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

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Colombia-Spain Trade: In 2023, Colombia exported $1.2B to Spain. The main products that Colombia exported to Spain were Crude Petroleum ($487M), Coal Briquettes ($195M), and Refined Petroleum ($121M). Over the past 5 years the exports of Colombia to Spain have decreased at an annualized rate of 0.28%, from $1.22B in 2018 to $1.2B in 2023.

In 2023, Colombia did not export any services to Spain.

Spain-Colombia Trade: In 2023, Spain exported $1.26B to Colombia. The main products that Spain exported to Colombia were Refined Petroleum ($133M), Packaged Medicaments ($103M), and Pure Olive Oil ($43.3M). Over the past 5 years the exports of Spain to Colombia have increased at an annualized rate of 4.28%, from $1.02B in 2018 to $1.26B in 2023.

In 2023, Spain did not export any services to Colombia.

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $1.2B to Spain. The main products exported from Colombia to Spain were Crude Petroleum ($487M), Coal Briquettes ($195M), and Refined Petroleum ($121M). During the last 5 years the exports of Colombia to Spain have decreased at an annualized rate of 0.28%, from $1.22B in 2018 to $1.2B in 2023.

In 2018, Spain exported $1.26B to Colombia. The main products exported from Spain to Colombia were Refined Petroleum ($133M), Packaged Medicaments ($103M), and Pure Olive Oil ($43.3M). During the last 5 years the exports of Spain to Colombia have increased at an annualized rate of 4.28%, from $1.02B in 2023 to $1.26B in 2018.

Exports from Colombia () to Spain () (2023)

Exports from Spain () to Colombia () (2023)

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$14.8B

Spain
Top DestinationFrance$61.9B

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 2023, countries that imported more from Colombia than Spain included Panama ($4.66B), Ecuador ($2.19B), and Venezuela ($673M).

In 2023, countries that imported more from Spain than Colombia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

Difference in imports from Spain () and Colombia () (2023)

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 2023, Colombia had a large net trade with Spain in the exports of Mineral Products ($816M), Vegetable Products ($187M), and Foodstuffs ($53.8M).

During 2018, Spain had a large net trade with Colombia in the exports of Chemical Products ($349M), Machines ($222M), and Mineral Products ($153M).

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.

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Spain () (2023)

Exports from Spain () to Colombia () (2023)

Latest Data

Trade between Colombia () and Spain ()

Colombia Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Colombia () (2023)

Comparative Advantage Colombia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Spain () (2023)

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