Ethiopia (ETH) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Ethiopia-Colombia Trade: In 2022, Ethiopia exported $68.7k to Colombia. The main products that Ethiopia exported to Colombia were Knit Babies' Garments ($19.4k), Knit Sweaters ($18.4k), and Trunks and Cases ($9.14k). Over the past 5 years the exports of Ethiopia to Colombia have increased at an annualized rate of 4.53%, from $55.1k in 2017 to $68.7k in 2022.

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

Colombia-Ethiopia Trade: In 2022, Colombia exported $2.52M to Ethiopia. The main products that Colombia exported to Ethiopia were Lifting Machinery ($950k), Industrial Food Preperation Machinery ($675k), and Mill Machinery ($525k). Over the past 5 years the exports of Colombia to Ethiopia have increased at an annualized rate of 13.6%, from $1.33M in 2017 to $2.52M in 2022.

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

Comparison: In 2022, Ethiopia ranked 98 in the Economic Complexity Index (ECI -0.72), and 134 in total exports ($4.24B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ethiopia exported $68.7k to Colombia. The main products exported from Ethiopia to Colombia were Knit Babies' Garments ($19.4k), Knit Sweaters ($18.4k), and Trunks and Cases ($9.14k). During the last 5 years the exports of Ethiopia to Colombia have increased at an annualized rate of 4.53%, from $55.1k in 2017 to $68.7k in 2022.

In 2017, Colombia exported $2.52M to Ethiopia. The main products exported from Colombia to Ethiopia were Lifting Machinery ($950k), Industrial Food Preperation Machinery ($675k), and Mill Machinery ($525k). During the last 5 years the exports of Colombia to Ethiopia have increased at an annualized rate of 13.6%, from $1.33M in 2022 to $2.52M in 2017.

Exports from Ethiopia () to Colombia () (2022)

Exports from Colombia () to Ethiopia () (2022)

Latest Data

Trade between Ethiopia () and Colombia ()

Ethiopia Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ethiopia
Top DestinationUnited Arab Emirates$723M

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Ethiopia than Colombia included United Arab Emirates ($723M), Somalia ($265M), and Saudi Arabia ($268M).

In 2022, countries that imported more from Colombia than Ethiopia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

Difference in imports from Colombia () and Ethiopia () (2022)

Comparative Advantage Ethiopia - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ethiopia had a large net trade with Colombia in the exports of Textiles ($58.1k), Animal Hides ($9.14k), and Miscellaneous ($1.23k).

During 2017, Colombia had a large net trade with Ethiopia in the exports of Machines ($2.22M), Chemical Products ($158k), and Metals ($86.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ethiopia Colombia+$86.1kKnit Sweaters

Top Product Potential Colombia Ethiopia+$115kPrepr binder for foundry

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

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Historical Data

Bilateral Trade by Products

Exports from Ethiopia () to Colombia () (2022)

Exports from Colombia () to Ethiopia () (2022)

Latest Data

Trade between Ethiopia () and Colombia ()

Ethiopia Exports

Colombia Exports

Market Competitiveness

Difference in imports from Colombia () and Ethiopia () (2022)

Comparative Advantage Ethiopia - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ethiopia () and Colombia () (2022)

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