Colombia (COL) and Papua New Guinea (PNG) Trade | The Observatory of Economic Complexity

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Colombia-Papua New Guinea Trade: In 2021, Colombia exported $5.52k to Papua New Guinea. The main products that Colombia exported to Papua New Guinea were N/A. Over the past 5 years the exports of Colombia to Papua New Guinea have decreased at an annualized rate of 30.1%, from $33.1k in 2016 to $5.52k in 2021.

In 2021, Colombia did not export any services to Papua New Guinea.

Papua New Guinea-Colombia In N/A, Papua New Guinea did not export any products to Colombia.

In 2021, Papua New Guinea did not export any services to Colombia.

Comparison: In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Colombia exported $5.52k to Papua New Guinea. There were not main exports from Colombia to Papua New Guinea in 2021. During the last 5 years the exports of Colombia to Papua New Guinea have decreased at an annualized rate of 30.1%, from $33.1k in 2016 to $5.52k in 2021.

Papua New Guinea does not register exports to Colombia. The main products exported from Papua New Guinea to Colombia were Other Oily Seeds ($50.8k) and Vanilla ($2.1k).

Exports from Colombia () to Papua New Guinea () (2022)

Exports from Papua New Guinea () to Colombia () (2022)

Latest Data

Trade between Colombia () and Papua New Guinea ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

Papua New Guinea
Top DestinationJapan$4.03B

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

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

In 2022, countries that imported more from Papua New Guinea than Colombia included Japan ($4.03B), Australia ($1.74B), and Chinese Taipei ($1.46B).

Difference in imports from Papua New Guinea () and Colombia () (2022)

Comparative Advantage Colombia - Papua New Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Colombia and Papua New Guinea by product, considering products traded by both, Colombia and Papua New Guinea.

During 2021, Colombia had a large net trade with Papua New Guinea in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Papua New Guinea+$3.76kRefined Petroleum

Top Product Potential Papua New Guinea Colombia+$5.55kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Papua New Guinea () (2022)

Exports from Papua New Guinea () to Colombia () (2022)

Latest Data

Trade between Colombia () and Papua New Guinea ()

Colombia Exports

Market Competitiveness

Difference in imports from Papua New Guinea () and Colombia () (2022)

Comparative Advantage Colombia - Papua New Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Papua New Guinea () (2022)

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