Romania (ROU) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Romania-Colombia Trade: In 2023, Romania exported $99.5M to Colombia. The main products that Romania exported to Colombia were Motor vehicles; parts and accessories (8701 to 8705) ($42.7M), Light Fixtures ($5.31M), and Iron Pipes ($4.67M). Over the past 5 years the exports of Romania to Colombia have decreased at an annualized rate of 11.7%, from $185M in 2018 to $99.5M in 2023.

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

Colombia-Romania Trade: In 2023, Colombia exported $15.9M to Romania. The main products that Colombia exported to Romania were Coffee ($10.1M), Cut Flowers ($2.2M), and Raw Sugar ($599k). Over the past 5 years the exports of Colombia to Romania have increased at an annualized rate of 1.89%, from $14.4M in 2018 to $15.9M in 2023.

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

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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, Romania exported $99.5M to Colombia. The main products exported from Romania to Colombia were Motor vehicles; parts and accessories (8701 to 8705) ($42.7M), Light Fixtures ($5.31M), and Iron Pipes ($4.67M). During the last 5 years the exports of Romania to Colombia have decreased at an annualized rate of 11.7%, from $185M in 2018 to $99.5M in 2023.

In 2018, Colombia exported $15.9M to Romania. The main products exported from Colombia to Romania were Coffee ($10.1M), Cut Flowers ($2.2M), and Raw Sugar ($599k). During the last 5 years the exports of Colombia to Romania have increased at an annualized rate of 1.89%, from $14.4M in 2023 to $15.9M in 2018.

Exports from Romania () to Colombia () (2023)

Exports from Colombia () to Romania () (2023)

Latest Data

Trade between Romania () and Colombia ()

Romania Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Romania than Colombia included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

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

Comparative Advantage Romania - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Colombia in the exports of Transportation ($43M), Machines ($18.9M), and Miscellaneous ($10.7M).

During 2018, Colombia had a large net trade with Romania in the exports of Vegetable Products ($13.1M), Foodstuffs ($1.72M), and Mineral Products ($477k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Colombia+$11.7MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Colombia Romania+$10.2MCoal Briquettes

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Colombia () (2023)

Exports from Colombia () to Romania () (2023)

Latest Data

Trade between Romania () and Colombia ()

Romania Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Romania - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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