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Pricing

2022
Flag → Flag
Exports $1.09BRnk 63 / 221
2022
Flag → Flag
Top Product $78MPackaged Medicaments
2022
Flag → Flag
Exports $991MRnk 16 / 187
2022
Flag → Flag
Top Product $466MGold
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Colombia Trade: In 2022, Italy exported $1.09B to Colombia. The main products that Italy exported to Colombia were Packaged Medicaments ($78M), Jewellery ($32.1M), and Machinery Having Individual Functions ($28M). Over the past 5 years the exports of Italy to Colombia have increased at an annualized rate of 8.83%, from $712M in 2017 to $1.09B in 2022.

In 2002, Italy exported services to Colombia worth $15.7M, with Travel ($11.5M), Transportation ($2.1M), and Insurance services ($1.05M) being the largest in terms of value.

Colombia-Italy Trade: In 2022, Colombia exported $991M to Italy. The main products that Colombia exported to Italy were Gold ($466M), Coal Briquettes ($131M), and Bananas ($127M). Over the past 5 years the exports of Colombia to Italy have increased at an annualized rate of 9.27%,  from $533M in 2017 to $991M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Italy exported €21.7M and imported €74.2M from Colombia, resulting in a negative trade balance of €52.6M. Between August 2023 and August 2024 the exports of Italy have decreased by €-4.52M (-17.2%) from €26.2M to €21.7M, while imports decreased by €-2.26M (-2.95%) from €76.5M to €74.2M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-4.52M(-17.2%)
IMPORT GROWTH (August 2023 - August 2024)€-2.26M(-2.95%)

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

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

For full datasets download visit Bulk Download page.

Explore Colombia and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.09B to Colombia. The main products exported from Italy to Colombia were Packaged Medicaments ($78M), Jewellery ($32.1M), and Machinery Having Individual Functions ($28M). During the last 5 years the exports of Italy to Colombia have increased at an annualized rate of 8.83%, from $712M in 2017 to $1.09B in 2022.

In 2017, Colombia exported $991M to Italy. The main products exported from Colombia to Italy were Gold ($466M), Coal Briquettes ($131M), and Bananas ($127M). During the last 5 years the exports of Colombia to Italy have increased at an annualized rate of 9.27%, from $533M in 2022 to $991M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Italy than Colombia included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Colombia than Italy included Panama ($5.84B), Ecuador ($1.89B), and Venezuela ($632M).

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

Comparative Advantage Italy - Colombia

Flow
Scale

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

During 2022, Italy had a large net trade with Colombia in the exports of Machines ($399M), Chemical Products ($199M), and Foodstuffs ($78.6M).

During 2017, Colombia had a large net trade with Italy in the exports of Precious Metals ($472M), Vegetable Products ($214M), and Mineral Products ($131M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Colombia+$56MPackaged Medicaments
Top Product Potential Colombia Italy+$83MCoal Briquettes

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

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

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