Colombia (COL) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Colombia-Turkey Trade: In 2023, Colombia exported $815M to Turkey. The main products that Colombia exported to Turkey were Coal Briquettes ($681M), Coke ($98.8M), and Coffee ($15.8M). Over the past 5 years the exports of Colombia to Turkey have decreased at an annualized rate of 14.2%, from $1.75B in 2018 to $815M in 2023.

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

Turkey-Colombia Trade: In 2023, Turkey exported $262M to Colombia. The main products that Turkey exported to Colombia were Iron Blocks ($25.9M), Motor vehicles; parts and accessories (8701 to 8705) ($11M), and Copper Springs ($10.4M). Over the past 5 years the exports of Turkey to Colombia have decreased at an annualized rate of 3.7%, from $317M in 2018 to $262M in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $815M to Turkey. The main products exported from Colombia to Turkey were Coal Briquettes ($681M), Coke ($98.8M), and Coffee ($15.8M). During the last 5 years the exports of Colombia to Turkey have decreased at an annualized rate of 14.2%, from $1.75B in 2018 to $815M in 2023.

In 2018, Turkey exported $262M to Colombia. The main products exported from Turkey to Colombia were Iron Blocks ($25.9M), Motor vehicles; parts and accessories (8701 to 8705) ($11M), and Copper Springs ($10.4M). During the last 5 years the exports of Turkey to Colombia have decreased at an annualized rate of 3.7%, from $317M in 2023 to $262M in 2018.

Exports from Colombia () to Turkey () (2023)

Exports from Turkey () to Colombia () (2023)

Latest Data

Trade between Colombia () and Turkey ()

Colombia Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Colombia than Turkey included Panama ($4.66B), Ecuador ($2.19B), and Brazil ($2.12B).

In 2023, countries that imported more from Turkey than Colombia included Germany ($24.7B), United Kingdom ($15.1B), and United Arab Emirates ($14.7B).

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

Comparative Advantage Colombia - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Turkey in the exports of Mineral Products ($779M), Vegetable Products ($17.3M), and Foodstuffs ($3.65M).

During 2018, Turkey had a large net trade with Colombia in the exports of Metals ($60.3M), Textiles ($52M), and Machines ($49.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Turkey+$11MCoffee

Top Product Potential Turkey Colombia+$13.2MMotor vehicles; parts and accessories (8701 to 8705)

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Turkey () (2023)

Exports from Turkey () to Colombia () (2023)

Latest Data

Trade between Colombia () and Turkey ()

Colombia Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Colombia - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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