Colombia (COL) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Colombia-New Zealand Trade: In 2023, Colombia exported $18.1M to New Zealand. The main products that Colombia exported to New Zealand were Coffee ($9.57M), Pharmaceutical Animal Products ($2.24M), and Packaged Medicaments ($1.54M). Over the past 5 years the exports of Colombia to New Zealand have increased at an annualized rate of 0.83%, from $17.4M in 2018 to $18.1M in 2023.

In 2023, Colombia did not export any services to New Zealand.

New Zealand-Colombia Trade: In 2023, New Zealand exported $23M to Colombia. The main products that New Zealand exported to Colombia were Gas Turbines ($6.54M), Therapeutic Appliances ($3.17M), and Casein ($1.24M). Over the past 5 years the exports of New Zealand to Colombia have increased at an annualized rate of 11.3%, from $13.4M in 2018 to $23M in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $18.1M to New Zealand. The main products exported from Colombia to New Zealand were Coffee ($9.57M), Pharmaceutical Animal Products ($2.24M), and Packaged Medicaments ($1.54M). During the last 5 years the exports of Colombia to New Zealand have increased at an annualized rate of 0.83%, from $17.4M in 2018 to $18.1M in 2023.

In 2018, New Zealand exported $23M to Colombia. The main products exported from New Zealand to Colombia were Gas Turbines ($6.54M), Therapeutic Appliances ($3.17M), and Casein ($1.24M). During the last 5 years the exports of New Zealand to Colombia have increased at an annualized rate of 11.3%, from $13.4M in 2023 to $23M in 2018.

Exports from Colombia () to New Zealand () (2023)

Exports from New Zealand () to Colombia () (2023)

Latest Data

Trade between Colombia () and New Zealand ()

Colombia Exports

Date

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Colombia than New Zealand included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

In 2023, countries that imported more from New Zealand than Colombia included China ($12.3B), Australia ($5.2B), and Japan ($2.62B).

Difference in imports from New Zealand () and Colombia () (2023)

Comparative Advantage Colombia - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with New Zealand in the exports of Vegetable Products ($10.4M), Animal Products ($2.24M), and Chemical Products ($1.83M).

During 2018, New Zealand had a large net trade with Colombia in the exports of Machines ($10.6M), Instruments ($4.24M), and Chemical Products ($2.17M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia New Zealand+$2.26MCoffee

Top Product Potential New Zealand Colombia+$615kVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to New Zealand () (2023)

Exports from New Zealand () to Colombia () (2023)

Latest Data

Trade between Colombia () and New Zealand ()

Colombia Exports

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Colombia () (2023)

Comparative Advantage Colombia - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and New Zealand () (2023)

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