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2023
Flag → Flag
Exports $1.26BRnk 42 / 220
2023
Flag → Flag
Top Product $133MRefined Petroleum
2023
Flag → Flag
Exports $769MRnk 10 / 183
2023
Flag → Flag
Top Product $487MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
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GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
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GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Spain-Colombia Trade: In 2023, Spain exported $1.26B to Colombia. The main products that Spain exported to Colombia were Refined Petroleum ($133M), Packaged Medicaments ($103M), and Pure Olive Oil ($43.3M). Over the past 5 years the exports of Spain to Colombia have increased at an annualized rate of 4.28%, from $1.02B in 2018 to $1.26B in 2023.

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

Colombia-Spain Trade: In 2023, Colombia exported $1.2B to Spain. The main products that Colombia exported to Spain were Crude Petroleum ($487M), Coal Briquettes ($195M), and Refined Petroleum ($121M). Over the past 5 years the exports of Colombia to Spain have decreased at an annualized rate of 0.28%,  from $1.22B in 2018 to $1.2B in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €94.9M and imported €49.3M from Colombia, resulting in a positive trade balance of €45.5M. Between November 2023 and November 2024 the exports of Spain have increased by €10.6M (12.6%) from €84.2M to €94.9M, while imports increased by €14.1M (39.9%) from €35.2M to €49.3M.

Trade In November 2024, the top exports of Spain to Colombia were Refined Petroleum (€27.5M), Packaged Medicaments (€3.4M), Beauty Products (€3.15M), Cars (€2.96M), and Vaccines, blood, antisera, toxins and cultures (€2.38M). In November 2024 the top imports of Spain from Colombia were Crude Petroleum (€121M), Coal Briquettes (€57.1M), Coffee (€9.98M), Bananas (€5.38M), and Ferroalloys (€4.65M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€27M), Madrid (€17.9M), Valencia (€6.54M), Girona (€3.85M), and Vizcaya (€3.23M), while imports destinations were mainly Barcelona (€11.9M), Madrid (€8.33M), Asturias (€5.88M), Valencia (€4.25M), and Málaga (€3.34M).

Growth In November 2024, the increase in Spain's year-by-year exports to Colombia was explained primarily by an increase in product exports in Beauty Products (€1.82M or 136%), Spark-Ignition Engines (€1.21M or 518%), and Machinery Having Individual Functions (€1.16M or 790%). In November 2024, the increase in Spain's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Crude Petroleum (€63.7M or 111%), Coal Briquettes (€29.6M or 107%), and Coffee (€2.73M or 37.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€10.6M(12.6%)
IMPORT GROWTH (November 2023 - November 2024)€14.1M(39.9%)
MAIN EXPORTER (November 2024)Barcelona€27M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Colombia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $1.26B to Colombia. The main products exported from Spain to Colombia were Refined Petroleum ($133M), Packaged Medicaments ($103M), and Pure Olive Oil ($43.3M). During the last 5 years the exports of Spain to Colombia have increased at an annualized rate of 12.9%, from $154M in 2018 to $1.26B in 2023.

In 2018, Colombia exported $1.2B to Spain. The main products exported from Colombia to Spain were Crude Petroleum ($487M), Coal Briquettes ($195M), and Refined Petroleum ($121M). During the last 5 years the exports of Colombia to Spain have decreased at an annualized rate of 7.71%, from $252M in 2023 to $1.2B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Spain than Colombia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Colombia than Spain included Panama ($4.66B), Ecuador ($2.19B), and Venezuela ($673M).

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

Comparative Advantage Spain - Colombia

Flow
Scale

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

During 2023, Spain had a large net trade with Colombia in the exports of Chemical Products ($349M), Machines ($222M), and Mineral Products ($153M).

During 2018, Colombia had a large net trade with Spain in the exports of Mineral Products ($816M), Vegetable Products ($187M), and Foodstuffs ($53.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Colombia+$63.1MRefined Petroleum
Top Product Potential Colombia Spain+$262MCrude 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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Economic Complexity

Competitive Landscape

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

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

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