Mexico (MEX) and Colombia (COL) Trade

About

Mexico-Colombia: In 2018, Mexico exported $3.77B to Colombia. The main products that Mexico exported to Colombia are Cars ($658M), Video Displays ($549M), and Refined Petroleum ($249M). During the last 23 years the exports of Mexico to Colombia have increased at an annualized rate of 8.98%, from $522M in 1995 to $3.77B in 2018.

In 2018, Mexico did not exported services to Colombia.

Colombia-Mexico: In 2018, Colombia exported $1.66B to Mexico . The main products that Colombia exported to Mexico were Coal Briquettes ($462M), Coke ($217M), and Cars ($148M). During the last 23 years the exports of Mexico to Colombia have increased at an annualized rate of 8.98%, from $522M in 1995 to $3.77B in 2018.

In 2018, Colombia did not exported services to Mexico.

Comparison: In 2018, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). That same year, Colombia ranked 56 in the Economic Complexity Index (ECI 0.23), and 55 in total exports ($43.2B).

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, Mexico exported $3.77B to Colombia. The main products exported from Mexico to Colombia were Cars ($658M), Video Displays ($549M), and Refined Petroleum ($249M). During the last 23 years the exports of Mexico to Colombia have increased at an annualized rate of 8.98%, from $522M in 1995 to $3.77B in 2018.

In 2018, Colombia exported $1.66B to Mexico. The main products exported from Colombia to Mexico were Coal Briquettes ($462M), Coke ($217M), and Cars ($148M). During the last 23 years the exports of Colombia to Mexico have increased at an annualized rate of 13.2%, from $95.6M in 1995 to $1.66B in 2018.

Latest Data

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Market Competitiveness

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Measure

SectionYear

Mexico
Top Destination: United States, $340B

Colombia
Top Destination: United States, $11.5B

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 2018, countries that imported more from Mexico than Colombia were United States ($340B), Canada ($18.3B), and Germany ($7.83B).

In 2018, countries that imported more from Colombia than Mexico were Panama ($3.07B), Turkey ($1.7B), and Ecuador ($1.86B).

Comparative Advantage Mexico - Colombia

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Depth

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

During 2018, Mexico had a large net trade with Colombia in the exports of Machines ($1.03B), Transportation ($890M), and Metals ($471M).

During 2018, Colombia had a large net trade with Mexico in the exports of Mineral Products ($765M), Chemical Products ($187M), and Transportation ($162M).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Mexico and Colombia (using the HS6 product classification and the last year reported).

In 2017, the products from Mexico that paid the highest import tariffs to enter Colombia were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (75%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (75%).

In 2018, the products from Colombia that paid the highest import tariffs to enter Mexico were Bovine carcasses and half carcasses, fresh or chilled (70.4%) and Bovine cuts bone in, fresh or chilled (70.4%).

Explore Tariff Data

*The tariffs present between Mexico and Colombia are:
34: AAP.CE N° 33 Acuerdo de Complementación Económica N° 33 Colombia México Venezuela
83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement
189: Preferential tariff for Colombia

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Competitive Landscape

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Year

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

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Mexico - Colombia

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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