Colombia (COL) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Colombia-Vietnam Trade: In 2023, Colombia exported $23.3M to Vietnam. The main products that Colombia exported to Vietnam were Coffee ($9.66M), Edible Offal ($3.06M), and Pesticides ($2.65M). Over the past 5 years the exports of Colombia to Vietnam have decreased at an annualized rate of 12.1%, from $44.4M in 2018 to $23.3M in 2023.

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

Vietnam-Colombia Trade: In 2023, Vietnam exported $824M to Colombia. The main products that Vietnam exported to Colombia were Broadcasting Equipment ($298M), Textile Footwear ($50.5M), and Non-Retail Synthetic Staple Fibers Yarn ($47.1M). Over the past 5 years the exports of Vietnam to Colombia have increased at an annualized rate of 5.52%, from $508M in 2018 to $824M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $23.3M to Vietnam. The main products exported from Colombia to Vietnam were Coffee ($9.66M), Edible Offal ($3.06M), and Pesticides ($2.65M). During the last 5 years the exports of Colombia to Vietnam have decreased at an annualized rate of 12.1%, from $44.4M in 2018 to $23.3M in 2023.

In 2018, Vietnam exported $824M to Colombia. The main products exported from Vietnam to Colombia were Broadcasting Equipment ($298M), Textile Footwear ($50.5M), and Non-Retail Synthetic Staple Fibers Yarn ($47.1M). During the last 5 years the exports of Vietnam to Colombia have increased at an annualized rate of 5.52%, from $508M in 2023 to $824M in 2018.

Exports from Colombia () to Vietnam () (2023)

Exports from Vietnam () to Colombia () (2023)

Latest Data

Trade between Colombia () and Vietnam ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Colombia than Vietnam included Panama ($4.66B), Ecuador ($2.19B), and South Korea ($825M).

In 2023, countries that imported more from Vietnam than Colombia included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Colombia - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Vietnam in the exports of Vegetable Products ($9.77M), Animal Products ($6.56M), and Chemical Products ($3.06M).

During 2018, Vietnam had a large net trade with Colombia in the exports of Machines ($467M), Footwear and Headwear ($107M), and Textiles ($104M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Vietnam+$4.85MCoffee

Top Product Potential Vietnam Colombia+$110MTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Vietnam () (2023)

Exports from Vietnam () to Colombia () (2023)

Latest Data

Trade between Colombia () and Vietnam ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Colombia - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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