2022
Flag  
GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 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 
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 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

United Kingdom-Colombia Trade: In 2022, United Kingdom exported $839M to Colombia. The main products that United Kingdom exported to Colombia were Refined Petroleum ($316M), Hard Liquor ($113M), and Packaged Medicaments ($59.5M). Over the past 5 years the exports of United Kingdom to Colombia have increased at an annualized rate of 6.82%, from $603M in 2017 to $839M in 2022.

In 2009, United Kingdom exported services to Colombia worth $264M, with Services not allocated ($218M), Travel ($34M), and Transportation ($8.08M) being the largest in terms of value.

Colombia-United Kingdom Trade: In 2022, Colombia exported $639M to United Kingdom. The main products that Colombia exported to United Kingdom were Bananas ($160M), Coke ($103M), and Coal Briquettes ($95.5M). Over the past 5 years the exports of Colombia to United Kingdom have increased at an annualized rate of 6.14%,  from $474M in 2017 to $639M in 2022.

In 2022, Colombia did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $839M to Colombia. The main products exported from United Kingdom to Colombia were Refined Petroleum ($316M), Hard Liquor ($113M), and Packaged Medicaments ($59.5M). During the last 5 years the exports of United Kingdom to Colombia have increased at an annualized rate of 6.82%, from $603M in 2017 to $839M in 2022.

In 2017, Colombia exported $639M to United Kingdom. The main products exported from Colombia to United Kingdom were Bananas ($160M), Coke ($103M), and Coal Briquettes ($95.5M). During the last 5 years the exports of Colombia to United Kingdom have increased at an annualized rate of 6.14%, from $474M in 2022 to $639M in 2017.

Exports from United Kingdom (Flag) to Colombia (Flag) (2022)

Exports from Colombia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$61.8B
Colombia
Top Destination
United States$15.6B

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

In 2022, countries that imported more from United Kingdom than Colombia included United States ($61.8B), Germany ($40.6B), and Netherlands ($41.9B).

In 2022, countries that imported more from Colombia than United Kingdom included Panama ($5.84B), Ecuador ($1.89B), and Chile ($1.63B).

Difference in imports from Colombia (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Colombia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Colombia in the exports of Mineral Products ($321M), Chemical Products ($146M), and Foodstuffs ($125M).

During 2017, Colombia had a large net trade with United Kingdom in the exports of Vegetable Products ($335M), Mineral Products ($215M), and Foodstuffs ($20M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Colombia+$64.1MRefined Petroleum
Top Product Potential Colombia United Kingdom+$56.9MCoal 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

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

Product Space of United Kingdom (Flag) and Colombia (Flag) (2022)

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