Colombia (COL) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Colombia-Mexico Trade: In 2023, Colombia exported $1.86B to Mexico. The main products that Colombia exported to Mexico were Coal Briquettes ($575M), Cars ($108M), and Buses ($81.5M). Over the past 5 years the exports of Colombia to Mexico have increased at an annualized rate of 2.21%, from $1.67B in 2018 to $1.86B in 2023.

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

Mexico-Colombia Trade: In 2023, Mexico exported $3.06B to Colombia. The main products that Mexico exported to Colombia were Cars ($406M), Video Displays ($290M), and Packaged Medicaments ($153M). Over the past 5 years the exports of Mexico to Colombia have decreased at an annualized rate of 5.11%, from $3.98B in 2018 to $3.06B in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $1.86B to Mexico. The main products exported from Colombia to Mexico were Coal Briquettes ($575M), Cars ($108M), and Buses ($81.5M). During the last 5 years the exports of Colombia to Mexico have increased at an annualized rate of 2.21%, from $1.67B in 2018 to $1.86B in 2023.

In 2018, Mexico exported $3.06B to Colombia. The main products exported from Mexico to Colombia were Cars ($406M), Video Displays ($290M), and Packaged Medicaments ($153M). During the last 5 years the exports of Mexico to Colombia have decreased at an annualized rate of 5.11%, from $3.98B in 2023 to $3.06B in 2018.

Exports from Colombia () to Mexico () (2023)

Exports from Mexico () to Colombia () (2023)

Latest Data

Trade between Colombia () and Mexico ()

Colombia Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from Colombia than Mexico included Panama ($4.66B), Ecuador ($2.19B), and Poland ($1.73B).

In 2023, countries that imported more from Mexico than Colombia included United States ($456B), Canada ($33B), and China ($15B).

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

Comparative Advantage Colombia - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Mexico in the exports of Mineral Products ($693M), Chemical Products ($226M), and Transportation ($197M).

During 2018, Mexico had a large net trade with Colombia in the exports of Machines ($835M), Transportation ($606M), and Chemical Products ($546M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Mexico+$104MRefined Petroleum

Top Product Potential Mexico Colombia+$186MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Mexico () (2023)

Exports from Mexico () to Colombia () (2023)

Latest Data

Trade between Colombia () and Mexico ()

Colombia Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Colombia - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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