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

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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.

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.

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $111M in 2023.

In 2018, 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 2023 to $57.5M in 2018.

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

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

Latest Data

Trade between Colombia () and Australia ()

Colombia Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Australia
Top DestinationChina$137B

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

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

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

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

Comparative Advantage Colombia - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, 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).

During 2018, Australia had a large net trade with Colombia in the exports of Machines ($20.3M), Instruments ($12.3M), and Chemical Products ($10.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Australia+$18.8MCoffee

Top Product Potential Australia Colombia+$3.4MTelephones

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Colombia () and Australia ()

Colombia Exports

Australia Exports

Market Competitiveness

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

Comparative Advantage Colombia - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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