Canada (CAN) and Colombia (COL) Trade

About

Canada-Colombia: In 2018, Canada exported $794M to Colombia. The main products that Canada exported to Colombia are Wheat ($298M), Crude Petroleum ($55.6M), and Dried Legumes ($50.3M). During the last 23 years the exports of Canada to Colombia have increased at an annualized rate of 1.75%, from $533M in 1995 to $794M in 2018.

In 2017, Canada exported services to Colombia worth $68M, with Travel ($68M) being the largest in terms of value.

Colombia-Canada: In 2018, Colombia exported $925M to Canada . The main products that Colombia exported to Canada were Coal Briquettes ($225M), Gold ($203M), and Coffee ($181M). During the last 23 years the exports of Canada to Colombia have increased at an annualized rate of 1.75%, from $533M in 1995 to $794M in 2018.

In 2018, Colombia did not exported services to Canada.

Comparison: In 2018, Canada ranked 25 in the Economic Complexity Index (ECI 0.98), and 12 in total exports ($431B). That same year, Colombia ranked 56 in the Economic Complexity Index (ECI 0.23), and 55 in total exports ($43.2B).

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, Canada exported $794M to Colombia. The main products exported from Canada to Colombia were Wheat ($298M), Crude Petroleum ($55.6M), and Dried Legumes ($50.3M). During the last 23 years the exports of Canada to Colombia have increased at an annualized rate of 1.75%, from $533M in 1995 to $794M in 2018.

In 2018, Colombia exported $925M to Canada. The main products exported from Colombia to Canada were Coal Briquettes ($225M), Gold ($203M), and Coffee ($181M). During the last 23 years the exports of Colombia to Canada have increased at an annualized rate of 6.59%, from $213M in 1995 to $925M in 2018.

Latest Data

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Date

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Market Competitiveness

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Measure

SectionYear

Canada
Top Destination: United States, $314B

Colombia
Top Destination: United States, $11.5B

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 2018, countries that imported more from Canada than Colombia were United States ($314B), China ($21.5B), and United Kingdom ($12.9B).

In 2018, countries that imported more from Colombia than Canada were Panama ($3.07B), Ecuador ($1.86B), and Saint Lucia ($799M).

Comparative Advantage Canada - Colombia

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Depth

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

During 2018, Canada had a large net trade with Colombia in the exports of Vegetable Products ($355M), Chemical Products ($103M), and Machines ($92M).

During 2018, Colombia had a large net trade with Canada in the exports of Mineral Products ($383M), Vegetable Products ($232M), and Precious Metals ($222M).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Canada and Colombia (using the HS6 product classification and the last year reported).

In 2018, the products from Canada that paid the highest import tariffs to enter Colombia were Dairy produce: derived from milk, butter (299%) and Dairy produce: milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content, by weight, exceeding 6% but not exceeding 10% (293%).

In 2018, the products from Colombia that paid the highest import tariffs to enter Canada were Rice, husked (brown) (77.5%) and Rice, semi-milled or wholly milled (77.5%).

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*The tariffs present between Canada and Colombia are:
99: Canada - Colombia Free Trade Agreement (15 August 2011)
136: Most Favoured Nation duty rate treatement

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Service Trade

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Bilateral Service Trade

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Can Year

In 2017, Canada exported services to Colombia worth $68M, with Travel ($68M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more Canada has comparative advantage over Colombia. Similarly, the more red a dot/product is, the more Colombia has comparative advantage over Canada.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Canada - Colombia

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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