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2023
Flag → Flag
Exports $570MRnk 21 / 183
2023
Flag → Flag
Top Product $164MBananas
2023
Flag → Flag
Exports $775MRnk 55 / 223
2023
Flag → Flag
Top Product $222MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Colombia-United Kingdom Trade: In 2023, Colombia exported $570M to United Kingdom. The main products that Colombia exported to United Kingdom were Bananas ($164M), Coal Briquettes ($76.8M), and Cut Flowers ($70.1M). Over the past 5 years the exports of Colombia to United Kingdom have increased at an annualized rate of 1.32%, from $534M in 2018 to $570M in 2023.

In 2023, Colombia did not export any services to United Kingdom.

United Kingdom-Colombia Trade: In 2023, United Kingdom exported $775M to Colombia. The main products that United Kingdom exported to Colombia were Refined Petroleum ($222M), Hard Liquor ($81.7M), and Packaged Medicaments ($59.4M). Over the past 5 years the exports of United Kingdom to Colombia have increased at an annualized rate of 3.97%,  from $567M in 2018 to $775M in 2023.

In 2009, United Kingdom exported services to Colombia worth $264M, with Services not allocated ($218M), Travel ($34M), and Transportation ($8.08M) 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Colombia exported $570M to United Kingdom. The main products exported from Colombia to United Kingdom were Bananas ($164M), Coal Briquettes ($76.8M), and Cut Flowers ($70.1M). During the last 5 years the exports of Colombia to United Kingdom have increased at an annualized rate of 1.32%, from $534M in 2018 to $570M in 2023.

In 2018, United Kingdom exported $775M to Colombia. The main products exported from United Kingdom to Colombia were Refined Petroleum ($222M), Hard Liquor ($81.7M), and Packaged Medicaments ($59.4M). During the last 5 years the exports of United Kingdom to Colombia have increased at an annualized rate of 3.97%, from $567M in 2023 to $775M in 2018.

Exports from Colombia (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Colombia (Flag) (2023)

Latest Data

Trade between Colombia (Flag) and United Kingdom (Flag)

Colombia Exports

United Kingdom Exports

Market Competitiveness

Color
Colombia
Top DestinationUnited States$14.8B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Colombia than United Kingdom included Panama ($4.66B), Ecuador ($2.19B), and Peru ($1.2B).

In 2023, countries that imported more from United Kingdom than Colombia included United States ($59.7B), Germany ($34.6B), and China ($35.3B).

Difference in imports from United Kingdom (Flag) and Colombia (Flag) (2023)

Comparative Advantage Colombia - United Kingdom

Flow
Scale

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

During 2023, Colombia had a large net trade with United Kingdom in the exports of Vegetable Products ($324M), Mineral Products ($142M), and Foodstuffs ($23.6M).

During 2018, United Kingdom had a large net trade with Colombia in the exports of Mineral Products ($257M), Chemical Products ($151M), and Machines ($124M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia United Kingdom+$56.9MCoal Briquettes
Top Product Potential United Kingdom Colombia+$64.1MRefined Petroleum

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

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

Product Space of Colombia (Flag) and United Kingdom (Flag) (2023)

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