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2023
Flag → Flag
Exports $984MRnk 27 / 215
2023
Flag → Flag
Top Product $319MWheat
2023
Flag → Flag
Exports $791MRnk 17 / 183
2023
Flag → Flag
Top Product $215MCoffee
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
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Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
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GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
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 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
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GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
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GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Canada-Colombia Trade: In 2023, Canada exported $984M to Colombia. The main products that Canada exported to Colombia were Wheat ($319M), Potassic Fertilizers ($162M), and Dried Legumes ($86.5M). Over the past 5 years the exports of Canada to Colombia have increased at an annualized rate of 4.77%, from $780M in 2018 to $984M in 2023.

In 2020, Canada exported services to Colombia worth $110M, with Travel ($88M), Computer and information services ($17.1M), and Communications services ($2.24M) being the largest in terms of value.

Colombia-Canada Trade: In 2023, Colombia exported $791M to Canada. The main products that Colombia exported to Canada were Coffee ($215M), Crude Petroleum ($149M), and Coal Briquettes ($132M). Over the past 5 years the exports of Colombia to Canada have decreased at an annualized rate of 3.55%,  from $948M in 2018 to $791M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$120M and imported C$150M from Colombia, resulting in a negative trade balance of C$30.3M. Between November 2023 and November 2024 the exports of Canada have increased by C$1.25M (1.05%) from C$118M to C$120M, while imports increased by C$57.1M (61.4%) from C$93M to C$150M.

Trade In November 2024, the top exports of Canada to Colombia were Wheat (C$38.7M), Potassic Fertilizers (C$14.4M), Newsprint (C$5.74M), Packaged Medicaments (C$5.47M), and Pig Meat (C$5.37M). In November 2024 the top imports of Canada from Colombia were Crude Petroleum (C$66.9M), Coffee (C$35.9M), Coal Briquettes (C$33.2M), Cut Flowers (C$12.4M), and Bananas (C$5.71M).

Origins In November 2024 the exports of Canada were mainly from Saskatchewan (C$39.2M), Alberta (C$24.5M), Ontario (C$21.3M), Quebec (C$20.5M), and Manitoba (C$12.7M), while imports destinations were mainly Ontario (C$79.7M), Quebec (C$22.2M), Nova Scotia (C$17.2M), New Brunswick (C$10.6M), and British Columbia (C$9.57M).

Growth In November 2024, the increase in Canada's year-by-year exports to Colombia was explained primarily by an increase in product exports in Pig Meat (C$4.46M or 492%), Newsprint (C$4.15M or 261%), and Packaged Medicaments (C$3.44M or 169%). In November 2024, the increase in Canada's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Coal Briquettes (C$21.3M or 179%), Coffee (C$9.93M or 38.2%), and Bananas (C$2.13M or 59.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$1.25M(1.05%)
IMPORT GROWTH (November 2023 - November 2024)C$57.1M(61.4%)
MAIN EXPORTER (November 2024)SaskatchewanC$39.2M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Colombia and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $984M to Colombia. The main products exported from Canada to Colombia were Wheat ($319M), Potassic Fertilizers ($162M), and Dried Legumes ($86.5M). During the last 5 years the exports of Canada to Colombia have increased at an annualized rate of 4.77%, from $780M in 2018 to $984M in 2023.

In 2018, Colombia exported $791M to Canada. The main products exported from Colombia to Canada were Coffee ($215M), Crude Petroleum ($149M), and Coal Briquettes ($132M). During the last 5 years the exports of Colombia to Canada have decreased at an annualized rate of 3.55%, from $948M in 2023 to $791M in 2018.

Exports from Canada (Flag) to Colombia (Flag) (2023)

Exports from Colombia (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Canada than Colombia included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Colombia than Canada included Panama ($4.66B), Ecuador ($2.19B), and Poland ($1.73B).

Difference in imports from Colombia (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Colombia

Flow
Scale

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

During 2023, Canada had a large net trade with Colombia in the exports of Vegetable Products ($416M), Chemical Products ($240M), and Machines ($106M).

During 2018, Colombia had a large net trade with Canada in the exports of Vegetable Products ($332M), Mineral Products ($299M), and Foodstuffs ($30.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Colombia+$27.7MPackaged Medicaments
Top Product Potential Colombia Canada+$182MCrude Petroleum

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

This visualization shows the product space at the HS4 level with the flags of Canada and Colombia. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Colombia (Flag) (2023)

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