Ireland (IRL) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Ireland-Colombia Trade: In 2023, Ireland exported $328M to Colombia. The main products that Ireland exported to Colombia were Vaccines, blood, antisera, toxins and cultures ($148M), Packaged Medicaments ($78M), and Orthopedic Appliances ($23.6M). Over the past 5 years the exports of Ireland to Colombia have increased at an annualized rate of 16%, from $156M in 2018 to $328M in 2023.

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 2023, Colombia exported $148M to Ireland. The main products that Colombia exported to Ireland were Coal Briquettes ($133M), Coffee ($5.49M), and Tropical Fruits ($2.43M). Over the past 5 years the exports of Colombia to Ireland have increased at an annualized rate of 7.55%, from $103M in 2018 to $148M in 2023.

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

Comparison: In 2023, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Colombia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Colombia were . In N/A the top imports of Ireland from Colombia were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Colombia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Colombia was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ireland exported $328M to Colombia. The main products exported from Ireland to Colombia were Vaccines, blood, antisera, toxins and cultures ($148M), Packaged Medicaments ($78M), and Orthopedic Appliances ($23.6M). During the last 5 years the exports of Ireland to Colombia have increased at an annualized rate of 16%, from $156M in 2018 to $328M in 2023.

In 2018, Colombia exported $148M to Ireland. The main products exported from Colombia to Ireland were Coal Briquettes ($133M), Coffee ($5.49M), and Tropical Fruits ($2.43M). During the last 5 years the exports of Colombia to Ireland have increased at an annualized rate of 7.55%, from $103M in 2023 to $148M in 2018.

Exports from Ireland () to Colombia () (2023)

Exports from Colombia () to Ireland () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$67.4B

Colombia
Top DestinationUnited States$14.8B

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 2023, countries that imported more from Ireland than Colombia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Colombia than Ireland included Panama ($4.66B), Ecuador ($2.19B), and India ($2.51B).

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

Comparative Advantage Ireland - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ireland had a large net trade with Colombia in the exports of Chemical Products ($232M), Instruments ($36.3M), and Foodstuffs ($17.7M).

During 2018, Colombia had a large net trade with Ireland in the exports of Mineral Products ($133M), Vegetable Products ($9.09M), and Chemical Products ($1.83M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Colombia () (2023)

Exports from Colombia () to Ireland () (2023)

Market Competitiveness

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

Comparative Advantage Ireland - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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