Colombia (COL) and China (CHN) Trade | The Observatory of Economic Complexity

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Colombia-China Trade: In 2023, Colombia exported $2.5B to China. The main products that Colombia exported to China were Crude Petroleum ($1.07B), Coal Briquettes ($461M), and Ferroalloys ($308M). Over the past 5 years the exports of Colombia to China have decreased at an annualized rate of 9.5%, from $4.12B in 2018 to $2.5B in 2023.

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

China-Colombia Trade: In 2023, China exported $13.7B to Colombia. The main products that China exported to Colombia were Broadcasting Equipment ($1.62B), Computers ($738M), and Semiconductor Devices ($404M). Over the past 5 years the exports of China to Colombia have increased at an annualized rate of 5.48%, from $10.5B in 2018 to $13.7B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $2.5B to China. The main products exported from Colombia to China were Crude Petroleum ($1.07B), Coal Briquettes ($461M), and Ferroalloys ($308M). During the last 5 years the exports of Colombia to China have decreased at an annualized rate of 9.5%, from $4.12B in 2018 to $2.5B in 2023.

In 2018, China exported $13.7B to Colombia. The main products exported from China to Colombia were Broadcasting Equipment ($1.62B), Computers ($738M), and Semiconductor Devices ($404M). During the last 5 years the exports of China to Colombia have increased at an annualized rate of 5.48%, from $10.5B in 2023 to $13.7B in 2018.

Exports from Colombia () to China () (2023)

Exports from China () to Colombia () (2023)

Latest Data

Trade between Colombia () and China ()

Colombia Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Colombia than China included Panama ($4.66B), Bonaire ($202M), and Guam ($310k).

In 2023, countries that imported more from China than Colombia included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Colombia - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with China in the exports of Mineral Products ($1.72B), Metals ($479M), and Vegetable Products ($141M).

During 2018, China had a large net trade with Colombia in the exports of Machines ($5.82B), Metals ($1.53B), and Chemical Products ($1.28B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia China+$1.16BCrude Petroleum

Top Product Potential China Colombia+$282MTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to China () (2023)

Exports from China () to Colombia () (2023)

Latest Data

Trade between Colombia () and China ()

Colombia Exports

China Exports

Market Competitiveness

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

Comparative Advantage Colombia - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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