2023
Flag  
GDP
$514BCURRENT US$
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2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
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2023
Flag
 GDP
$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH
-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC
$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195

About

Israel-Colombia Trade: In 2023, Israel exported $106M to Colombia. The main products that Israel exported to Colombia were Medical Instruments ($8.49M), Broadcasting Equipment ($7.85M), and Pesticides ($7.8M). Over the past 5 years the exports of Israel to Colombia have decreased at an annualized rate of 0.73%, from $110M in 2018 to $106M in 2023.

In 2007, Israel exported services to Colombia worth $1.87M, with Computer and information services ($1.4M) and Royalties and license fees ($469k) being the largest in terms of value.

Colombia-Israel Trade: In 2023, Colombia exported $496M to Israel. The main products that Colombia exported to Israel were Coal Briquettes ($447M), Coffee ($23M), and Precious Stones ($6.82M). Over the past 5 years the exports of Colombia to Israel have increased at an annualized rate of 2.66%,  from $435M in 2018 to $496M in 2023.

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

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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
Value

In 2023, Israel exported $106M to Colombia. The main products exported from Israel to Colombia were Medical Instruments ($8.49M), Broadcasting Equipment ($7.85M), and Pesticides ($7.8M). During the last 5 years the exports of Israel to Colombia have decreased at an annualized rate of 0.73%, from $110M in 2018 to $106M in 2023.

In 2018, Colombia exported $496M to Israel. The main products exported from Colombia to Israel were Coal Briquettes ($447M), Coffee ($23M), and Precious Stones ($6.82M). During the last 5 years the exports of Colombia to Israel have increased at an annualized rate of 2.66%, from $435M in 2023 to $496M in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Colombia (Flag)

Israel Exports

Colombia Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Colombia
Top Destination
United States$14.8B

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

In 2023, countries that imported more from Israel than Colombia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Colombia than Israel included Panama ($4.66B), Ecuador ($2.19B), and Poland ($1.73B).

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

Comparative Advantage Israel - Colombia

Flow
Scale

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

During 2023, Israel had a large net trade with Colombia in the exports of Chemical Products ($33M), Machines ($29.1M), and Instruments ($20.3M).

During 2018, Colombia had a large net trade with Israel in the exports of Mineral Products ($447M), Vegetable Products ($27.5M), and Precious Metals ($6.86M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Colombia+$10.3MTelephones
Top Product Potential Colombia Israel+$3.52MCoffee

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

Product Space of Israel (Flag) and Colombia (Flag) (2023)

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