Flag United States / Colombia Flag

Exports Flag β†’ Flag  (2018): $13.6B, Rnk 23 / 215

Top Product Flag β†’ Flag (2018): $2.41B, Refined Petroleum

Exports Flag β†’ Flag (2018): $11.5B, Rnk 1 / 184

Top Product Flag β†’ Flag (2018): $4.3B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

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

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 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): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 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

United States-Colombia: In 2018, United States exported $13.6B to Colombia. The main products exported from United States to Colombia were Refined Petroleum ($2.41B), Corn ($963M), and Soybean Meal ($446M). During the last 23 years the exports of United States to Colombia have increased at an annualized rate of 4.68%, from $4.75B in 1995 to $13.6B in 2018.

Colombia-United States: In 2018, Colombia exported $11.5B to United States. The main products exported from Colombia to United States were Crude Petroleum ($4.3B), Refined Petroleum ($1.87B), and Cut Flowers ($1.14B). During the last 23 years the exports of Colombia to United States have increased at an annualized rate of 5.08%, from $3.67B in 1995 to $11.5B in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Colombia ranked 56 in the Economic Complexity Index (ECI 0.23), and 55 in total exports ($43.2B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Colombia was ranked 96 with a GDP Per Capita of $6,668.

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $13.6B to Colombia. The main products exported from United States to Colombia were Refined Petroleum ($2.41B), Corn ($963M), and Soybean Meal ($446M). During the last 23 years the exports of United States to Colombia have increased at an annualized rate of 4.68%, from $4.75B in 1995 to $13.6B in 2018.

In 2018, Colombia exported $11.5B to United States. The main products exported from Colombia to United States were Crude Petroleum ($4.3B), Refined Petroleum ($1.87B), and Cut Flowers ($1.14B). During the last 23 years the exports of Colombia to United States have increased at an annualized rate of 5.08%, from $3.67B in 1995 to $11.5B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Colombia
Top Destination
: United States, $11.5B

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

In 2018, countries that imported more from United States than Colombia were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Colombia than United States were Saint Lucia ($799M), Bonaire ($119M), and North Korea ($2.79M).

Comparative Advantage United States - Colombia

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Depth

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

During 2018, United States had a large net trade with Colombia in the exports of Mineral Products ($2.81B), Chemical Products ($2.41B), and Machines ($2.21B).

During 2018, Colombia had a large net trade with United States in the exports of Mineral Products ($6.52B), Vegetable Products ($2.46B), and Precious Metals ($600M).

Tariff Section

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

In 2018, the products from United States that paid the highest import tariffs to enter Colombia were Tobacco, unmanufactured, not stemmed or stripped (46.7%) and Tobacco, unmanufactured, stemmed or stripped (46.7%).

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

Explore Tariff Data

*The tariffs present between United States and Colombia are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
189: Preferential tariff for Colombia
189: Preferential tariff for Colombia

Trade Forecasts

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This section shows a forecast for total trade between United States and Colombia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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