2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186

About

Colombia-North Korea Trade: In 2022, Colombia exported $1.63M to North Korea. The main products that Colombia exported to North Korea were Ferroalloys ($1.59M) and Cut Flowers ($44.8k). Over the past 5 years the exports of Colombia to North Korea have increased at an annualized rate of 46.5%, from $242k in 2017 to $1.63M in 2022.

In 2022, Colombia did not export any services to North Korea.

North Korea-Colombia Trade: In 2022, North Korea exported $387k to Colombia. The main products that North Korea exported to Colombia were X-Ray Equipment ($101k), Other Agricultural Machinery ($67.7k), and Office Machine Parts ($26.7k). Over the past 5 years the exports of North Korea to Colombia have decreased at an annualized rate of 18.7%,  from $1.09M in 2017 to $387k in 2022.

In 2022, North Korea 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, North Korea ranked 182 in total exports ($248M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $1.63M to North Korea. The main products exported from Colombia to North Korea were Ferroalloys ($1.59M) and Cut Flowers ($44.8k). During the last 5 years the exports of Colombia to North Korea have increased at an annualized rate of 46.5%, from $242k in 2017 to $1.63M in 2022.

In 2017, North Korea exported $387k to Colombia. The main products exported from North Korea to Colombia were X-Ray Equipment ($101k), Other Agricultural Machinery ($67.7k), and Office Machine Parts ($26.7k). During the last 5 years the exports of North Korea to Colombia have decreased at an annualized rate of 18.7%, from $1.09M in 2022 to $387k in 2017.

Exports from Colombia (Flag) to North Korea (Flag) (2022)

Exports from North Korea (Flag) to Colombia (Flag) (2022)

Latest Data

Trade between Colombia (Flag) and North Korea (Flag)

Colombia Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
North Korea
Top Destination
China$131M

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

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

In 2022, countries that imported more from North Korea than Colombia included Senegal ($26.9M), Mozambique ($5.73M), and Niger ($3.45M).

Difference in imports from North Korea (Flag) and Colombia (Flag) (2022)

Comparative Advantage Colombia - North Korea

Flow
Scale

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

During 2022, Colombia had a large net trade with North Korea in the exports of Metals ($1.59M) and Vegetable Products ($44.8k).

During 2017, North Korea had a large net trade with Colombia in the exports of Machines ($148k), Instruments ($130k), and Chemical Products ($40.5k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Colombia and North Korea. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over North Korea. Similarly, a dot/product with the flag of North Korea indicates it has a comparative advantage over Colombia.

Product Space of Colombia (Flag) and North Korea (Flag) (2022)

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