2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
 GDP
$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH
-3.33%CURRENT US$
Rnk 168 / 186
2022
Flag
GDP PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC
$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH
-18.4%CURRENT US$
Rnk 170 / 186

About

Colombia-Namibia Trade: In 2022, Colombia exported $11.7k to Namibia. The main products that Colombia exported to Namibia were Beauty Products ($3.7k), Centrifuges ($2.45k), and Motor vehicles; parts and accessories (8701 to 8705) ($1.22k). Over the past 5 years the exports of Colombia to Namibia have decreased at an annualized rate of 39.1%, from $140k in 2017 to $11.7k in 2022.

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

Namibia-Colombia Trade: In 2022, Namibia exported $331k to Colombia. The main products that Namibia exported to Colombia were Video Recording Equipment ($96.8k), Unsaturated Acyclic Monocarboxylic Acids ($66.7k), and Other Edible Preparations ($58.6k). Over the past 5 years the exports of Namibia to Colombia have increased at an annualized rate of 139%,  from $4.24k in 2017 to $331k in 2022.

In 2022, Namibia 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, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $11.7k to Namibia. The main products exported from Colombia to Namibia were Beauty Products ($3.7k), Centrifuges ($2.45k), and Motor vehicles; parts and accessories (8701 to 8705) ($1.22k). During the last 5 years the exports of Colombia to Namibia have decreased at an annualized rate of 39.1%, from $140k in 2017 to $11.7k in 2022.

In 2017, Namibia exported $331k to Colombia. The main products exported from Namibia to Colombia were Video Recording Equipment ($96.8k), Unsaturated Acyclic Monocarboxylic Acids ($66.7k), and Other Edible Preparations ($58.6k). During the last 5 years the exports of Namibia to Colombia have increased at an annualized rate of 139%, from $4.24k in 2022 to $331k in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Namibia (Flag)

Colombia Exports

Namibia Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Namibia
Top Destination
South Africa$1.75B

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

In 2022, countries that imported more from Colombia than Namibia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from Namibia than Colombia included South Africa ($1.75B), Botswana ($672M), and Zambia ($279M).

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

Comparative Advantage Colombia - Namibia

Flow
Scale

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

During 2022, Colombia had a large net trade with Namibia in the exports of Chemical Products ($3.7k), Machines ($3.27k), and Textiles ($1.55k).

During 2017, Namibia had a large net trade with Colombia in the exports of Machines ($147k), Chemical Products ($71.9k), and Foodstuffs ($58.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Namibia+$16.6kBeauty Products
Top Product Potential Namibia Colombia+$67.3kRubber Tires

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

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

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