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2023
Flag → Flag
Exports $326MRnk 60 / 137
2023
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Top Product $114MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $68.9MRnk 52 / 183
2023
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Top Product $48.1MFrozen Bovine Meat
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
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GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
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GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 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$
Rnk 173 / 195

About

Russia-Colombia Trade: In 2023, Russia exported $326M to Colombia. The main products that Russia exported to Colombia were Mixed Mineral or Chemical Fertilizers ($114M), Nitrogenous Fertilizers ($101M), and Hot-Rolled Iron Bars ($30.5M). Over the past 5 years the exports of Russia to Colombia have decreased at an annualized rate of 5.88%, from $441M in 2018 to $326M in 2023.

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 2023, Colombia exported $68.9M to Russia. The main products that Colombia exported to Russia were Frozen Bovine Meat ($48.1M), Cut Flowers ($8.9M), and Coffee ($4.68M). Over the past 5 years the exports of Colombia to Russia have decreased at an annualized rate of 11.2%,  from $125M in 2018 to $68.9M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

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 2023, Russia exported $326M to Colombia. The main products exported from Russia to Colombia were Mixed Mineral or Chemical Fertilizers ($114M), Nitrogenous Fertilizers ($101M), and Hot-Rolled Iron Bars ($30.5M). During the last 5 years the exports of Russia to Colombia have decreased at an annualized rate of 5.88%, from $441M in 2018 to $326M in 2023.

In 2018, Colombia exported $68.9M to Russia. The main products exported from Colombia to Russia were Frozen Bovine Meat ($48.1M), Cut Flowers ($8.9M), and Coffee ($4.68M). During the last 5 years the exports of Colombia to Russia have decreased at an annualized rate of 11.2%, from $125M in 2023 to $68.9M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Colombia
Top DestinationUnited States$14.8B

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 2023, countries that imported more from Russia than Colombia included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Colombia than Russia included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

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

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 2023, Russia had a large net trade with Colombia in the exports of Chemical Products ($234M), Metals ($51.6M), and Machines ($21.6M).

During 2018, Colombia had a large net trade with Russia in the exports of Animal Products ($49.5M), Vegetable Products ($14.2M), and Foodstuffs ($4.84M).

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) (2023)

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