Mexico (MEX) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Mexico-Colombia Trade: In 2023, Mexico exported $3.06B to Colombia. The main products that Mexico exported to Colombia were Cars ($406M), Video Displays ($290M), and Packaged Medicaments ($153M). Over the past 5 years the exports of Mexico to Colombia have decreased at an annualized rate of 5.11%, from $3.98B in 2018 to $3.06B in 2023.

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

Colombia-Mexico Trade: In 2023, Colombia exported $1.86B to Mexico. The main products that Colombia exported to Mexico were Coal Briquettes ($575M), Cars ($108M), and Buses ($81.5M). Over the past 5 years the exports of Colombia to Mexico have increased at an annualized rate of 2.21%, from $1.67B in 2018 to $1.86B in 2023.

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

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). 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, Mexico exported $3.06B to Colombia. The main products exported from Mexico to Colombia were Cars ($406M), Video Displays ($290M), and Packaged Medicaments ($153M). During the last 5 years the exports of Mexico to Colombia have decreased at an annualized rate of 5.11%, from $3.98B in 2018 to $3.06B in 2023.

In 2018, Colombia exported $1.86B to Mexico. The main products exported from Colombia to Mexico were Coal Briquettes ($575M), Cars ($108M), and Buses ($81.5M). During the last 5 years the exports of Colombia to Mexico have increased at an annualized rate of 2.21%, from $1.67B in 2023 to $1.86B in 2018.

Exports from Mexico () to Colombia () (2023)

Exports from Colombia () to Mexico () (2023)

Latest Data

Trade between Mexico () and Colombia ()

Mexico Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Mexico than Colombia included United States ($456B), Canada ($33B), and China ($15B).

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

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

Comparative Advantage Mexico - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Colombia in the exports of Machines ($835M), Transportation ($606M), and Chemical Products ($546M).

During 2018, Colombia had a large net trade with Mexico in the exports of Mineral Products ($693M), Chemical Products ($226M), and Transportation ($197M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Colombia+$186MCars

Top Product Potential Colombia Mexico+$104MRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Colombia () (2023)

Exports from Colombia () to Mexico () (2023)

Latest Data

Trade between Mexico () and Colombia ()

Mexico Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Mexico - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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