2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
 GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186

About

Colombia-Greece Trade: In 2022, Colombia exported $22.6M to Greece. The main products that Colombia exported to Greece were Coffee ($13M), Bananas ($3.55M), and Scrap Aluminium ($3.05M). Over the past 5 years the exports of Colombia to Greece have decreased at an annualized rate of 4.25%, from $28.1M in 2017 to $22.6M in 2022.

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

Greece-Colombia Trade: In 2022, Greece exported $27.7M to Colombia. The main products that Greece exported to Colombia were Other Processed Fruits and Nuts ($12.3M), Packaged Medicaments ($4.15M), and Jams ($1.73M). Over the past 5 years the exports of Greece to Colombia have increased at an annualized rate of 13%,  from $15M in 2017 to $27.7M in 2022.

In 2003, Greece exported services to Colombia worth $505k, with Travel ($480k), Personal, cultural, and recreational services ($12.6k), and Other business services ($12.6k) being the largest in terms of value.

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $22.6M to Greece. The main products exported from Colombia to Greece were Coffee ($13M), Bananas ($3.55M), and Scrap Aluminium ($3.05M). During the last 5 years the exports of Colombia to Greece have decreased at an annualized rate of 4.25%, from $28.1M in 2017 to $22.6M in 2022.

In 2017, Greece exported $27.7M to Colombia. The main products exported from Greece to Colombia were Other Processed Fruits and Nuts ($12.3M), Packaged Medicaments ($4.15M), and Jams ($1.73M). During the last 5 years the exports of Greece to Colombia have increased at an annualized rate of 13%, from $15M in 2022 to $27.7M in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Greece (Flag)

Colombia Exports

Greece Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Greece
Top Destination
Italy$5.82B

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

In 2022, countries that imported more from Colombia than Greece included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from Greece than Colombia included Italy ($5.82B), Bulgaria ($3.62B), and Cyprus ($2.92B).

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

Comparative Advantage Colombia - Greece

Flow
Scale

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

During 2022, Colombia had a large net trade with Greece in the exports of Vegetable Products ($16.6M), Metals ($3.26M), and Chemical Products ($906k).

During 2017, Greece had a large net trade with Colombia in the exports of Foodstuffs ($15.7M), Chemical Products ($5.74M), and Metals ($1.76M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Greece+$6.98MCoffee
Top Product Potential Greece Colombia+$6.04MPackaged 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 Greece. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Colombia.

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

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