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2022
Flag → Flag
Exports $1.09BRnk 63 / 221
2022
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Top Product $78MPackaged Medicaments
2022
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Exports $991MRnk 16 / 187
2022
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Top Product $466MGold
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.094Rnk 57 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 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 $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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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

Italy-Colombia In 2022, Italy exported $1.09B to Colombia. The main products that Italy exported to Colombia are Packaged Medicaments ($78M), Jewellery ($32.1M), and Machinery Having Individual Functions ($28M). During the last 27 years the exports of Italy to Colombia have increased at an annualized rate of 3.73%, from $405M in 1995 to $1.09B in 2022.

In 2002, Italy exported services to Colombia worth $15.7M, with Travel ($11.5M), Transportation ($2.1M), and Insurance services ($1.05M) being the largest in terms of value.

Colombia-Italy In 2022, Colombia exported $991M to Italy. The main products that Colombia exported to Italy were Gold ($466M), Coal Briquettes ($131M), and Bananas ($127M). During the last 27 years the exports of Colombia to Italy have increased at an annualized rate of 6.19%, from $196M in 1995 to $991M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Colombia ranked 57 in the Economic Complexity Index (ECI 0.094), and 53 in total exports ($60.3B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €46.3M and imported €64.8M from Colombia, resulting in a negative trade balance of €18.6M. Between December 2022 and December 2023 the exports of Italy have decreased by €-25.3M (-35.4%) from €71.6M to €46.3M, while imports decreased by €-50.5M (-43.8%) from €115M to €64.8M.

Trade In December 2023, the top exports of Italy to Colombia were Machinery Having Individual Functions (€3.95M), Rubberworking Machinery (€3.31M), Iron Pipes (€2.35M), Stone Processing Machines (€2.35M), and Other Electrical Machinery (€1.86M). In December 2023 the top imports of Italy from Colombia were Gold (€32.2M), Coal Briquettes (€15.1M), Bananas (€13.4M), Processed Fish (€5.26M), and Coffee (€4.98M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Colombia was explained primarily by an decrease in product exports in Packaged Medicaments (€-804k or -32.1%), Machinery Having Individual Functions (€-771k or -16.3%), and Pasta (€-721k or -35.6%). In December 2023, the decrease in Italy's year-by-year imports  from Colombia was explained primarily by an decrease in product imports  in Precious Stones (€-2.1M or -95.5%), Gold (€-2.03M or -5.95%), and Processed Fish (€-284k or -5.13%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-25.3M(-35.4%)
IMPORT GROWTH (December 2022 - December 2023)€-50.5M(-43.8%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.09B to Colombia. The main products exported from Italy to Colombia were Packaged Medicaments ($78M), Jewellery ($32.1M), and Machinery Having Individual Functions ($28M). During the last 27 years the exports of Italy to Colombia have increased at an annualized rate of 3.73%, from $405M in 1995 to $1.09B in 2022.

In 2022, Colombia exported $991M to Italy. The main products exported from Colombia to Italy were Gold ($466M), Coal Briquettes ($131M), and Bananas ($127M). During the last 27 years the exports of Colombia to Italy have increased at an annualized rate of 6.19%, from $196M in 1995 to $991M in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Colombia
Top DestinationUnited States$15.6B

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

In 2021, countries that imported more from Italy than Colombia were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Colombia than Italy were Panama ($5.84B), Ecuador ($1.89B), and Venezuela ($632M).

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

Comparative Advantage Italy - Colombia

Flow
Scale

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

During 2022, Italy had a large net trade with Colombia in the exports of Machines ($399M), Chemical Products ($199M), and Foodstuffs ($78.6M).

During 2022, Colombia had a large net trade with Italy in the exports of Precious Metals ($472M), Vegetable Products ($214M), and Mineral Products ($131M).

Service Trade

Bilateral Service Trade

Ita Year

In 2002, Italy exported services to Colombia worth $15.7M, with Travel ($11.5M), Transportation ($2.1M), and Insurance services ($1.05M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Colombia (Flag) (2002)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Colombia. Similarly, the more yellow a dot/product is, the more Colombia has comparative advantage over Italy.

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

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