Turkey (TUR) and Colombia (COL) Trade

About

Turkey-Colombia: In 2018, Turkey exported $271M to Colombia. The main products that Turkey exported to Colombia are Raw Iron Bars ($50.6M), Cement ($22.7M), and Iron Blocks ($20.9M). During the last 23 years the exports of Turkey to Colombia have increased at an annualized rate of 17.9%, from $6.14M in 1995 to $271M in 2018.

In 2018, Turkey did not exported services to Colombia.

Colombia-Turkey: In 2018, Colombia exported $1.7B to Turkey . The main products that Colombia exported to Turkey were Coal Briquettes ($1.63B), Coke ($41.5M), and Gold ($12.4M). During the last 23 years the exports of Turkey to Colombia have increased at an annualized rate of 17.9%, from $6.14M in 1995 to $271M in 2018.

In 2018, Colombia did not exported services to Turkey.

Comparison: In 2018, Turkey ranked 43 in the Economic Complexity Index (ECI 0.57), and 29 in total exports ($177B). 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, Turkey exported $271M to Colombia. The main products exported from Turkey to Colombia were Raw Iron Bars ($50.6M), Cement ($22.7M), and Iron Blocks ($20.9M). During the last 23 years the exports of Turkey to Colombia have increased at an annualized rate of 17.9%, from $6.14M in 1995 to $271M in 2018.

In 2018, Colombia exported $1.7B to Turkey. The main products exported from Colombia to Turkey were Coal Briquettes ($1.63B), Coke ($41.5M), and Gold ($12.4M). During the last 23 years the exports of Colombia to Turkey have increased at an annualized rate of 22.9%, from $14.9M in 1995 to $1.7B in 2018.

Latest Data

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Date

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Market Competitiveness

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Measure

SectionYear

Turkey
Top Destination: Germany, $16.6B

Colombia
Top Destination: United States, $11.5B

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

In 2018, countries that imported more from Turkey than Colombia were Germany ($16.6B), United Kingdom ($11.9B), and Italy ($10.1B).

In 2018, countries that imported more from Colombia than Turkey were United States ($11.5B), Panama ($3.07B), and Ecuador ($1.86B).

Comparative Advantage Turkey - Colombia

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Depth

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

During 2018, Turkey had a large net trade with Colombia in the exports of Metals ($107M), Chemical Products ($31M), and Machines ($30.4M).

During 2018, Colombia had a large net trade with Turkey in the exports of Mineral Products ($1.67B), Precious Metals ($14.4M), and Vegetable Products ($3.81M).

Tariff Section

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Tariffs

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

In 2018, the products from Turkey that paid the highest import tariffs to enter Colombia were Bovine cuts boneless, fresh or chilled (225%) and Bovine cuts boneless, frozen (225%).

In 2018, the products from Colombia that paid the highest import tariffs to enter Turkey were Bovine carcasses and half carcasses, fresh or chilled (80%) and Bovine cuts bone in, fresh or chilled (80%).

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*The tariffs present between Turkey and Colombia are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement

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 Turkey has comparative advantage over Colombia. Similarly, the more red a dot/product is, the more Colombia has comparative advantage over Turkey.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Turkey - Colombia

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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