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2022
Flag → Flag
Exports $1.51BRnk 40 / 211
2022
Flag → Flag
Top Product $344MCars
2022
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Exports $618MRnk 22 / 187
2022
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Top Product $278MCoffee
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$344BCURRENT US$
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2012-2022
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GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
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GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Japan-Colombia Trade: In 2022, Japan exported $1.51B to Colombia. The main products that Japan exported to Colombia were Cars ($344M), Delivery Trucks ($265M), and Hot-Rolled Iron ($157M). Over the past 5 years the exports of Japan to Colombia have increased at an annualized rate of 5.06%, from $1.18B in 2017 to $1.51B in 2022.

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

Colombia-Japan Trade: In 2022, Colombia exported $618M to Japan. The main products that Colombia exported to Japan were Coffee ($278M), Coal Briquettes ($153M), and Cut Flowers ($54.5M). Over the past 5 years the exports of Colombia to Japan have increased at an annualized rate of 1.71%,  from $568M in 2017 to $618M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported ¥12.2B and imported ¥8.62B from Colombia, resulting in a positive trade balance of ¥3.61B. Between August 2023 and August 2024 the exports of Japan have increased by ¥4.78B (64.2%) from ¥7.44B to ¥12.2B, while imports decreased by ¥-1.22B (-12.4%) from ¥9.83B to ¥8.62B.

Trade In August 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 August 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 August 2024 the exports of Japan were mainly from Kanagawa (¥2.69B), Aichi (¥2.59B), Fukuoka (¥2.34B), Ibaraki (¥1.48B), and Ōita (¥683M), while imports destinations were mainly Kanagawa (¥1.87B), Fukushima (¥1.4B), Okayama (¥1.28B), Hiroshima (¥1.15B), and Hyōgo (¥811M).

Growth In August 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 August 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 (August 2023 - August 2024)¥4.78B(64.2%)
IMPORT GROWTH (August 2023 - August 2024)¥-1.22B(-12.4%)
MAIN EXPORTER (August 2024)Kanagawa¥2.69B

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 2022, Japan exported $1.51B to Colombia. The main products exported from Japan to Colombia were Cars ($344M), Delivery Trucks ($265M), and Hot-Rolled Iron ($157M). During the last 5 years the exports of Japan to Colombia have increased at an annualized rate of 5.06%, from $1.18B in 2017 to $1.51B in 2022.

In 2017, Colombia exported $618M to Japan. The main products exported from Colombia to Japan were Coffee ($278M), Coal Briquettes ($153M), and Cut Flowers ($54.5M). During the last 5 years the exports of Colombia to Japan have increased at an annualized rate of 1.71%, from $568M in 2022 to $618M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Colombia
Top DestinationUnited States$15.6B

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 2022, countries that imported more from Japan than Colombia included China ($135B), United States ($137B), and South Korea ($50.8B).

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

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

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 2022, Japan had a large net trade with Colombia in the exports of Transportation ($743M), Metals ($307M), and Machines ($215M).

During 2017, Colombia had a large net trade with Japan in the exports of Vegetable Products ($337M), Mineral Products ($153M), and Metals ($49.5M).

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) (2022)

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