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2022
Flag → Flag
Exports $402MRnk 64 / 138
2022
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Top Product $145MMixed Mineral or Chemical Fertilizers
2022
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Exports $128MRnk 49 / 187
2022
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Top Product $82.6MFrozen Bovine Meat
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
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GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 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

Russia-Colombia Trade: In 2022, Russia exported $402M to Colombia. The main products that Russia exported to Colombia were Mixed Mineral or Chemical Fertilizers ($145M), Nitrogenous Fertilizers ($77.2M), and Hot-Rolled Iron Bars ($26.2M). Over the past 5 years the exports of Russia to Colombia have decreased at an annualized rate of 4.99%, from $519M in 2017 to $402M in 2022.

In 2020, Russia exported services to Colombia worth $10.9M, with Transportation ($8.9M), Other business services ($1.42M), and Computer and information services ($402k) being the largest in terms of value.

Colombia-Russia Trade: In 2022, Colombia exported $128M to Russia. The main products that Colombia exported to Russia were Frozen Bovine Meat ($82.6M), Cut Flowers ($15.7M), and Coffee ($10.9M). Over the past 5 years the exports of Colombia to Russia have increased at an annualized rate of 7.35%,  from $89.7M in 2017 to $128M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $24.2M and imported $16.1M from Colombia, resulting in a positive trade balance of $8.13M. Between January 2021 and January 2022 the exports of Russia have increased by $18M (289%) from $6.22M to $24.2M, while imports increased by $5.52M (52.3%) from $10.6M to $16.1M.

Trade In January 2022, the top exports of Russia to Colombia were Mixed Mineral or Chemical Fertilizers ($2.47M), Polycarboxylic Acids ($721k), Plastic Pipes ($346k), Insulated Wire ($261k), and Other Uncoated Paper ($253k). In January 2022 the top imports of Russia from Colombia were Frozen Bovine Meat ($2.08M), Coffee ($1.8M), Tropical Fruits ($1.75M), Concentrated Milk ($788k), and Coal Briquettes ($655k).

Origins In January 2022 the exports of Russia were mainly from SAMARA REGION ($5.01M), ROSTOV REGION ($3.2M), REPUBLIC OF BASHKORTOSTAN ($2.17M), TYUMEN REGION ($2.15M), and TULA REGION ($2.06M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($6.1M), KALININGRAD REGION ($3.09M), ST. PETERSBURG ($2.32M), TVER REGION ($1.46M), and MOSCOW REGION ($1.34M).

Growth In January 2022, the increase in Russia's year-by-year exports to Colombia was explained primarily by an increase in product exports in Mixed Mineral or Chemical Fertilizers ($2.37M or 2.25k%), Insulated Wire ($260k or 61k%), and Kraft Paper ($174k or 250%). In January 2022, the increase in Russia's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Tropical Fruits ($1.33M or 314%), Coal Briquettes ($39.3k or 6.39%), and Raw Sugar ($10.7k or 5.26%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$18M(289%)
IMPORT GROWTH (January 2021 - January 2022)$5.52M(52.3%)
MAIN EXPORTER (January 2022)SAMARA REGION$5.01M

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

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

For full datasets download visit Bulk Download page.

Explore Colombia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $402M to Colombia. The main products exported from Russia to Colombia were Mixed Mineral or Chemical Fertilizers ($145M), Nitrogenous Fertilizers ($77.2M), and Hot-Rolled Iron Bars ($26.2M). During the last 5 years the exports of Russia to Colombia have decreased at an annualized rate of 4.99%, from $519M in 2017 to $402M in 2022.

In 2017, Colombia exported $128M to Russia. The main products exported from Colombia to Russia were Frozen Bovine Meat ($82.6M), Cut Flowers ($15.7M), and Coffee ($10.9M). During the last 5 years the exports of Colombia to Russia have increased at an annualized rate of 7.35%, from $89.7M in 2022 to $128M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Russia than Colombia included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Colombia than Russia included Panama ($5.84B), Chile ($1.63B), and Ecuador ($1.89B).

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

Comparative Advantage Russia - Colombia

Flow
Scale

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

During 2022, Russia had a large net trade with Colombia in the exports of Chemical Products ($238M), Metals ($112M), and Machines ($27.4M).

During 2017, Colombia had a large net trade with Russia in the exports of Animal Products ($86M), Vegetable Products ($37M), and Foodstuffs ($3.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Colombia+$16.3MRefined Petroleum
Top Product Potential Colombia Russia+$15.6MCoffee

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

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

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