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 PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186

About

Colombia-British Indian Ocean Territory In 2022, Colombia exported $11.7k to British Indian Ocean Territory. The main products that Colombia exported to British Indian Ocean Territory are Jewellery ($11.7k). During the last 26 years the exports of Colombia to British Indian Ocean Territory have decreased at an annualized rate of 15.5%, from $926k in 1996 to $11.7k in 2022.

In 2022, Colombia did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Colombia In 2022, British Indian Ocean Territory exported $27.1k to Colombia. The main products that British Indian Ocean Territory exported to Colombia were Excavation Machinery ($27.1k). During the last 26 years the exports of British Indian Ocean Territory to Colombia have decreased at an annualized rate of 0.91%, from $34.3k in 1996 to $27.1k in 2022.

In 2022, British Indian Ocean Territory did not export any services to Colombia.

Comparison In 2022,  Colombia ranked 57 in the Economic Complexity Index (ECI 0.094),  and 53 in total exports ($60.3B). That same year, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $11.7k to British Indian Ocean Territory. The main products exported from Colombia to British Indian Ocean Territory were Jewellery ($11.7k). During the last 26 years the exports of Colombia to British Indian Ocean Territory have decreased at an annualized rate of 15.5%, from $926k in 1996 to $11.7k in 2022.

In 2022, British Indian Ocean Territory exported $27.1k to Colombia. The main products exported from British Indian Ocean Territory to Colombia were Excavation Machinery ($27.1k). During the last 27 years the exports of British Indian Ocean Territory to Colombia have decreased at an annualized rate of 0.91%, from $34.3k in 1995 to $27.1k in 2022.

Exports from Colombia (Flag) to British Indian Ocean Territory (Flag) (2022)

Exports from British Indian Ocean Territory (Flag) to Colombia (Flag) (2022)

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B

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

In 2021, countries that imported more from Colombia than British Indian Ocean Territory were United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2021, countries that imported more from British Indian Ocean Territory than Colombia were Uzbekistan ($280k).

Difference in imports from British Indian Ocean Territory (Flag) and Colombia (Flag) (2022)

Comparative Advantage Colombia - British Indian Ocean Territory

Flow
Scale

This chart compares trade between Colombia and British Indian Ocean Territory by product, considering products traded by both, Colombia and British Indian Ocean Territory.

During 2022, Colombia had a large net trade with British Indian Ocean Territory in the exports of Precious Metals ($11.7k).

During 2022, British Indian Ocean Territory had a large net trade with Colombia in the exports of Machines ($27.1k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Colombia has comparative advantage over British Indian Ocean Territory. Similarly, the more yellow a dot/product is, the more British Indian Ocean Territory has comparative advantage over Colombia.

Product Space of Colombia (Flag) and British Indian Ocean Territory (Flag) (2022)

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