Colombia (COL) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Colombia-Hong Kong Trade: In 2023, Colombia exported $364M to Hong Kong. The main products that Colombia exported to Hong Kong were Gold ($261M), Precious Stones ($52.1M), and Pharmaceutical Animal Products ($15.3M). Over the past 5 years the exports of Colombia to Hong Kong have increased at an annualized rate of 14%, from $189M in 2018 to $364M in 2023.

In 2023, Colombia did not export any services to Hong Kong.

Hong Kong-Colombia Trade: In 2023, Hong Kong exported $59.2M to Colombia. The main products that Hong Kong exported to Colombia were Textile Footwear ($4.43M), Calculators ($4.4M), and Other Plastic Products ($2.96M). Over the past 5 years the exports of Hong Kong to Colombia have decreased at an annualized rate of 18.5%, from $165M in 2018 to $59.2M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $364M to Hong Kong. The main products exported from Colombia to Hong Kong were Gold ($261M), Precious Stones ($52.1M), and Pharmaceutical Animal Products ($15.3M). During the last 5 years the exports of Colombia to Hong Kong have increased at an annualized rate of 14%, from $189M in 2018 to $364M in 2023.

In 2018, Hong Kong exported $59.2M to Colombia. The main products exported from Hong Kong to Colombia were Textile Footwear ($4.43M), Calculators ($4.4M), and Other Plastic Products ($2.96M). During the last 5 years the exports of Hong Kong to Colombia have decreased at an annualized rate of 18.5%, from $165M in 2023 to $59.2M in 2018.

Exports from Colombia () to Hong Kong () (2023)

Exports from Hong Kong () to Colombia () (2023)

Latest Data

Trade between Colombia () and Hong Kong ()

Colombia Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Colombia than Hong Kong included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

In 2023, countries that imported more from Hong Kong than Colombia included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong () and Colombia () (2023)

Comparative Advantage Colombia - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Hong Kong in the exports of Precious Metals ($313M), Animal Products ($24M), and Vegetable Products ($9.41M).

During 2018, Hong Kong had a large net trade with Colombia in the exports of Machines ($18.1M), Metals ($9.51M), and Instruments ($6.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Hong Kong+$61.2MGold

Top Product Potential Hong Kong Colombia+$9.02MTelephones

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 Hong Kong. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Colombia.

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Hong Kong () (2023)

Exports from Hong Kong () to Colombia () (2023)

Latest Data

Trade between Colombia () and Hong Kong ()

Colombia Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Colombia () (2023)

Comparative Advantage Colombia - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Hong Kong () (2023)

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