2023
Flag  
GDP
$363BCURRENT US$
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2013-2023
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GDP GROWTH
-4.87%CURRENT US$
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2023
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 GDP
$514BCURRENT US$
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2013-2023
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GDP GROWTH
72.6%CURRENT US$
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2023
Flag
GDP PC 
$6,947CURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195
2023
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GDP PC
$52,642CURRENT US$
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2013-2023
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GDP PC GROWTH
42.5%CURRENT US$
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About

Colombia-Israel Trade: In 2023, Colombia exported $496M to Israel. The main products that Colombia exported to Israel were Coal Briquettes ($447M), Coffee ($23M), and Precious Stones ($6.82M). Over the past 5 years the exports of Colombia to Israel have increased at an annualized rate of 2.66%, from $435M in 2018 to $496M in 2023.

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

Israel-Colombia Trade: In 2023, Israel exported $106M to Colombia. The main products that Israel exported to Colombia were Medical Instruments ($8.49M), Broadcasting Equipment ($7.85M), and Pesticides ($7.8M). Over the past 5 years the exports of Israel to Colombia have decreased at an annualized rate of 0.73%,  from $110M in 2018 to $106M in 2023.

In 2007, Israel exported services to Colombia worth $1.87M, with Computer and information services ($1.4M) and Royalties and license fees ($469k) being the largest in terms of value.

Comparison: In 2023,  Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Colombia exported $496M to Israel. The main products exported from Colombia to Israel were Coal Briquettes ($447M), Coffee ($23M), and Precious Stones ($6.82M). During the last 5 years the exports of Colombia to Israel have increased at an annualized rate of 2.66%, from $435M in 2018 to $496M in 2023.

In 2018, Israel exported $106M to Colombia. The main products exported from Israel to Colombia were Medical Instruments ($8.49M), Broadcasting Equipment ($7.85M), and Pesticides ($7.8M). During the last 5 years the exports of Israel to Colombia have decreased at an annualized rate of 0.73%, from $110M in 2023 to $106M in 2018.

Exports from Colombia (Flag) to Israel (Flag) (2023)

Exports from Israel (Flag) to Colombia (Flag) (2023)

Latest Data

Trade between Colombia (Flag) and Israel (Flag)

Colombia Exports

Israel Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$14.8B
Israel
Top Destination
United States$20.3B

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

In 2023, countries that imported more from Colombia than Israel included Panama ($4.66B), Ecuador ($2.19B), and Poland ($1.73B).

In 2023, countries that imported more from Israel than Colombia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

Difference in imports from Israel (Flag) and Colombia (Flag) (2023)

Comparative Advantage Colombia - Israel

Flow
Scale

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

During 2023, Colombia had a large net trade with Israel in the exports of Mineral Products ($447M), Vegetable Products ($27.5M), and Precious Metals ($6.86M).

During 2018, Israel had a large net trade with Colombia in the exports of Chemical Products ($33M), Machines ($29.1M), and Instruments ($20.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Israel+$3.52MCoffee
Top Product Potential Israel Colombia+$10.3MTelephones

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

Product Space of Colombia (Flag) and Israel (Flag) (2023)

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