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2022
Flag → Flag
Exports $128MRnk 49 / 187
2022
Flag → Flag
Exports $402MRnk 64 / 138
2022
Flag → Flag
Top Product $145MMixed Mineral or Chemical Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC $6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186
2022
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GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Colombia-Russia Trade: In 2022, Colombia exported $128M to Russia. The main products that Colombia exported to Russia were N/A. Over the past 5 years the exports of Colombia to Russia have increased at an annualized rate of 7.35%, from $89.7M in 2017 to $128M in 2022.

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

Russia-Colombia Trade: In 2022, Russia exported $402M to Colombia. The main products that Russia exported to Colombia were Mixed Mineral or Chemical Fertilizers ($145M), Nitrogenous Fertilizers ($77.2M), and Hot-Rolled Iron Bars ($26.2M). Over the past 5 years the exports of Russia to Colombia have decreased at an annualized rate of 4.99%,  from $519M in 2017 to $402M in 2022.

In 2020, Russia exported services to Colombia worth $10.9M, with Transportation ($8.9M), Other business services ($1.42M), and Computer and information services ($402k) being the largest in terms of value.

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $128M to Russia. There were not main exports from Colombia to Russia in 2022. During the last 5 years the exports of Colombia to Russia have increased at an annualized rate of 7.35%, from $89.7M in 2017 to $128M in 2022.

In 2017, Russia exported $402M to Colombia. The main products exported from Russia to Colombia were Mixed Mineral or Chemical Fertilizers ($145M), Nitrogenous Fertilizers ($77.2M), and Hot-Rolled Iron Bars ($26.2M). During the last 5 years the exports of Russia to Colombia have decreased at an annualized rate of 4.99%, from $519M in 2022 to $402M in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Russia (Flag)

Colombia Exports

Russia Exports

Market Competitiveness

Color
Colombia
Top DestinationUnited States$15.6B
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Colombia than Russia included Panama ($5.84B), Chile ($1.63B), and Ecuador ($1.89B).

In 2022, countries that imported more from Russia than Colombia included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Colombia - Russia

Flow
Scale

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

During 2022, Colombia had a large net trade with Russia in the exports of Animal Products ($86M), Vegetable Products ($37M), and Foodstuffs ($3.6M).

During 2017, Russia had a large net trade with Colombia in the exports of Chemical Products ($238M), Metals ($112M), and Machines ($27.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Russia+$15.6MCoffee
Top Product Potential Russia Colombia+$16.3MRefined Petroleum

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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Bilateral Service Trade

In 2020, Russia exported services to Colombia worth $10.9M, with Transportation ($8.9M), Other business services ($1.42M), and Computer and information services ($402k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Colombia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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