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2023
Flag → Flag
Exports $49.4MRnk 61 / 183
2023
Flag → Flag
Top Product $19.7MPrecious Stones
2023
Flag → Flag
Exports $323MRnk 56 / 216
2023
Flag → Flag
Top Product $25.8MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
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GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 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$7,182CURRENT US$
Rnk 102 / 196
2013-2023
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GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Colombia-Thailand Trade: In 2023, Colombia exported $49.4M to Thailand. The main products that Colombia exported to Thailand were Precious Stones ($19.7M), Gas Turbines ($4.49M), and Manganese Oxides ($4.04M). Over the past 5 years the exports of Colombia to Thailand have increased at an annualized rate of 9.97%, from $30.7M in 2018 to $49.4M in 2023.

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

Thailand-Colombia Trade: In 2023, Thailand exported $323M to Colombia. The main products that Thailand exported to Colombia were Broadcasting Equipment ($25.8M), Household Washing Machines ($25.7M), and Non-Retail Synthetic Staple Fibers Yarn ($22.6M). Over the past 5 years the exports of Thailand to Colombia have decreased at an annualized rate of 0.13%,  from $325M in 2018 to $323M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Colombia exported $49.4M to Thailand. The main products exported from Colombia to Thailand were Precious Stones ($19.7M), Gas Turbines ($4.49M), and Manganese Oxides ($4.04M). During the last 5 years the exports of Colombia to Thailand have increased at an annualized rate of 9.97%, from $30.7M in 2018 to $49.4M in 2023.

In 2018, Thailand exported $323M to Colombia. The main products exported from Thailand to Colombia were Broadcasting Equipment ($25.8M), Household Washing Machines ($25.7M), and Non-Retail Synthetic Staple Fibers Yarn ($22.6M). During the last 5 years the exports of Thailand to Colombia have decreased at an annualized rate of 0.13%, from $325M in 2023 to $323M in 2018.

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

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

Latest Data

Trade between Colombia (Flag) and Thailand (Flag)

Colombia Exports

Thailand Exports

Market Competitiveness

Color
Colombia
Top DestinationUnited States$14.8B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Colombia than Thailand included Panama ($4.66B), Ecuador ($2.19B), and Peru ($1.2B).

In 2023, countries that imported more from Thailand than Colombia included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Colombia - Thailand

Flow
Scale

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

During 2023, Colombia had a large net trade with Thailand in the exports of Precious Metals ($19.8M), Metals ($9.9M), and Machines ($6.6M).

During 2018, Thailand had a large net trade with Colombia in the exports of Machines ($124M), Plastics and Rubbers ($52.7M), and Transportation ($31.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Thailand+$3.35MFerroalloys
Top Product Potential Thailand Colombia+$30.2MTelephones

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

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

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