Colombia (COL) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Colombia-Finland Trade: In 2023, Colombia exported $98.9M to Finland. The main products that Colombia exported to Finland were Coffee ($34.5M), Ferroalloys ($28M), and Coke ($16.3M). Over the past 5 years the exports of Colombia to Finland have increased at an annualized rate of 7.56%, from $68.7M in 2018 to $98.9M in 2023.

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

Finland-Colombia Trade: In 2023, Finland exported $164M to Colombia. The main products that Finland exported to Colombia were Mixed Mineral or Chemical Fertilizers ($31.7M), Kaolin Coated Paper ($19.9M), and Vegetable Parchment ($13.6M). Over the past 5 years the exports of Finland to Colombia have increased at an annualized rate of 4.51%, from $132M in 2018 to $164M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $98.9M to Finland. The main products exported from Colombia to Finland were Coffee ($34.5M), Ferroalloys ($28M), and Coke ($16.3M). During the last 5 years the exports of Colombia to Finland have increased at an annualized rate of 7.56%, from $68.7M in 2018 to $98.9M in 2023.

In 2018, Finland exported $164M to Colombia. The main products exported from Finland to Colombia were Mixed Mineral or Chemical Fertilizers ($31.7M), Kaolin Coated Paper ($19.9M), and Vegetable Parchment ($13.6M). During the last 5 years the exports of Finland to Colombia have increased at an annualized rate of 4.51%, from $132M in 2023 to $164M in 2018.

Exports from Colombia () to Finland () (2023)

Exports from Finland () to Colombia () (2023)

Latest Data

Trade between Colombia () and Finland ()

Colombia Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Colombia than Finland included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

In 2023, countries that imported more from Finland than Colombia included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

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

Comparative Advantage Colombia - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Finland in the exports of Vegetable Products ($36.9M), Mineral Products ($30.8M), and Metals ($28.1M).

During 2018, Finland had a large net trade with Colombia in the exports of Chemical Products ($49.2M), Paper Goods ($48.1M), and Machines ($28M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Finland+$9.64MCoal Briquettes

Top Product Potential Finland Colombia+$5.31MPackaged 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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Finland () (2023)

Exports from Finland () to Colombia () (2023)

Latest Data

Trade between Colombia () and Finland ()

Colombia Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Colombia - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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