Gambia (GMB) and Colombia (COL) Trade | The Observatory of Economic Complexity

About

Gambia-Colombia Trade: In 2023, Gambia exported $3.71k to Colombia. The main products that Gambia exported to Colombia were Low-voltage Protection Equipment ($3.71k). Over the past 6 years the exports of Gambia to Colombia have decreased at an annualized rate of 15.8%, from $10.4k in 2017 to $3.71k in 2023.

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

Colombia-Gambia Trade: In 2023, Colombia exported $62.2k to Gambia. The main products that Colombia exported to Gambia were Tea ($34.6k), Rubber Tires ($17.1k), and Garments of Impregnated Fabric ($10.3k). Over the past 6 years the exports of Colombia to Gambia have increased at an annualized rate of 63%, from $5.41k in 2017 to $62.2k in 2023.

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

Comparison In 2023, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index. 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, Gambia exported $3.71k to Colombia. The main products exported from Gambia to Colombia were Low-voltage Protection Equipment ($3.71k). During the last 6 years the exports of Gambia to Colombia have decreased at an annualized rate of 15.8%, from $10.4k in 2017 to $3.71k in 2023.

In 2018, Colombia exported $62.2k to Gambia. The main products exported from Colombia to Gambia were Tea ($34.6k), Rubber Tires ($17.1k), and Garments of Impregnated Fabric ($10.3k). During the last 5 years the exports of Colombia to Gambia have increased at an annualized rate of 63%, from $5.41k in 2023 to $62.2k in 2018.

Exports from Gambia () to Colombia () (2023)

Exports from Colombia () to Gambia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationKazakhstan$2.91B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Gambia than Colombia included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Mali ($8.85M).

In 2023, countries that imported more from Colombia than Gambia included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Gambia - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gambia had a large net trade with Colombia in the exports of Machines ($3.71k).

During 2018, Colombia had a large net trade with Gambia in the exports of Vegetable Products ($34.6k), Plastics and Rubbers ($17.1k), and Textiles ($10.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia Colombia+$17.3kTrunks and Cases

Top Product Potential Colombia Gambia+$1.88kPalm Oil

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Gambia () to Colombia () (2023)

Exports from Colombia () to Gambia () (2023)

Market Competitiveness

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

Comparative Advantage Gambia - Colombia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring