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2022
Flag → Flag
Exports $1.52BRnk 40 / 218
2022
Flag → Flag
Top Product $152MRefined Petroleum
2022
Flag → Flag
Exports $1.52BRnk 11 / 187
2022
Flag → Flag
Top Product $583MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Spain-Colombia Trade: In 2022, Spain exported $1.52B to Colombia. The main products that Spain exported to Colombia were Refined Petroleum ($152M), Packaged Medicaments ($52M), and Iron Blocks ($46M). Over the past 5 years the exports of Spain to Colombia have increased at an annualized rate of 7.36%, from $1.07B in 2017 to $1.52B in 2022.

In 2022, Spain did not export any services to Colombia.

Colombia-Spain Trade: In 2022, Colombia exported $1.52B to Spain. The main products that Colombia exported to Spain were Crude Petroleum ($583M), Coal Briquettes ($315M), and Refined Petroleum ($154M). Over the past 5 years the exports of Colombia to Spain have increased at an annualized rate of 7.47%,  from $1.06B in 2017 to $1.52B in 2022.

In 2022, Colombia did not export any services to Spain.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €88.9M and imported €64.5M from Colombia, resulting in a positive trade balance of €24.4M. Between August 2023 and August 2024 the exports of Spain have increased by €11.1M (14.2%) from €77.8M to €88.9M, while imports decreased by €-40.3M (-38.4%) from €105M to €64.5M.

Trade In August 2024, the top exports of Spain to Colombia were Refined Petroleum (€27.5M), Packaged Medicaments (€3.4M), Beauty Products (€3.15M), Cars (€2.96M), and Vaccines, blood, antisera, toxins and cultures (€2.38M). In August 2024 the top imports of Spain from Colombia were Crude Petroleum (€121M), Coal Briquettes (€57.1M), Coffee (€9.98M), Bananas (€5.38M), and Ferroalloys (€4.65M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€23.4M), Madrid (€14.4M), Valencia (€4.88M), Sevilla (€4.47M), and Castellón (€3.83M), while imports destinations were mainly Asturias (€25M), Barcelona (€10.3M), Madrid (€5.39M), Valencia (€4.85M), and Cádiz (€4.6M).

Growth In August 2024, the increase in Spain's year-by-year exports to Colombia was explained primarily by an increase in product exports in Beauty Products (€1.82M or 136%), Spark-Ignition Engines (€1.21M or 518%), and Machinery Having Individual Functions (€1.16M or 790%). In August 2024, the decrease in Spain's year-by-year imports  from Colombia was explained primarily by an decrease in product imports  in Palm Oil (€-4.39M or -99.7%), Other Plastic Sheetings (€-296k or -28%), and Iron Oxides and Hydroxides (€-198k or -63.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€11.1M(14.2%)
IMPORT GROWTH (August 2023 - August 2024)€-40.3M(-38.4%)
MAIN EXPORTER (August 2024)Barcelona€23.4M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Colombia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.52B to Colombia. The main products exported from Spain to Colombia were Refined Petroleum ($152M), Packaged Medicaments ($52M), and Iron Blocks ($46M). During the last 5 years the exports of Spain to Colombia have increased at an annualized rate of 7.36%, from $1.07B in 2017 to $1.52B in 2022.

In 2017, Colombia exported $1.52B to Spain. The main products exported from Colombia to Spain were Crude Petroleum ($583M), Coal Briquettes ($315M), and Refined Petroleum ($154M). During the last 5 years the exports of Colombia to Spain have increased at an annualized rate of 7.47%, from $1.06B in 2022 to $1.52B in 2017.

Exports from Spain (Flag) to Colombia (Flag) (2022)

Exports from Colombia (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Spain than Colombia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Colombia than Spain included Panama ($5.84B), Ecuador ($1.89B), and Venezuela ($632M).

Difference in imports from Colombia (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Colombia

Flow
Scale

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

During 2022, Spain had a large net trade with Colombia in the exports of Chemical Products ($334M), Machines ($231M), and Mineral Products ($176M).

During 2017, Colombia had a large net trade with Spain in the exports of Mineral Products ($1.07B), Vegetable Products ($188M), and Animal and Vegetable Bi-Products ($94M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Colombia+$63.1MRefined Petroleum
Top Product Potential Colombia Spain+$262MCrude 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

This visualization shows the product space at the HS4 level with the flags of Spain and Colombia. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Colombia (Flag) (2022)

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