Colombia (COL) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Colombia-Ukraine Trade: In 2023, Colombia exported $59.7M to Ukraine. The main products that Colombia exported to Ukraine were Bananas ($32.5M), Coke ($10M), and Tropical Fruits ($4.8M). Over the past 5 years the exports of Colombia to Ukraine have increased at an annualized rate of 22.3%, from $21.8M in 2018 to $59.7M in 2023.

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

Ukraine-Colombia Trade: In 2023, Ukraine exported $34.6M to Colombia. The main products that Ukraine exported to Colombia were Wheat ($29.4M), Ferroalloys ($873k), and Planes, Helicopters, and/or Spacecraft ($605k). Over the past 5 years the exports of Ukraine to Colombia have decreased at an annualized rate of 16.1%, from $83.1M in 2018 to $34.6M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $59.7M to Ukraine. The main products exported from Colombia to Ukraine were Bananas ($32.5M), Coke ($10M), and Tropical Fruits ($4.8M). During the last 5 years the exports of Colombia to Ukraine have increased at an annualized rate of 22.3%, from $21.8M in 2018 to $59.7M in 2023.

In 2018, Ukraine exported $34.6M to Colombia. The main products exported from Ukraine to Colombia were Wheat ($29.4M), Ferroalloys ($873k), and Planes, Helicopters, and/or Spacecraft ($605k). During the last 5 years the exports of Ukraine to Colombia have decreased at an annualized rate of 16.1%, from $83.1M in 2023 to $34.6M in 2018.

Exports from Colombia () to Ukraine () (2023)

Exports from Ukraine () to Colombia () (2023)

Latest Data

Trade between Colombia () and Ukraine ()

Colombia Exports

Date

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Colombia than Ukraine included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

In 2023, countries that imported more from Ukraine than Colombia included Romania ($3.56B), Poland ($4.83B), and Turkey ($2.88B).

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

Comparative Advantage Colombia - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Ukraine in the exports of Vegetable Products ($40.9M), Mineral Products ($13.8M), and Metals ($1.98M).

During 2018, Ukraine had a large net trade with Colombia in the exports of Vegetable Products ($29.4M), Metals ($1.53M), and Machines ($1.46M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Ukraine+$12.5MCoal Briquettes

Top Product Potential Ukraine Colombia+$5.58MHot-Rolled Iron

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Ukraine () (2023)

Exports from Ukraine () to Colombia () (2023)

Latest Data

Trade between Colombia () and Ukraine ()

Colombia Exports

Ukraine Exports

Market Competitiveness

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

Comparative Advantage Colombia - Ukraine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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