Finland (FIN) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Finland-Colombia Trade: In 2023, Finland exported $164M to Colombia. The main products that Finland exported to Colombia were Mixed Mineral or Chemical Fertilizers ($31.7M), Kaolin Coated Paper ($19.9M), and Vegetable Parchment ($13.6M). Over the past 5 years the exports of Finland to Colombia have increased at an annualized rate of 4.51%, from $132M in 2018 to $164M in 2023.

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

Colombia-Finland Trade: In 2023, Colombia exported $98.9M to Finland. The main products that Colombia exported to Finland were Coffee ($34.5M), Ferroalloys ($28M), and Coke ($16.3M). Over the past 5 years the exports of Colombia to Finland have increased at an annualized rate of 7.56%, from $68.7M in 2018 to $98.9M in 2023.

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

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $164M to Colombia. The main products exported from Finland to Colombia were Mixed Mineral or Chemical Fertilizers ($31.7M), Kaolin Coated Paper ($19.9M), and Vegetable Parchment ($13.6M). During the last 5 years the exports of Finland to Colombia have increased at an annualized rate of 4.51%, from $132M in 2018 to $164M in 2023.

In 2018, Colombia exported $98.9M to Finland. The main products exported from Colombia to Finland were Coffee ($34.5M), Ferroalloys ($28M), and Coke ($16.3M). During the last 5 years the exports of Colombia to Finland have increased at an annualized rate of 7.56%, from $68.7M in 2023 to $98.9M in 2018.

Exports from Finland () to Colombia () (2023)

Exports from Colombia () to Finland () (2023)

Latest Data

Trade between Finland () and Colombia ()

Finland Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Finland than Colombia included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

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

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

Comparative Advantage Finland - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Colombia in the exports of Chemical Products ($49.2M), Paper Goods ($48.1M), and Machines ($28M).

During 2018, Colombia had a large net trade with Finland in the exports of Vegetable Products ($36.9M), Mineral Products ($30.8M), and Metals ($28.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Colombia+$5.31MPackaged Medicaments

Top Product Potential Colombia Finland+$9.64MCoal Briquettes

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Colombia () (2023)

Exports from Colombia () to Finland () (2023)

Latest Data

Trade between Finland () and Colombia ()

Finland Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Finland - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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