Colombia (COL) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Colombia-Spain Trade: In 2022, Colombia exported $1.52B to Spain. The main products that Colombia exported to Spain were Crude Petroleum ($583M), Coal Briquettes ($315M), and Refined Petroleum ($154M). Over the past 5 years the exports of Colombia to Spain have increased at an annualized rate of 7.47%, from $1.06B in 2017 to $1.52B in 2022.

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

Spain-Colombia Trade: In 2022, Spain exported $1.52B to Colombia. The main products that Spain exported to Colombia were Refined Petroleum ($152M), Packaged Medicaments ($52M), and Iron Blocks ($46M). Over the past 5 years the exports of Spain to Colombia have increased at an annualized rate of 7.36%, from $1.07B in 2017 to $1.52B in 2022.

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

Comparison: In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Colombia exported $1.52B to Spain. The main products exported from Colombia to Spain were Crude Petroleum ($583M), Coal Briquettes ($315M), and Refined Petroleum ($154M). During the last 5 years the exports of Colombia to Spain have increased at an annualized rate of 7.47%, from $1.06B in 2017 to $1.52B in 2022.

In 2017, Spain exported $1.52B to Colombia. The main products exported from Spain to Colombia were Refined Petroleum ($152M), Packaged Medicaments ($52M), and Iron Blocks ($46M). During the last 5 years the exports of Spain to Colombia have increased at an annualized rate of 7.36%, from $1.07B in 2022 to $1.52B in 2017.

Exports from Colombia () to Spain () (2022)

Exports from Spain () to Colombia () (2022)

Latest Data

Trade between Colombia () and Spain ()

Colombia Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Colombia than Spain included Panama ($5.84B), Ecuador ($1.89B), and Venezuela ($632M).

In 2022, countries that imported more from Spain than Colombia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Colombia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with Spain in the exports of Mineral Products ($1.07B), Vegetable Products ($188M), and Animal and Vegetable Bi-Products ($94M).

During 2017, Spain had a large net trade with Colombia in the exports of Chemical Products ($334M), Machines ($231M), and Mineral Products ($176M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Spain+$262MCrude Petroleum

Top Product Potential Spain Colombia+$63.1MRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Colombia and Spain. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Colombia.

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Spain () (2022)

Exports from Spain () to Colombia () (2022)

Latest Data

Trade between Colombia () and Spain ()

Colombia Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Colombia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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