2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Colombia-Canada Trade: In 2022, Colombia exported $1.18B to Canada. The main products that Colombia exported to Canada were Coffee ($310M), Crude Petroleum ($262M), and Coal Briquettes ($247M). Over the past 5 years the exports of Colombia to Canada have increased at an annualized rate of 15.3%, from $580M in 2017 to $1.18B in 2022.

In 2022, Colombia did not export any services to Canada.

Canada-Colombia Trade: In 2022, Canada exported $1.08B to Colombia. The main products that Canada exported to Colombia were Wheat ($466M), Potassic Fertilizers ($115M), and Dried Legumes ($86.6M). Over the past 5 years the exports of Canada to Colombia have increased at an annualized rate of 10.6%,  from $650M in 2017 to $1.08B in 2022.

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.

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $1.18B to Canada. The main products exported from Colombia to Canada were Coffee ($310M), Crude Petroleum ($262M), and Coal Briquettes ($247M). During the last 5 years the exports of Colombia to Canada have increased at an annualized rate of 15.3%, from $580M in 2017 to $1.18B in 2022.

In 2017, Canada exported $1.08B to Colombia. The main products exported from Canada to Colombia were Wheat ($466M), Potassic Fertilizers ($115M), and Dried Legumes ($86.6M). During the last 5 years the exports of Canada to Colombia have increased at an annualized rate of 10.6%, from $650M in 2022 to $1.08B in 2017.

Exports from Colombia (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to Colombia (Flag) (2022)

Latest Data

Trade between Colombia (Flag) and Canada (Flag)

Colombia Exports

Canada Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Canada
Top Destination
United States$438B

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

In 2022, countries that imported more from Colombia than Canada included Panama ($5.84B), Ecuador ($1.89B), and Turkey ($2.27B).

In 2022, countries that imported more from Canada than Colombia included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada (Flag) and Colombia (Flag) (2022)

Comparative Advantage Colombia - Canada

Flow
Scale

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

During 2022, Colombia had a large net trade with Canada in the exports of Mineral Products ($530M), Vegetable Products ($397M), and Precious Metals ($113M).

During 2017, Canada had a large net trade with Colombia in the exports of Vegetable Products ($572M), Chemical Products ($181M), and Machines ($106M).

Potential Exports

Potential Exports

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

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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Colombia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Colombia (Flag) and Canada (Flag) (2022)

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