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2023
Flag → Flag
Exports $1.27BRnk 55 / 220
2023
Flag → Flag
Top Product $90.4MPackaged Medicaments
2023
Flag → Flag
Exports $2.51BRnk 3 / 183
2023
Flag → Flag
Top Product $1.65BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
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GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
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GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

India-Colombia Trade: In 2023, India exported $1.27B to Colombia. The main products that India exported to Colombia were Packaged Medicaments ($90.4M), Cars ($79.9M), and Non-Retail Pure Cotton Yarn ($68.8M). Over the past 5 years the exports of India to Colombia have increased at an annualized rate of 4.58%, from $1.01B in 2018 to $1.27B in 2023.

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

Colombia-India Trade: In 2023, Colombia exported $2.51B to India. The main products that Colombia exported to India were Crude Petroleum ($1.65B), Gold ($519M), and Coke ($118M). Over the past 5 years the exports of Colombia to India have increased at an annualized rate of 31.3%,  from $643M in 2018 to $2.51B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $118M and imported $376M from Colombia, resulting in a negative trade balance of $258M. Between November 2023 and November 2024 the exports of India have increased by $25.7M (27.8%) from $92.3M to $118M, while imports increased by $136M (56.8%) from $240M to $376M.

Trade In November 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 November 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 November 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 November 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 (November 2023 - November 2024)$25.7M(27.8%)
IMPORT GROWTH (November 2023 - November 2024)$136M(56.8%)

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 2023, India exported $1.27B to Colombia. The main products exported from India to Colombia were Packaged Medicaments ($90.4M), Cars ($79.9M), and Non-Retail Pure Cotton Yarn ($68.8M). During the last 5 years the exports of India to Colombia have increased at an annualized rate of 4.58%, from $1.01B in 2018 to $1.27B in 2023.

In 2018, Colombia exported $2.51B to India. The main products exported from Colombia to India were Crude Petroleum ($1.65B), Gold ($519M), and Coke ($118M). During the last 5 years the exports of Colombia to India have increased at an annualized rate of 31.3%, from $643M in 2023 to $2.51B in 2018.

Exports from India (Flag) to Colombia (Flag) (2023)

Exports from Colombia (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Colombia
Top DestinationUnited States$14.8B

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 2023, countries that imported more from India than Colombia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Colombia than India included Panama ($4.66B), Ecuador ($2.19B), and Venezuela ($673M).

Difference in imports from Colombia (Flag) and India (Flag) (2023)

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 2023, India had a large net trade with Colombia in the exports of Chemical Products ($405M), Metals ($181M), and Textiles ($174M).

During 2018, Colombia had a large net trade with India in the exports of Mineral Products ($1.89B), Precious Metals ($521M), and Metals ($60.9M).

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) (2023)

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