Colombia (COL) and Ethiopia (ETH) Trade | The Observatory of Economic Complexity

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Colombia-Ethiopia Trade: In 2023, Colombia exported $1.65M to Ethiopia. The main products that Colombia exported to Ethiopia were Mill Machinery ($653k), Other Heating Machinery ($615k), and Cars ($229k). Over the past 5 years the exports of Colombia to Ethiopia have decreased at an annualized rate of 25.6%, from $7.24M in 2018 to $1.65M in 2023.

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

Ethiopia-Colombia Trade: In 2023, Ethiopia exported $27.2k to Colombia. The main products that Ethiopia exported to Colombia were Other Furniture ($10.2k), Knit Sweaters ($7.05k), and Knit Men's Undergarments ($3.34k). Over the past 5 years the exports of Ethiopia to Colombia have increased at an annualized rate of 10.1%, from $16.9k in 2018 to $27.2k in 2023.

In 2023, Ethiopia 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, Ethiopia ranked 101 in the Economic Complexity Index (ECI -0.84), and 137 in total exports ($3.97B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $1.65M to Ethiopia. The main products exported from Colombia to Ethiopia were Mill Machinery ($653k), Other Heating Machinery ($615k), and Cars ($229k). During the last 5 years the exports of Colombia to Ethiopia have decreased at an annualized rate of 25.6%, from $7.24M in 2018 to $1.65M in 2023.

In 2018, Ethiopia exported $27.2k to Colombia. The main products exported from Ethiopia to Colombia were Other Furniture ($10.2k), Knit Sweaters ($7.05k), and Knit Men's Undergarments ($3.34k). During the last 5 years the exports of Ethiopia to Colombia have increased at an annualized rate of 10.1%, from $16.9k in 2023 to $27.2k in 2018.

Exports from Colombia () to Ethiopia () (2023)

Exports from Ethiopia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Ethiopia ()

Colombia Exports

Date

Ethiopia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Ethiopia
Top DestinationUnited States$487M

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

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

In 2023, countries that imported more from Ethiopia than Colombia included Saudi Arabia ($304M), Djibouti ($155M), and Somalia ($142M).

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

Comparative Advantage Colombia - Ethiopia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Ethiopia in the exports of Machines ($1.33M), Transportation ($230k), and Chemical Products ($36.9k).

During 2018, Ethiopia had a large net trade with Colombia in the exports of Textiles ($13.6k), Miscellaneous ($10.4k), and Metals ($1.61k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Ethiopia+$115kPrepr binder for foundry

Top Product Potential Ethiopia Colombia+$86.1kKnit Sweaters

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Ethiopia () (2023)

Exports from Ethiopia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Ethiopia ()

Colombia Exports

Ethiopia Exports

Market Competitiveness

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

Comparative Advantage Colombia - Ethiopia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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