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2023
Flag → Flag
Exports $210MRnk 37 / 183
2023
Flag → Flag
Top Product $139MPrecious Metal Ore
2023
Flag → Flag
Exports $166MRnk 71 / 217
2023
Flag → Flag
Top Product $28.4MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC $6,947CURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Colombia-Singapore Trade: In 2023, Colombia exported $210M to Singapore. The main products that Colombia exported to Singapore were Precious Metal Ore ($139M), Refined Petroleum ($35.8M), and Precious Stones ($13.7M). Over the past 5 years the exports of Colombia to Singapore have decreased at an annualized rate of 14%, from $444M in 2018 to $210M in 2023.

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

Singapore-Colombia Trade: In 2023, Singapore exported $166M to Colombia. The main products that Singapore exported to Colombia were Packaged Medicaments ($28.4M), Vaccines, blood, antisera, toxins and cultures ($17.4M), and Integrated Circuits ($15.4M). Over the past 5 years the exports of Singapore to Colombia have decreased at an annualized rate of 1.33%,  from $177M in 2018 to $166M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Colombia exported $210M to Singapore. The main products exported from Colombia to Singapore were Precious Metal Ore ($139M), Refined Petroleum ($35.8M), and Precious Stones ($13.7M). During the last 5 years the exports of Colombia to Singapore have decreased at an annualized rate of 14%, from $444M in 2018 to $210M in 2023.

In 2018, Singapore exported $166M to Colombia. The main products exported from Singapore to Colombia were Packaged Medicaments ($28.4M), Vaccines, blood, antisera, toxins and cultures ($17.4M), and Integrated Circuits ($15.4M). During the last 5 years the exports of Singapore to Colombia have decreased at an annualized rate of 1.33%, from $177M in 2023 to $166M in 2018.

Exports from Colombia (Flag) to Singapore (Flag) (2023)

Exports from Singapore (Flag) to Colombia (Flag) (2023)

Latest Data

Trade between Colombia (Flag) and Singapore (Flag)

Colombia Exports

Singapore Exports

Market Competitiveness

Color
Colombia
Top DestinationUnited States$14.8B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Colombia than Singapore included Panama ($4.66B), Ecuador ($2.19B), and Poland ($1.73B).

In 2023, countries that imported more from Singapore than Colombia included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

Difference in imports from Singapore (Flag) and Colombia (Flag) (2023)

Comparative Advantage Colombia - Singapore

Flow
Scale

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

During 2023, Colombia had a large net trade with Singapore in the exports of Mineral Products ($176M), Precious Metals ($18.3M), and Metals ($4.24M).

During 2018, Singapore had a large net trade with Colombia in the exports of Chemical Products ($55.5M), Machines ($48.5M), and Instruments ($25.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Singapore+$73.7MRefined Petroleum
Top Product Potential Singapore Colombia+$16.7MPackaged 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

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

Product Space of Colombia (Flag) and Singapore (Flag) (2023)

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