Potential Colombia United Arab Emirates+$75.3MGold

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Arab Emirates and Colombia. This means that a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Colombia (Flag) (2023)

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