Flag Colombia / Aruba Flag

Exports FlagFlag  (2018): $184M, Rnk 35 / 184

Top Product FlagFlag (2018): $155M, Crude Petroleum

Exports FlagFlag (2018): $14.6M, Rnk 3 / 57

Top Product FlagFlag (2018): $7.88M, Hard Liquor

Economic Complexity of Flag (2018): ECI 0.23, Rnk 56 / 137

GDP Flag (2018): $331B, CURRENT US$
Rnk 37 / 196

GDP GROWTH Flag (2008-2018): 37%, CURRENT US$
Rnk 103 / 196

GDP PC Flag (2018): $6,668, CURRENT US$
Rnk 96 / 196

GDP PC GROWTH Flag (2008-2018): 22.1%, CURRENT US$
Rnk 101 / 196

Colombia-Aruba: In 2018, Colombia exported $184M to Aruba. The main products exported from Colombia to Aruba were Crude Petroleum ($155M), Refined Petroleum ($12M), and Baked Goods ($847k). During the last 23 years the exports of Colombia to Aruba have increased at an annualized rate of 2%, from $117M in 1995 to $184M in 2018.

Aruba-Colombia: In 2018, Aruba exported $14.6M to Colombia. The main products exported from Aruba to Colombia were Hard Liquor ($7.88M), Rolled Tobacco ($6.72M), and Used Clothing ($20.8k). During the last 23 years the exports of Aruba to Colombia have increased at an annualized rate of 4.66%, from $5.13M in 1995 to $14.6M in 2018.

Comparison: In 2018, Colombia ranked 56 in the Economic Complexity Index (ECI 0.23), and 55 in total exports ($43.2B). That same year, Aruba ranked 173 in total exports ($199M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, Colombia was ranked 96 with a GDP Per Capita of $6,668, while Aruba has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Colombia exported $184M to Aruba. The main products exported from Colombia to Aruba were Crude Petroleum ($155M), Refined Petroleum ($12M), and Baked Goods ($847k). During the last 23 years the exports of Colombia to Aruba have increased at an annualized rate of 2%, from $117M in 1995 to $184M in 2018.

In 2018, Aruba exported $14.6M to Colombia. The main products exported from Aruba to Colombia were Hard Liquor ($7.88M), Rolled Tobacco ($6.72M), and Used Clothing ($20.8k). During the last 23 years the exports of Aruba to Colombia have increased at an annualized rate of 4.66%, from $5.13M in 1995 to $14.6M in 2018.

Market Competitiveness

#permalink to section
Measure

Colombia
Top Destination
: United States, $11.5B

Aruba
Top Destination
: Netherlands, $110M

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

In 2018, countries that imported more from Colombia than Aruba were United States ($11.5B), China ($4.07B), and Panama ($3.07B).

In 2018, countries that imported more from Aruba than Colombia were Afghanistan ($355k).

Comparative Advantage Colombia - Aruba

#permalink to section
Depth

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

During 2018, Colombia had a large net trade with Aruba in the exports of Mineral Products ($168M), Foodstuffs ($3.25M), and Vegetable Products ($3.19M).

During 2018, Aruba had a large net trade with Colombia in the exports of Foodstuffs ($14.6M), Textiles ($20.8k), and Machines ($12.3k).

Tariff Section

#permalink to section

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

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

In 2018, the products from Aruba that paid the highest import tariffs to enter Colombia were Tobacco, unmanufactured, not stemmed or stripped (57%) and Tobacco, unmanufactured, stemmed or stripped (57%).

Explore Tariff Data

*The tariffs present between Colombia and Aruba are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Colombia and Aruba. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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