Flag Mexico / Colombia Flag

Exports FlagFlag  (2018): $3.77B, Rnk 7 / 196

Top Product FlagFlag (2018): $658M, Cars

Exports FlagFlag (2018): $1.66B, Rnk 6 / 184

Top Product FlagFlag (2018): $462M, Coal Briquettes

Economic Complexity of Flag (2018): ECI 1.13, Rnk 21 / 137

Economic Complexity of Flag (2018): ECI 0.23, Rnk 56 / 137

GDP Flag (2018): $1.22T, CURRENT US$
Rnk 15 / 196

GDP GROWTH Flag (2008-2018): 9.97%, CURRENT US$
Rnk 144 / 196

GDP Flag (2018): $331B, CURRENT US$
Rnk 37 / 196

GDP GROWTH Flag (2008-2018): 37%, CURRENT US$
Rnk 103 / 196

GDP PC Flag (2018): $9,673, CURRENT US$
Rnk 79 / 196

GDP PC GROWTH Flag (2008-2018): -3.43%, CURRENT US$
Rnk 159 / 196

GDP PC Flag (2018): $6,668, CURRENT US$
Rnk 96 / 196

GDP PC GROWTH Flag (2008-2018): 22.1%, CURRENT US$
Rnk 101 / 196

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).

Bilateral Trade by Products

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Depth
Value

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.

Market Competitiveness

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Measure

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

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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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

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.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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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.