China (CHN) and Colombia (COL) Trade

About

China-Colombia: In 2018, China exported $9.68B to Colombia. The main products that China exported to Colombia are Broadcasting Equipment ($1.39B), Computers ($581M), and Rubber Tires ($170M). During the last 23 years the exports of China to Colombia have increased at an annualized rate of 20.7%, from $127M in 1995 to $9.68B in 2018.

In 2018, China did not exported services to Colombia.

Colombia-China: In 2018, Colombia exported $4.07B to China . The main products that Colombia exported to China were Crude Petroleum ($3.41B), Ferroalloys ($298M), and Scrap Copper ($170M). During the last 23 years the exports of China to Colombia have increased at an annualized rate of 20.7%, from $127M in 1995 to $9.68B in 2018.

In 2018, Colombia did not exported services to China.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). 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, China exported $9.68B to Colombia. The main products exported from China to Colombia were Broadcasting Equipment ($1.39B), Computers ($581M), and Rubber Tires ($170M). During the last 23 years the exports of China to Colombia have increased at an annualized rate of 20.7%, from $127M in 1995 to $9.68B in 2018.

In 2018, Colombia exported $4.07B to China. The main products exported from Colombia to China were Crude Petroleum ($3.41B), Ferroalloys ($298M), and Scrap Copper ($170M). During the last 23 years the exports of Colombia to China have increased at an annualized rate of 21.7%, from $44.8M in 1995 to $4.07B in 2018.

Latest Data

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Date

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Market Competitiveness

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Measure

SectionYear

China
Top Destination: United States, $499B

Colombia
Top Destination: United States, $11.5B

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

In 2018, countries that imported more from China than Colombia were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from Colombia than China were Saint Lucia ($799M), Aruba ($184M), and Bonaire ($119M).

Comparative Advantage China - Colombia

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Depth

Year

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

During 2018, China had a large net trade with Colombia in the exports of Machines ($4.05B), Textiles ($1.09B), and Metals ($1.04B).

During 2018, Colombia had a large net trade with China in the exports of Mineral Products ($3.5B), Metals ($475M), and Vegetable Products ($18.5M).

Tariff Section

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Tariffs

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

In 2018, the products from China that paid the highest import tariffs to enter Colombia were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Colombia that paid the highest import tariffs to enter China were Bovine carcasses and half carcasses, fresh or chilled (80%) and Bovine cuts bone in, fresh or chilled (80%).

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*The tariffs present between China and Colombia are:
125: General duty rate
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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Economic Complexity

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Competitive Landscape

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Year

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 China has comparative advantage over Colombia. Similarly, the more red a dot/product is, the more Colombia has comparative advantage over China.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage China - Colombia

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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