Colombia (COL) and Gambia (GMB) Trade | The Observatory of Economic Complexity

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Colombia-Gambia Trade: In 2023, Colombia exported $62.2k to Gambia. The main products that Colombia exported to Gambia were Tea ($34.6k), Rubber Tires ($17.1k), and Garments of Impregnated Fabric ($10.3k). Over the past 8 years the exports of Colombia to Gambia have decreased at an annualized rate of 20.4%, from $384k in 2015 to $62.2k in 2023.

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

Gambia-Colombia Trade: In 2023, Gambia exported $3.71k to Colombia. The main products that Gambia exported to Colombia were Low-voltage Protection Equipment ($3.71k). Over the past 8 years the exports of Gambia to Colombia have increased at an annualized rate of 14.1%, from $1.92k in 2015 to $3.71k in 2023.

In 2023, Gambia 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, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $62.2k to Gambia. The main products exported from Colombia to Gambia were Tea ($34.6k), Rubber Tires ($17.1k), and Garments of Impregnated Fabric ($10.3k). During the last 8 years the exports of Colombia to Gambia have decreased at an annualized rate of 20.4%, from $384k in 2015 to $62.2k in 2023.

In 2018, Gambia exported $3.71k to Colombia. The main products exported from Gambia to Colombia were Low-voltage Protection Equipment ($3.71k). During the last 5 years the exports of Gambia to Colombia have increased at an annualized rate of 14.1%, from $1.92k in 2023 to $3.71k in 2018.

Exports from Colombia () to Gambia () (2023)

Exports from Gambia () to Colombia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Gambia
Top DestinationKazakhstan$2.91B

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

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

In 2023, countries that imported more from Gambia than Colombia included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Mali ($8.85M).

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

Comparative Advantage Colombia - Gambia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Gambia in the exports of Vegetable Products ($34.6k), Plastics and Rubbers ($17.1k), and Textiles ($10.3k).

During 2018, Gambia had a large net trade with Colombia in the exports of Machines ($3.71k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Gambia+$1.88kPalm Oil

Top Product Potential Gambia Colombia+$17.3kTrunks and Cases

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Gambia () (2023)

Exports from Gambia () to Colombia () (2023)

Market Competitiveness

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

Comparative Advantage Colombia - Gambia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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