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2022
Flag → Flag
Exports $205MRnk 39 / 187
2022
Flag → Flag
Top Product $98.7MCoal Briquettes
2022
Flag → Flag
Exports $213MRnk 49 / 207
2022
Flag → Flag
Top Product $52.1MMixed Mineral or Chemical Fertilizers
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
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GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $6,630CURRENT US$
Rnk 98 / 186
2012-2022
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GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Colombia-Finland Trade: In 2022, Colombia exported $205M to Finland. The main products that Colombia exported to Finland were Coal Briquettes ($98.7M), Coffee ($52.5M), and Coke ($26.5M). Over the past 5 years the exports of Colombia to Finland have increased at an annualized rate of 22.4%, from $74.7M in 2017 to $205M in 2022.

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

Finland-Colombia Trade: In 2022, Finland exported $213M to Colombia. The main products that Finland exported to Colombia were Mixed Mineral or Chemical Fertilizers ($52.1M), Electric Generating Sets ($42.4M), and Kaolin Coated Paper ($26.5M). Over the past 5 years the exports of Finland to Colombia have increased at an annualized rate of 6.09%,  from $158M in 2017 to $213M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $205M to Finland. The main products exported from Colombia to Finland were Coal Briquettes ($98.7M), Coffee ($52.5M), and Coke ($26.5M). During the last 5 years the exports of Colombia to Finland have increased at an annualized rate of 22.4%, from $74.7M in 2017 to $205M in 2022.

In 2017, Finland exported $213M to Colombia. The main products exported from Finland to Colombia were Mixed Mineral or Chemical Fertilizers ($52.1M), Electric Generating Sets ($42.4M), and Kaolin Coated Paper ($26.5M). During the last 5 years the exports of Finland to Colombia have increased at an annualized rate of 6.09%, from $158M in 2022 to $213M in 2017.

Exports from Colombia (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to Colombia (Flag) (2022)

Latest Data

Trade between Colombia (Flag) and Finland (Flag)

Colombia Exports

Finland Exports

Market Competitiveness

Color
Colombia
Top DestinationUnited States$15.6B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Colombia than Finland included United States ($15.6B), Panama ($5.84B), and Ecuador ($1.89B).

In 2022, countries that imported more from Finland than Colombia included Sweden ($9.1B), Germany ($9.99B), and Estonia ($3.58B).

Difference in imports from Finland (Flag) and Colombia (Flag) (2022)

Comparative Advantage Colombia - Finland

Flow
Scale

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

During 2022, Colombia had a large net trade with Finland in the exports of Mineral Products ($125M), Vegetable Products ($55.2M), and Metals ($21.5M).

During 2017, Finland had a large net trade with Colombia in the exports of Chemical Products ($75.7M), Machines ($67.1M), and Paper Goods ($47.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Finland+$9.64MCoal Briquettes
Top Product Potential Finland Colombia+$5.31MPackaged Medicaments

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

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

Product Space of Colombia (Flag) and Finland (Flag) (2022)

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