2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186

About

Ireland-Colombia Trade: In 2022, Ireland exported $247M to Colombia. The main products that Ireland exported to Colombia were Vaccines, blood, antisera, toxins and cultures ($83.5M), Packaged Medicaments ($64.1M), and Orthopedic Appliances ($21.8M). Over the past 5 years the exports of Ireland to Colombia have increased at an annualized rate of 14.7%, from $124M in 2017 to $247M in 2022.

In 2003, Ireland exported services to Colombia worth $6.32M, with Insurance services ($6.32M) being the largest in terms of value.

Colombia-Ireland Trade: In 2022, Colombia exported $267M to Ireland. The main products that Colombia exported to Ireland were Coal Briquettes ($251M), Coffee ($5.68M), and Coke ($2.54M). Over the past 5 years the exports of Colombia to Ireland have increased at an annualized rate of 12.5%,  from $117M in 2017 to $267M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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
Value

In 2022, Ireland exported $247M to Colombia. The main products exported from Ireland to Colombia were Vaccines, blood, antisera, toxins and cultures ($83.5M), Packaged Medicaments ($64.1M), and Orthopedic Appliances ($21.8M). During the last 5 years the exports of Ireland to Colombia have increased at an annualized rate of 14.7%, from $124M in 2017 to $247M in 2022.

In 2017, Colombia exported $267M to Ireland. The main products exported from Colombia to Ireland were Coal Briquettes ($251M), Coffee ($5.68M), and Coke ($2.54M). During the last 5 years the exports of Colombia to Ireland have increased at an annualized rate of 12.5%, from $117M in 2022 to $267M in 2017.

Exports from Ireland (Flag) to Colombia (Flag) (2022)

Exports from Colombia (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Colombia
Top Destination
United States$15.6B

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

In 2022, countries that imported more from Ireland than Colombia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Colombia than Ireland included Panama ($5.84B), Ecuador ($1.89B), and Brazil ($2.39B).

Difference in imports from Colombia (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Colombia

Flow
Scale

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

During 2022, Ireland had a large net trade with Colombia in the exports of Chemical Products ($158M), Instruments ($35M), and Foodstuffs ($18.1M).

During 2017, Colombia had a large net trade with Ireland in the exports of Mineral Products ($254M), Vegetable Products ($9.18M), and Foodstuffs ($712k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Colombia+$40.4MPackaged Medicaments
Top Product Potential Colombia Ireland+$4.37MCoffee

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

Product Space of Ireland (Flag) and Colombia (Flag) (2022)

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