Australia (AUS) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Australia-Colombia Trade: In 2023, Australia exported $57.5M to Colombia. The main products that Australia exported to Colombia were High-voltage Protection Equipment ($5.75M), Orthopedic Appliances ($5.27M), and Therapeutic Appliances ($4.76M). Over the past 5 years the exports of Australia to Colombia have increased at an annualized rate of 0.84%, from $55.1M in 2018 to $57.5M in 2023.

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

Colombia-Australia Trade: In 2023, Colombia exported $111M to Australia. The main products that Colombia exported to Australia were Coffee ($59M), Gold ($12.5M), and Cut Flowers ($7.87M). Over the past 5 years the exports of Colombia to Australia have increased at an annualized rate of 9.79%, from $69.6M in 2018 to $111M in 2023.

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

Comparison: In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). 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, Australia exported $57.5M to Colombia. The main products exported from Australia to Colombia were High-voltage Protection Equipment ($5.75M), Orthopedic Appliances ($5.27M), and Therapeutic Appliances ($4.76M). During the last 5 years the exports of Australia to Colombia have increased at an annualized rate of 0.84%, from $55.1M in 2018 to $57.5M in 2023.

In 2018, Colombia exported $111M to Australia. The main products exported from Colombia to Australia were Coffee ($59M), Gold ($12.5M), and Cut Flowers ($7.87M). During the last 5 years the exports of Colombia to Australia have increased at an annualized rate of 9.79%, from $69.6M in 2023 to $111M in 2018.

Exports from Australia () to Colombia () (2023)

Exports from Colombia () to Australia () (2023)

Latest Data

Trade between Australia () and Colombia ()

Australia Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$137B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Australia than Colombia included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

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

Comparative Advantage Australia - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Australia had a large net trade with Colombia in the exports of Machines ($20.3M), Instruments ($12.3M), and Chemical Products ($10.7M).

During 2018, Colombia had a large net trade with Australia in the exports of Vegetable Products ($69.7M), Precious Metals ($12.8M), and Mineral Products ($6.41M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Colombia+$3.4MTelephones

Top Product Potential Colombia Australia+N/AN/A

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

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Colombia () (2023)

Exports from Colombia () to Australia () (2023)

Latest Data

Trade between Australia () and Colombia ()

Australia Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Australia - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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