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2022
Flag → Flag
Exports $1.08BRnk 29 / 215
2022
Flag → Flag
Top Product $466MWheat
2022
Flag → Flag
Exports $1.18BRnk 13 / 187
2022
Flag → Flag
Top Product $310MCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
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GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Canada-Colombia Trade: In 2022, Canada exported $1.08B to Colombia. The main products that Canada exported to Colombia were Wheat ($466M), Potassic Fertilizers ($115M), and Dried Legumes ($86.6M). Over the past 5 years the exports of Canada to Colombia have increased at an annualized rate of 10.6%, from $650M in 2017 to $1.08B in 2022.

In 2020, Canada exported services to Colombia worth $110M, with Travel ($88M), Computer and information services ($17.1M), and Communications services ($2.24M) being the largest in terms of value.

Colombia-Canada Trade: In 2022, Colombia exported $1.18B to Canada. The main products that Colombia exported to Canada were Coffee ($310M), Crude Petroleum ($262M), and Coal Briquettes ($247M). Over the past 5 years the exports of Colombia to Canada have increased at an annualized rate of 3.45%,  from $580M in 2017 to $1.18B in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$88.2M and imported C$96.1M from Colombia, resulting in a negative trade balance of C$7.92M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-7.7M (-8.03%) from C$95.9M to C$88.2M, while imports decreased by C$-102M (-51.4%) from C$198M to C$96.1M.

Trade In August 2024, the top exports of Canada to Colombia were Wheat (C$38.7M), Potassic Fertilizers (C$14.4M), Newsprint (C$5.74M), Packaged Medicaments (C$5.47M), and Pig Meat (C$5.37M). In August 2024 the top imports of Canada from Colombia were Crude Petroleum (C$66.9M), Coffee (C$35.9M), Coal Briquettes (C$33.2M), Cut Flowers (C$12.4M), and Bananas (C$5.71M).

Origins In August 2024 the exports of Canada were mainly from Saskatchewan (C$33.3M), Alberta (C$18.8M), Ontario (C$14.5M), Quebec (C$12.2M), and Manitoba (C$8.13M), while imports destinations were mainly Ontario (C$41.5M), Quebec (C$19M), New Brunswick (C$16M), British Columbia (C$8.5M), and Saskatchewan (C$5.27M).

Growth In August 2024, the decrease in Canada's year-by-year exports to Colombia was explained primarily by an decrease in product exports in Rapeseed Oil (C$-5M or -92.5%), Other Heating Machinery (C$-1.2M or -97.5%), and Washing and Bottling Machines (C$-1.15M or -99.9%). In August 2024, the decrease in Canada's year-by-year imports  from Colombia was explained primarily by an decrease in product imports  in Tropical Fruits (C$-666k or -65%), Electric Batteries (C$-501k or -65.5%), and Other Fruits (C$-353k or -42%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-7.7M(-8.03%)
IMPORT GROWTH (August 2023 - August 2024)C$-102M(-51.4%)
MAIN EXPORTER (August 2024)SaskatchewanC$33.3M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Colombia and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $1.08B to Colombia. The main products exported from Canada to Colombia were Wheat ($466M), Potassic Fertilizers ($115M), and Dried Legumes ($86.6M). During the last 5 years the exports of Canada to Colombia have increased at an annualized rate of 10.6%, from $650M in 2017 to $1.08B in 2022.

In 2017, Colombia exported $1.18B to Canada. The main products exported from Colombia to Canada were Coffee ($310M), Crude Petroleum ($262M), and Coal Briquettes ($247M). During the last 5 years the exports of Colombia to Canada have increased at an annualized rate of 3.45%, from $580M in 2022 to $1.18B in 2017.

Exports from Canada (Flag) to Colombia (Flag) (2022)

Exports from Colombia (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Canada than Colombia included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Colombia than Canada included Panama ($5.84B), Ecuador ($1.89B), and Turkey ($2.27B).

Difference in imports from Colombia (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Colombia

Flow
Scale

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

During 2022, Canada had a large net trade with Colombia in the exports of Vegetable Products ($572M), Chemical Products ($181M), and Machines ($106M).

During 2017, Colombia had a large net trade with Canada in the exports of Mineral Products ($530M), Vegetable Products ($397M), and Precious Metals ($113M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Colombia+$27.7MPackaged Medicaments
Top Product Potential Colombia Canada+$182MCrude Petroleum

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 Canada and Colombia. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Colombia (Flag) (2022)

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