Colombia (COL) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Colombia-Japan Trade: In 2023, Colombia exported $716M to Japan. The main products that Colombia exported to Japan were Coal Briquettes ($340M), Coffee ($176M), and Cut Flowers ($53.8M). Over the past 5 years the exports of Colombia to Japan have increased at an annualized rate of 7.56%, from $498M in 2018 to $716M in 2023.

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

Japan-Colombia Trade: In 2023, Japan exported $1.4B to Colombia. The main products that Japan exported to Colombia were Cars ($371M), Hot-Rolled Iron ($159M), and Flat Flat-Rolled Steel ($100M). Over the past 5 years the exports of Japan to Colombia have increased at an annualized rate of 2.16%, from $1.26B in 2018 to $1.4B in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $716M to Japan. The main products exported from Colombia to Japan were Coal Briquettes ($340M), Coffee ($176M), and Cut Flowers ($53.8M). During the last 5 years the exports of Colombia to Japan have increased at an annualized rate of 7.56%, from $498M in 2018 to $716M in 2023.

In 2018, Japan exported $1.4B to Colombia. The main products exported from Japan to Colombia were Cars ($371M), Hot-Rolled Iron ($159M), and Flat Flat-Rolled Steel ($100M). During the last 5 years the exports of Japan to Colombia have increased at an annualized rate of 2.16%, from $1.26B in 2023 to $1.4B in 2018.

Exports from Colombia () to Japan () (2023)

Exports from Japan () to Colombia () (2023)

Latest Data

Trade between Colombia () and Japan ()

Colombia Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Japan
Top DestinationUnited States$143B

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

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

In 2023, countries that imported more from Japan than Colombia included China ($138B), United States ($143B), and Chinese Taipei ($43B).

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

Comparative Advantage Colombia - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Japan in the exports of Mineral Products ($356M), Vegetable Products ($231M), and Metals ($45.7M).

During 2018, Japan had a large net trade with Colombia in the exports of Transportation ($526M), Machines ($312M), and Metals ($302M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Japan+$282MCoal Briquettes

Top Product Potential Japan Colombia+$136MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Japan () (2023)

Exports from Japan () to Colombia () (2023)

Latest Data

Trade between Colombia () and Japan ()

Colombia Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Colombia - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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