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2022
Flag → Flag
Exports $1.59BRnk 49 / 217
2022
Flag → Flag
Top Product $148MMotorcycles and cycles
2022
Flag → Flag
Exports $2.55BRnk 4 / 187
2022
Flag → Flag
Top Product $1.86BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
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GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
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GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

India-Colombia Trade: In 2022, India exported $1.59B to Colombia. The main products that India exported to Colombia were Motorcycles and cycles ($148M), Cars ($125M), and Packaged Medicaments ($71.7M). Over the past 5 years the exports of India to Colombia have increased at an annualized rate of 11.2%, from $936M in 2017 to $1.59B in 2022.

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

Colombia-India Trade: In 2022, Colombia exported $2.55B to India. The main products that Colombia exported to India were Crude Petroleum ($1.86B), Gold ($385M), and Coke ($163M). Over the past 5 years the exports of Colombia to India have increased at an annualized rate of 52%,  from $314M in 2017 to $2.55B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $116M and imported $303M from Colombia, resulting in a negative trade balance of $187M. Between August 2023 and August 2024 the exports of India have increased by $16.5M (16.5%) from $99.9M to $116M, while imports increased by $2.15M (0.71%) from $301M to $303M.

Trade In August 2024, the top exports of India to Colombia were Two And Three Wheelers ($15.5M), Drug Formulations, Biologicals ($11.3M), Agro Chemicals ($8.36M), Products Of Iron And Steel ($7.53M), and Sugar ($5.44M). In August 2024 the top imports of India from Colombia were Petroleum: Crude ($159M), Coal,Coke And Briquittes Etc ($28.1M), Gold ($14.7M), Bulk Minerals And Ores ($4.92M), and Plastic Raw Materials ($3.27M).

Growth In August 2024, the increase in India's year-by-year exports to Colombia was explained primarily by an increase in product exports in Products Of Iron And Steel ($6.01M or 396%), Copper And Prdcts Made Of Copr ($3.03M or 5.99k%), and Aluminium, Products Of Aluminm ($1.81M or 269%). In August 2024, the increase in India's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Petroleum: Crude ($6.67M or 4.39%), Bulk Minerals And Ores ($3.93M or 397%), and Coal,Coke And Briquittes Etc ($1.95M or 7.47%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$16.5M(16.5%)
IMPORT GROWTH (August 2023 - August 2024)$2.15M(0.71%)

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

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

For full datasets download visit Bulk Download page.

Explore Colombia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.59B to Colombia. The main products exported from India to Colombia were Motorcycles and cycles ($148M), Cars ($125M), and Packaged Medicaments ($71.7M). During the last 5 years the exports of India to Colombia have increased at an annualized rate of 11.2%, from $936M in 2017 to $1.59B in 2022.

In 2017, Colombia exported $2.55B to India. The main products exported from Colombia to India were Crude Petroleum ($1.86B), Gold ($385M), and Coke ($163M). During the last 5 years the exports of Colombia to India have increased at an annualized rate of 52%, from $314M in 2022 to $2.55B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from India than Colombia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Colombia

Flow
Scale

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

During 2022, India had a large net trade with Colombia in the exports of Chemical Products ($456M), Transportation ($358M), and Textiles ($228M).

During 2017, Colombia had a large net trade with India in the exports of Mineral Products ($2.09B), Precious Metals ($389M), and Metals ($30.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Colombia+$68.8MPackaged Medicaments
Top Product Potential Colombia India+$897MCrude 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 India and Colombia. This means that a dot/product with the flag of India indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over India.

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

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