Flag Germany / Colombia Flag

Exports Flag β†’ Flag  (2018): $1.82B, Rnk 59 / 216

Top Product Flag β†’ Flag (2018): $197M, Packaged Medicaments

Exports Flag β†’ Flag (2018): $597M, Rnk 15 / 184

Top Product Flag β†’ Flag (2018): $182M, Coffee

Economic Complexity of Flag (2018): ECI 1.9, Rnk 4 / 137

Economic Complexity of Flag (2018): ECI 0.23, Rnk 56 / 137

GDP Flag (2018): $3.95T, CURRENT US$
Rnk 4 / 196

GDP GROWTH Flag (2008-2018): 5.83%, CURRENT US$
Rnk 153 / 196

GDP Flag (2018): $331B, CURRENT US$
Rnk 37 / 196

GDP GROWTH Flag (2008-2018): 37%, CURRENT US$
Rnk 103 / 196

GDP PC Flag (2018): $47,603, CURRENT US$
Rnk 18 / 196

GDP PC GROWTH Flag (2008-2018): 4.79%, CURRENT US$
Rnk 131 / 196

GDP PC Flag (2018): $6,668, CURRENT US$
Rnk 96 / 196

GDP PC GROWTH Flag (2008-2018): 22.1%, CURRENT US$
Rnk 101 / 196

Germany-Colombia: In 2018, Germany exported $1.82B to Colombia. The main products that Germany exported to Colombia are Packaged Medicaments ($197M), Cars ($124M), and Planes, Helicopters, and/or Spacecraft ($86.9M). During the last 23 years the exports of Germany to Colombia have increased at an annualized rate of 3.83%, from $768M in 1995 to $1.82B in 2018.

In 2018, Germany did not exported services to Colombia.

Colombia-Germany: In 2018, Colombia exported $597M to Germany . The main products that Colombia exported to Germany were Coffee ($182M), Coal Briquettes ($131M), and Bananas ($75.3M). During the last 23 years the exports of Germany to Colombia have increased at an annualized rate of 3.83%, from $768M in 1995 to $1.82B in 2018.

In 2018, Colombia did not exported services to Germany.

Comparison: In 2018,  Germany ranked 4 in the Economic Complexity Index (ECI 1.9), and 2 in total exports ($1.5T). That same year, Colombia ranked 56 in the Economic Complexity Index (ECI 0.23), and 55 in total exports ($43.2B).

Bilateral Trade by Products

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Depth
Value

In 2018, Germany exported $1.82B to Colombia. The main products exported from Germany to Colombia were Packaged Medicaments ($197M), Cars ($124M), and Planes, Helicopters, and/or Spacecraft ($86.9M). During the last 23 years the exports of Germany to Colombia have increased at an annualized rate of 3.83%, from $768M in 1995 to $1.82B in 2018.

In 2018, Colombia exported $597M to Germany. The main products exported from Colombia to Germany were Coffee ($182M), Coal Briquettes ($131M), and Bananas ($75.3M). During the last 23 years the exports of Colombia to Germany have decreased at an annualized rate of 1.18%, from $784M in 1995 to $597M in 2018.

Market Competitiveness

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Measure

Germany
Top Destination
: United States, $132B

Colombia
Top Destination
: United States, $11.5B

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

In 2018, countries that imported more from Germany than Colombia were United States ($132B), France ($121B), and China ($109B).

In 2018, countries that imported more from Colombia than Germany were Panama ($3.07B), Ecuador ($1.86B), and Saint Lucia ($799M).

Comparative Advantage Germany - Colombia

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Depth

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

During 2018, Germany had a large net trade with Colombia in the exports of Chemical Products ($560M), Machines ($464M), and Transportation ($268M).

During 2018, Colombia had a large net trade with Germany in the exports of Vegetable Products ($272M), Mineral Products ($153M), and Foodstuffs ($41.8M).

Tariff Section

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This section shows import tariffs for products traded between Germany and Colombia (using the HS6 product classification and the last year reported).

In 2017, the products from Germany that paid the highest import tariffs to enter Colombia were Mushrooms, prepared or preserved, not in vinegar (117%) and Vegetables: mushrooms of the genus Agaricus, provisionally preserved but unsuitable in that state for immediate consumption (116%).

In 2018, the products from Colombia that paid the highest import tariffs to enter Germany were Bovine carcasses and half carcasses, fresh or chilled (80%) and Bovine cuts bone in, fresh or chilled (80%).

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*The tariffs present between Germany and Colombia are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
189: Preferential tariff for Colombia

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over Colombia. Similarly, the more red a dot/product is, the more Colombia has comparative advantage over Germany.