Colombia (COL) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Colombia-Portugal Trade: In 2023, Colombia exported $44.5M to Portugal. The main products that Colombia exported to Portugal were Bananas ($26.1M), Coffee ($5.96M), and Propylene Polymers ($4.31M). Over the past 5 years the exports of Colombia to Portugal have decreased at an annualized rate of 34.3%, from $365M in 2018 to $44.5M in 2023.

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

Portugal-Colombia Trade: In 2023, Portugal exported $93.3M to Colombia. The main products that Portugal exported to Colombia were Insulated Wire ($8.67M), Refrigerators ($8.62M), and Other Heating Machinery ($5.52M). Over the past 5 years the exports of Portugal to Colombia have increased at an annualized rate of 2.8%, from $81.3M in 2018 to $93.3M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $44.5M to Portugal. The main products exported from Colombia to Portugal were Bananas ($26.1M), Coffee ($5.96M), and Propylene Polymers ($4.31M). During the last 5 years the exports of Colombia to Portugal have decreased at an annualized rate of 34.3%, from $365M in 2018 to $44.5M in 2023.

In 2018, Portugal exported $93.3M to Colombia. The main products exported from Portugal to Colombia were Insulated Wire ($8.67M), Refrigerators ($8.62M), and Other Heating Machinery ($5.52M). During the last 5 years the exports of Portugal to Colombia have increased at an annualized rate of 2.8%, from $81.3M in 2023 to $93.3M in 2018.

Exports from Colombia () to Portugal () (2023)

Exports from Portugal () to Colombia () (2023)

Latest Data

Trade between Colombia () and Portugal ()

Colombia Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Colombia than Portugal included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Portugal than Colombia included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Colombia - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Portugal in the exports of Vegetable Products ($32.9M), Plastics and Rubbers ($6.9M), and Foodstuffs ($1.39M).

During 2018, Portugal had a large net trade with Colombia in the exports of Machines ($37M), Textiles ($13.4M), and Metals ($10.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Portugal+$6.15MCoffee

Top Product Potential Portugal Colombia+$4.42MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Portugal () (2023)

Exports from Portugal () to Colombia () (2023)

Latest Data

Trade between Colombia () and Portugal ()

Colombia Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Colombia - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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