2022
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GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
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GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
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 GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
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GDP GROWTH
-50.6%CURRENT US$
Rnk 186 / 186
2022
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GDP PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186
2022
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GDP PC
$6,716CURRENT US$
Rnk 97 / 186
2012-2022
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GDP PC GROWTH
-57.4%CURRENT US$
Rnk 185 / 186

About

Colombia-Libya Trade: In 2022, Colombia exported $9.9M to Libya. The main products that Colombia exported to Libya were Frozen Bovine Meat ($9.04M), Coffee ($529k), and Confectionery Sugar ($250k). Over the past 5 years the exports of Colombia to Libya have increased at an annualized rate of 37.1%, from $2.04M in 2017 to $9.9M in 2022.

In 2022, Colombia did not export any services to Libya.

Libya-Colombia Trade: In 2022, Libya exported $337 to Colombia. The main products that Libya exported to Colombia were Silicone ($337). Over the past 5 years the exports of Libya to Colombia have decreased at an annualized rate of 11%,  from $603 in 2017 to $337 in 2022.

In 2022, Libya did not export any services to Colombia.

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $9.9M to Libya. The main products exported from Colombia to Libya were Frozen Bovine Meat ($9.04M), Coffee ($529k), and Confectionery Sugar ($250k). During the last 5 years the exports of Colombia to Libya have increased at an annualized rate of 37.1%, from $2.04M in 2017 to $9.9M in 2022.

In 2017, Libya exported $337 to Colombia. The main products exported from Libya to Colombia were Silicone ($337). During the last 5 years the exports of Libya to Colombia have decreased at an annualized rate of 11%, from $603 in 2022 to $337 in 2017.

Exports from Colombia (Flag) to Libya (Flag) (2022)

Exports from Libya (Flag) to Colombia (Flag) (2022)

Latest Data

Trade between Colombia (Flag) and Libya (Flag)

Colombia Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Libya
Top Destination
Italy$9.26B

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

In 2022, countries that imported more from Colombia than Libya included United States ($15.6B), Panama ($5.84B), and Brazil ($2.39B).

In 2022, countries that imported more from Libya than Colombia included Italy ($9.26B), Greece ($2.25B), and Germany ($3.32B).

Difference in imports from Libya (Flag) and Colombia (Flag) (2022)

Comparative Advantage Colombia - Libya

Flow
Scale

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

During 2022, Colombia had a large net trade with Libya in the exports of Animal Products ($9.04M), Vegetable Products ($529k), and Foodstuffs ($261k).

During 2017, Libya had a large net trade with Colombia in the exports of Plastics and Rubbers ($337).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Libya+$953kCoffee
Top Product Potential Libya Colombia+$6.14kCrude 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 Libya. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Colombia.

Product Space of Colombia (Flag) and Libya (Flag) (2022)

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