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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $791M in 2023.

In 2018, 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 2023 to $984M in 2018.

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

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

Latest Data

Trade between Colombia (Flag) and Canada (Flag)

Colombia Exports

Canada Exports

Market Competitiveness

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

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

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

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

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 2023, Colombia had a large net trade with Canada in the exports of Vegetable Products ($332M), Mineral Products ($299M), and Foodstuffs ($30.7M).

During 2018, Canada had a large net trade with Colombia in the exports of Vegetable Products ($416M), Chemical Products ($240M), 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) (2023)

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