Colombia (COL) and India (IND) Trade | The Observatory of Economic Complexity

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Colombia-India Trade: In 2023, Colombia exported $2.51B to India. The main products that Colombia exported to India were Crude Petroleum ($1.65B), Gold ($519M), and Coke ($118M). Over the past 5 years the exports of Colombia to India have increased at an annualized rate of 31.3%, from $643M in 2018 to $2.51B in 2023.

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

India-Colombia Trade: In 2023, India exported $1.27B to Colombia. The main products that India exported to Colombia were Packaged Medicaments ($90.4M), Cars ($79.9M), and Non-Retail Pure Cotton Yarn ($68.8M). Over the past 5 years the exports of India to Colombia have increased at an annualized rate of 4.58%, from $1.01B in 2018 to $1.27B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $2.51B to India. The main products exported from Colombia to India were Crude Petroleum ($1.65B), Gold ($519M), and Coke ($118M). During the last 5 years the exports of Colombia to India have increased at an annualized rate of 31.3%, from $643M in 2018 to $2.51B in 2023.

In 2018, India exported $1.27B to Colombia. The main products exported from India to Colombia were Packaged Medicaments ($90.4M), Cars ($79.9M), and Non-Retail Pure Cotton Yarn ($68.8M). During the last 5 years the exports of India to Colombia have increased at an annualized rate of 4.58%, from $1.01B in 2023 to $1.27B in 2018.

Exports from Colombia () to India () (2023)

Exports from India () to Colombia () (2023)

Latest Data

Trade between Colombia () and India ()

Colombia Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Colombia than India included Panama ($4.66B), Ecuador ($2.19B), and Venezuela ($673M).

In 2023, countries that imported more from India than Colombia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Colombia - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with India in the exports of Mineral Products ($1.89B), Precious Metals ($521M), and Metals ($60.9M).

During 2018, India had a large net trade with Colombia in the exports of Chemical Products ($405M), Metals ($181M), and Textiles ($174M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia India+$897MCrude Petroleum

Top Product Potential India Colombia+$68.8MPackaged 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 India. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Colombia.

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to India () (2023)

Exports from India () to Colombia () (2023)

Latest Data

Trade between Colombia () and India ()

Colombia Exports

India Exports

Market Competitiveness

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

Comparative Advantage Colombia - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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