New Zealand (NZL) and Colombia (COL) Trade | The Observatory of Economic Complexity

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New Zealand-Colombia Trade: In 2023, New Zealand exported $23M to Colombia. The main products that New Zealand exported to Colombia were Gas Turbines ($6.54M), Therapeutic Appliances ($3.17M), and Casein ($1.24M). Over the past 5 years the exports of New Zealand to Colombia have increased at an annualized rate of 11.3%, from $13.4M in 2018 to $23M in 2023.

In 2023, New Zealand did not export any services to Colombia.

Colombia-New Zealand Trade: In 2023, Colombia exported $18.1M to New Zealand. The main products that Colombia exported to New Zealand were Coffee ($9.57M), Pharmaceutical Animal Products ($2.24M), and Packaged Medicaments ($1.54M). Over the past 5 years the exports of Colombia to New Zealand have increased at an annualized rate of 0.83%, from $17.4M in 2018 to $18.1M in 2023.

In 2023, Colombia did not export any services to New Zealand.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). 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, New Zealand exported $23M to Colombia. The main products exported from New Zealand to Colombia were Gas Turbines ($6.54M), Therapeutic Appliances ($3.17M), and Casein ($1.24M). During the last 5 years the exports of New Zealand to Colombia have increased at an annualized rate of 11.3%, from $13.4M in 2018 to $23M in 2023.

In 2018, Colombia exported $18.1M to New Zealand. The main products exported from Colombia to New Zealand were Coffee ($9.57M), Pharmaceutical Animal Products ($2.24M), and Packaged Medicaments ($1.54M). During the last 5 years the exports of Colombia to New Zealand have increased at an annualized rate of 0.83%, from $17.4M in 2023 to $18.1M in 2018.

Exports from New Zealand () to Colombia () (2023)

Exports from Colombia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Colombia ()

New Zealand Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from New Zealand than Colombia included China ($12.3B), Australia ($5.2B), and Japan ($2.62B).

In 2023, countries that imported more from Colombia than New Zealand included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

Difference in imports from Colombia () and New Zealand () (2023)

Comparative Advantage New Zealand - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Colombia in the exports of Machines ($10.6M), Instruments ($4.24M), and Chemical Products ($2.17M).

During 2018, Colombia had a large net trade with New Zealand in the exports of Vegetable Products ($10.4M), Animal Products ($2.24M), and Chemical Products ($1.83M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Colombia+$615kVaccines, blood, antisera, toxins and cultures

Top Product Potential Colombia New Zealand+$2.26MCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Colombia () (2023)

Exports from Colombia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Colombia ()

New Zealand Exports

Colombia Exports

Market Competitiveness

Difference in imports from Colombia () and New Zealand () (2023)

Comparative Advantage New Zealand - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Colombia () (2023)

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