Benin (BEN) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Benin-Colombia Trade: In 2022, Benin exported $14.1k to Colombia. The main products that Benin exported to Colombia were Other Oily Seeds ($11.5k), Copper Springs ($2.09k), and Heavy Pure Woven Cotton ($300). Over the past 5 years the exports of Benin to Colombia have increased at an annualized rate of 15.3%, from $6.93k in 2017 to $14.1k in 2022.

In 2022, Benin did not export any services to Colombia.

Colombia-Benin Trade: In 2022, Colombia exported $338k to Benin. The main products that Colombia exported to Benin were Packing Bags ($112k), Plastic Lids ($109k), and Baked Goods ($82.2k). Over the past 5 years the exports of Colombia to Benin have decreased at an annualized rate of 5.61%, from $804k in 2017 to $338k in 2022.

In 2022, Colombia did not export any services to Benin.

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Benin exported $14.1k to Colombia. The main products exported from Benin to Colombia were Other Oily Seeds ($11.5k), Copper Springs ($2.09k), and Heavy Pure Woven Cotton ($300). During the last 5 years the exports of Benin to Colombia have increased at an annualized rate of 15.3%, from $6.93k in 2017 to $14.1k in 2022.

In 2017, Colombia exported $338k to Benin. The main products exported from Colombia to Benin were Packing Bags ($112k), Plastic Lids ($109k), and Baked Goods ($82.2k). During the last 5 years the exports of Colombia to Benin have decreased at an annualized rate of 5.61%, from $804k in 2022 to $338k in 2017.

Exports from Benin () to Colombia () (2022)

Exports from Colombia () to Benin () (2022)

Latest Data

Trade between Benin () and Colombia ()

Benin Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Benin than Colombia included Bangladesh ($406M), United Arab Emirates ($382M), and Pakistan ($35.2M).

In 2022, countries that imported more from Colombia than Benin included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

Difference in imports from Colombia () and Benin () (2022)

Comparative Advantage Benin - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Benin and Colombia by product, considering products traded by both, Benin and Colombia.

During 2022, Benin had a large net trade with Colombia in the exports of Vegetable Products ($11.5k), Metals ($2.09k), and Textiles ($448).

During 2017, Colombia had a large net trade with Benin in the exports of Textiles ($128k), Plastics and Rubbers ($109k), and Foodstuffs ($99.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Colombia+$27.7kOther Oily Seeds

Top Product Potential Colombia Benin+$144kPlastic Lids

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Colombia () (2022)

Exports from Colombia () to Benin () (2022)

Latest Data

Trade between Benin () and Colombia ()

Benin Exports

Colombia Exports

Market Competitiveness

Difference in imports from Colombia () and Benin () (2022)

Comparative Advantage Benin - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Benin () and Colombia () (2022)

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