2023
Flag  
GDP
$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH
-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
 GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC 
$6,947CURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC
$7,829CURRENT US$
Rnk 98 / 196
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195

About

Colombia-Belarus Trade: In 2023, Colombia exported $2.42M to Belarus. The main products that Colombia exported to Belarus were Cut Flowers ($2.35M), Pharmaceutical Animal Products ($66.3k), and Plant foliage ($81). Over the past 5 years the exports of Colombia to Belarus have decreased at an annualized rate of 20%, from $7.38M in 2018 to $2.42M in 2023.

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

Belarus-Colombia Trade: In 2023, Belarus exported $299k to Colombia. The main products that Belarus exported to Colombia were Brochures ($69.4k), Rubber Pipes ($59.3k), and Hand Saws ($59k). Over the past 5 years the exports of Belarus to Colombia have decreased at an annualized rate of 65.1%,  from $57.4M in 2018 to $299k in 2023.

In 2014, Belarus exported services to Colombia worth $2.01M, with Royalties and license fees ($2.01M) and Government services, n.i.e. ($200) being the largest in terms of value.

Comparison: In 2023,  Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Colombia exported $2.42M to Belarus. The main products exported from Colombia to Belarus were Cut Flowers ($2.35M), Pharmaceutical Animal Products ($66.3k), and Plant foliage ($81). During the last 5 years the exports of Colombia to Belarus have decreased at an annualized rate of 20%, from $7.38M in 2018 to $2.42M in 2023.

In 2018, Belarus exported $299k to Colombia. The main products exported from Belarus to Colombia were Brochures ($69.4k), Rubber Pipes ($59.3k), and Hand Saws ($59k). During the last 5 years the exports of Belarus to Colombia have decreased at an annualized rate of 65.1%, from $57.4M in 2023 to $299k in 2018.

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

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

Latest Data

Trade between Colombia (Flag) and Belarus (Flag)

Colombia Exports

Belarus Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$14.8B
Belarus
Top Destination
China$2.6B

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

In 2023, countries that imported more from Colombia than Belarus included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Belarus than Colombia included Kazakhstan ($757M), Uzbekistan ($509M), and Azerbaijan ($325M).

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

Comparative Advantage Colombia - Belarus

Flow
Scale

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

During 2023, Colombia had a large net trade with Belarus in the exports of Vegetable Products ($2.35M) and Animal Products ($66.3k).

During 2018, Belarus had a large net trade with Colombia in the exports of Metals ($89.3k), Paper Goods ($69.4k), and Plastics and Rubbers ($59.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Belarus+$345kCut Flowers
Top Product Potential Belarus Colombia+$564kIron Pipes

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

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

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