Colombia (COL) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Colombia-Sweden Trade: In 2023, Colombia exported $69.1M to Sweden. The main products that Colombia exported to Sweden were Bananas ($23M), Coffee ($17.6M), and Coke ($16.9M). Over the past 5 years the exports of Colombia to Sweden have increased at an annualized rate of 7.93%, from $47.2M in 2018 to $69.1M in 2023.

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

Sweden-Colombia Trade: In 2023, Sweden exported $276M to Colombia. The main products that Sweden exported to Colombia were Packaged Medicaments ($49.7M), Nitrogenous Fertilizers ($31.4M), and Cars ($27.1M). Over the past 5 years the exports of Sweden to Colombia have increased at an annualized rate of 12.4%, from $154M in 2018 to $276M in 2023.

In 2001, Sweden exported services to Colombia worth $10.1M, with Royalties and license fees ($3.14M), Construction services ($2.29M), and Other business services ($2M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $69.1M to Sweden. The main products exported from Colombia to Sweden were Bananas ($23M), Coffee ($17.6M), and Coke ($16.9M). During the last 5 years the exports of Colombia to Sweden have increased at an annualized rate of 7.93%, from $47.2M in 2018 to $69.1M in 2023.

In 2018, Sweden exported $276M to Colombia. The main products exported from Sweden to Colombia were Packaged Medicaments ($49.7M), Nitrogenous Fertilizers ($31.4M), and Cars ($27.1M). During the last 5 years the exports of Sweden to Colombia have increased at an annualized rate of 12.4%, from $154M in 2023 to $276M in 2018.

Exports from Colombia () to Sweden () (2023)

Exports from Sweden () to Colombia () (2023)

Latest Data

Trade between Colombia () and Sweden ()

Colombia Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Colombia than Sweden included Panama ($4.66B), Ecuador ($2.19B), and Peru ($1.2B).

In 2023, countries that imported more from Sweden than Colombia included Germany ($18.4B), Denmark ($14.4B), and Norway ($10.9B).

Difference in imports from Sweden () and Colombia () (2023)

Comparative Advantage Colombia - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Sweden in the exports of Vegetable Products ($41.1M), Mineral Products ($16.9M), and Transportation ($6.39M).

During 2018, Sweden had a large net trade with Colombia in the exports of Chemical Products ($93.1M), Machines ($76.5M), and Transportation ($49M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Sweden+$10.3MCoffee

Top Product Potential Sweden Colombia+$26.4MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Sweden () (2023)

Exports from Sweden () to Colombia () (2023)

Latest Data

Trade between Colombia () and Sweden ()

Colombia Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Colombia () (2023)

Comparative Advantage Colombia - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Sweden () (2023)

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