2022
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GDP
$344BCURRENT US$
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2012-2022
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GDP GROWTH
-7.22%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$6,630CURRENT US$
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2012-2022
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GDP PC GROWTH
-18.1%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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About

Colombia-South Korea In 2022, Colombia exported $617M to South Korea. The main products that Colombia exported to South Korea are Coal Briquettes ($260M), Coffee ($175M), and Ferroalloys ($81.8M). During the last 27 years the exports of Colombia to South Korea have increased at an annualized rate of 9.51%, from $53.1M in 1995 to $617M in 2022.

In 2022, Colombia did not export any services to South Korea.

South Korea-Colombia In 2022, South Korea exported $1B to Colombia. The main products that South Korea exported to Colombia were Cars ($125M), Large Construction Vehicles ($48.9M), and Alkylbenzenes and Alkylnaphthalenes ($46.2M). During the last 27 years the exports of South Korea to Colombia have increased at an annualized rate of 5.1%, from $262M in 1995 to $1B in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $617M to South Korea. The main products exported from Colombia to South Korea were Coal Briquettes ($260M), Coffee ($175M), and Ferroalloys ($81.8M). During the last 27 years the exports of Colombia to South Korea have increased at an annualized rate of 9.51%, from $53.1M in 1995 to $617M in 2022.

In 2022, South Korea exported $1B to Colombia. The main products exported from South Korea to Colombia were Cars ($125M), Large Construction Vehicles ($48.9M), and Alkylbenzenes and Alkylnaphthalenes ($46.2M). During the last 27 years the exports of South Korea to Colombia have increased at an annualized rate of 5.1%, from $262M in 1995 to $1B in 2022.

Exports from Colombia (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Colombia (Flag) (2022)

Latest Data

Trade between Colombia (Flag) and South Korea (Flag)

Colombia Exports

South Korea Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Colombia than South Korea were Panama ($5.84B), Ecuador ($1.89B), and Venezuela ($632M).

In 2021, countries that imported more from South Korea than Colombia were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Colombia (Flag) (2022)

Comparative Advantage Colombia - South Korea

Flow
Scale

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

During 2022, Colombia had a large net trade with South Korea in the exports of Mineral Products ($260M), Vegetable Products ($198M), and Metals ($127M).

During 2022, South Korea had a large net trade with Colombia in the exports of Plastics and Rubbers ($248M), Machines ($191M), and Transportation ($172M).

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 South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Colombia.

Product Space of Colombia (Flag) and South Korea (Flag) (2022)

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