Colombia (COL) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Colombia-Brazil Trade: In 2023, Colombia exported $2.12B to Brazil. The main products that Colombia exported to Brazil were Coke ($540M), Coal Briquettes ($395M), and Vinyl Chloride Polymers ($181M). Over the past 5 years the exports of Colombia to Brazil have increased at an annualized rate of 4.88%, from $1.67B in 2018 to $2.12B in 2023.

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

Brazil-Colombia Trade: In 2023, Brazil exported $3.98B to Colombia. The main products that Brazil exported to Colombia were Corn ($512M), Cars ($464M), and Coffee ($202M). Over the past 5 years the exports of Brazil to Colombia have increased at an annualized rate of 6.24%, from $2.94B in 2018 to $3.98B in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $2.12B to Brazil. The main products exported from Colombia to Brazil were Coke ($540M), Coal Briquettes ($395M), and Vinyl Chloride Polymers ($181M). During the last 5 years the exports of Colombia to Brazil have increased at an annualized rate of 4.88%, from $1.67B in 2018 to $2.12B in 2023.

In 2018, Brazil exported $3.98B to Colombia. The main products exported from Brazil to Colombia were Corn ($512M), Cars ($464M), and Coffee ($202M). During the last 5 years the exports of Brazil to Colombia have increased at an annualized rate of 6.24%, from $2.94B in 2023 to $3.98B in 2018.

Exports from Colombia () to Brazil () (2023)

Exports from Brazil () to Colombia () (2023)

Latest Data

Trade between Colombia () and Brazil ()

Colombia Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Colombia than Brazil included Panama ($4.66B), Ecuador ($2.19B), and Bonaire ($202M).

In 2023, countries that imported more from Brazil than Colombia included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Colombia - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Brazil in the exports of Mineral Products ($1.02B), Plastics and Rubbers ($483M), and Chemical Products ($304M).

During 2018, Brazil had a large net trade with Colombia in the exports of Vegetable Products ($811M), Transportation ($760M), and Machines ($529M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Brazil+$247MCoal Briquettes

Top Product Potential Brazil Colombia+$120MRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Brazil () (2023)

Exports from Brazil () to Colombia () (2023)

Latest Data

Trade between Colombia () and Brazil ()

Colombia Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Colombia - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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