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2023
Flag → Flag
Exports $1.4BRnk 45 / 211
2023
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Top Product $371MCars
2023
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Exports $716MRnk 18 / 183
2023
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Top Product $340MCoal Briquettes
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
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GDP$4.2TCURRENT US$
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2013-2023
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GDP GROWTH-19.3%CURRENT US$
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2023
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 GDP$363BCURRENT US$
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2013-2023
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GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
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GDP PC $33,767CURRENT US$
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2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 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$
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About

Japan-Colombia Trade: In 2023, Japan exported $1.4B to Colombia. The main products that Japan exported to Colombia were Cars ($371M), Hot-Rolled Iron ($159M), and Flat Flat-Rolled Steel ($100M). Over the past 5 years the exports of Japan to Colombia have increased at an annualized rate of 2.16%, from $1.26B in 2018 to $1.4B in 2023.

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

Colombia-Japan Trade: In 2023, Colombia exported $716M to Japan. The main products that Colombia exported to Japan were Coal Briquettes ($340M), Coffee ($176M), and Cut Flowers ($53.8M). Over the past 5 years the exports of Colombia to Japan have increased at an annualized rate of 7.56%,  from $498M in 2018 to $716M in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥12.1B and imported ¥7.35B from Colombia, resulting in a positive trade balance of ¥4.7B. Between November 2023 and November 2024 the exports of Japan have increased by ¥1.3B (12%) from ¥10.8B to ¥12.1B, while imports decreased by ¥-3.43B (-31.8%) from ¥10.8B to ¥7.35B.

Trade In November 2024, the top exports of Japan to Colombia were Cars (¥2.09B), Hot-Rolled Iron (¥1.67B), Delivery Trucks (¥1.17B), Flat Flat-Rolled Steel (¥1.12B), and Spark-Ignition Engines (¥320M). In November 2024 the top imports of Japan from Colombia were Coffee (¥1.96B), Cut Flowers (¥673M), Coffee and Tea Extracts (¥518M), Ferroalloys (¥391M), and Pesticides (¥128M).

Origins In November 2024 the exports of Japan were mainly from Kanagawa (¥2.57B), Aichi (¥2.5B), Fukuoka (¥1.47B), Ibaraki (¥1.03B), and Okayama (¥1.02B), while imports destinations were mainly Kanagawa (¥3.65B), Fukushima (¥1.2B), Chiba (¥658M), Hyōgo (¥578M), and Aichi (¥319M).

Growth In November 2024, the increase in Japan's year-by-year exports to Colombia was explained primarily by an increase in product exports in Hot-Rolled Iron (¥734M or 78.4%), Motorcycles and cycles (¥167M or 287%), and Spark-Ignition Engines (¥161M or 102%). In November 2024, the decrease in Japan's year-by-year imports  from Colombia was explained primarily by an decrease in product imports  in Coal Briquettes (¥-1.71B or -97.2%), Coffee (¥-961M or -32.9%), and Ferroalloys (¥-209M or -34.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥1.3B(12%)
IMPORT GROWTH (November 2023 - November 2024)¥-3.43B(-31.8%)
MAIN EXPORTER (November 2024)Kanagawa¥2.57B

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

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

For full datasets download visit Bulk Download page.

Explore Colombia and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $1.4B to Colombia. The main products exported from Japan to Colombia were Cars ($371M), Hot-Rolled Iron ($159M), and Flat Flat-Rolled Steel ($100M). During the last 5 years the exports of Japan to Colombia have increased at an annualized rate of 2.16%, from $1.26B in 2018 to $1.4B in 2023.

In 2018, Colombia exported $716M to Japan. The main products exported from Colombia to Japan were Coal Briquettes ($340M), Coffee ($176M), and Cut Flowers ($53.8M). During the last 5 years the exports of Colombia to Japan have increased at an annualized rate of 7.56%, from $498M in 2023 to $716M in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Japan than Colombia included China ($138B), United States ($143B), and Chinese Taipei ($43B).

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

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

Comparative Advantage Japan - Colombia

Flow
Scale

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

During 2023, Japan had a large net trade with Colombia in the exports of Transportation ($526M), Machines ($312M), and Metals ($302M).

During 2018, Colombia had a large net trade with Japan in the exports of Mineral Products ($356M), Vegetable Products ($231M), and Metals ($45.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Colombia+$136MCars
Top Product Potential Colombia Japan+$282MCoal 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 Japan and Colombia. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Japan.

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

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