New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

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 0.8Rnk 33 / 124
2022
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 124
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 In 2022, Spain exported $1.52B to Colombia. The main products that Spain exported to Colombia are Refined Petroleum ($152M), Packaged Medicaments ($52M), and Iron Blocks ($46M). During the last 27 years the exports of Spain to Colombia have increased at an annualized rate of 5.82%, from $331M in 1995 to $1.52B in 2022.

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

Colombia-Spain 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). During the last 27 years the exports of Colombia to Spain have increased at an annualized rate of 7.24%, from $230M in 1995 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 0.8), and 20 in total exports ($394B). That same year, Colombia ranked 57 in the Economic Complexity Index (ECI 0.094), and 53 in total exports ($60.3B).

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €78.6M and imported €45.9M from Colombia, resulting in a positive trade balance of €32.7M. Between January 2023 and January 2024 the exports of Spain have decreased by €-30.8M (-28.2%) from €109M to €78.6M, while imports decreased by €-172M (-78.9%) from €218M to €45.9M.

Trade In January 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 January 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 January 2024 the exports of Spain were mainly from Barcelona (€22.6M), Madrid (€8.49M), Valencia (€5.43M), Guipúzcoa (€4.76M), and Sevilla (€4.1M), while imports destinations were mainly Barcelona (€10.1M), Asturias (€8.8M), Madrid (€7.44M), Pontevedra (€3.24M), and Cantabria (Santander) (€3.22M).

Growth In January 2024, the decrease in Spain's year-by-year exports to Colombia was explained primarily by an decrease in product exports in Commodities not elsewhere specified (€-3.69M or -69.5%), Refined Petroleum (€-2.41M or -8.06%), and Industrial Printers (€-1.71M or -93.4%). In January 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-30.8M(-28.2%)
IMPORT GROWTH (January 2023 - January 2024)€-172M(-78.9%)
MAIN EXPORTER (January 2024)Barcelona€22.6M

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

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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 27 years the exports of Spain to Colombia have increased at an annualized rate of 5.82%, from $331M in 1995 to $1.52B in 2022.

In 2022, 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 27 years the exports of Colombia to Spain have increased at an annualized rate of 7.24%, from $230M in 1995 to $1.52B in 2022.

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 2021, countries that imported more from Spain than Colombia were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Colombia than Spain were 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 2022, 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).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms