Switzerland (CHE) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Switzerland-Colombia Trade: In 2022, Switzerland exported $552M to Colombia. The main products that Switzerland exported to Colombia were Packaged Medicaments ($164M), Vaccines, blood, antisera, toxins and cultures ($154M), and Base Metal Watches ($26.8M). Over the past 5 years the exports of Switzerland to Colombia have increased at an annualized rate of 2.26%, from $494M in 2017 to $552M in 2022.

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

Colombia-Switzerland Trade: In 2022, Colombia exported $173M to Switzerland. The main products that Colombia exported to Switzerland were Gold ($101M), Coffee ($30.8M), and Bananas ($12.9M). Over the past 5 years the exports of Colombia to Switzerland have decreased at an annualized rate of 14.5%, from $379M in 2017 to $173M in 2022.

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

Comparison: In 2022, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). 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, Switzerland exported $552M to Colombia. The main products exported from Switzerland to Colombia were Packaged Medicaments ($164M), Vaccines, blood, antisera, toxins and cultures ($154M), and Base Metal Watches ($26.8M). During the last 5 years the exports of Switzerland to Colombia have increased at an annualized rate of 2.26%, from $494M in 2017 to $552M in 2022.

In 2017, Colombia exported $173M to Switzerland. The main products exported from Colombia to Switzerland were Gold ($101M), Coffee ($30.8M), and Bananas ($12.9M). During the last 5 years the exports of Colombia to Switzerland have decreased at an annualized rate of 14.5%, from $379M in 2022 to $173M in 2017.

Exports from Switzerland () to Colombia () (2022)

Exports from Colombia () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Colombia ()

Switzerland Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationUnited States$61.7B

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Switzerland than Colombia included Germany ($53.5B), United States ($61.7B), and China ($44.1B).

In 2022, countries that imported more from Colombia than Switzerland included Panama ($5.84B), Ecuador ($1.89B), and Chile ($1.63B).

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

Comparative Advantage Switzerland - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Switzerland had a large net trade with Colombia in the exports of Chemical Products ($403M), Instruments ($72.9M), and Machines ($37.3M).

During 2017, Colombia had a large net trade with Switzerland in the exports of Precious Metals ($105M), Vegetable Products ($45.7M), and Instruments ($6.31M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Colombia+$53MPackaged Medicaments

Top Product Potential Colombia Switzerland+$129MGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Colombia () (2022)

Exports from Colombia () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Colombia ()

Switzerland Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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