Turkey (TUR) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Turkey-Colombia Trade: In 2023, Turkey exported $262M to Colombia. The main products that Turkey exported to Colombia were Iron Blocks ($25.9M), Motor vehicles; parts and accessories (8701 to 8705) ($11M), and Copper Springs ($10.4M). Over the past 5 years the exports of Turkey to Colombia have decreased at an annualized rate of 3.7%, from $317M in 2018 to $262M in 2023.

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

Colombia-Turkey Trade: In 2023, Colombia exported $815M to Turkey. The main products that Colombia exported to Turkey were Coal Briquettes ($681M), Coke ($98.8M), and Coffee ($15.8M). Over the past 5 years the exports of Colombia to Turkey have decreased at an annualized rate of 14.2%, from $1.75B in 2018 to $815M in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Turkey exported $262M to Colombia. The main products exported from Turkey to Colombia were Iron Blocks ($25.9M), Motor vehicles; parts and accessories (8701 to 8705) ($11M), and Copper Springs ($10.4M). During the last 5 years the exports of Turkey to Colombia have decreased at an annualized rate of 3.7%, from $317M in 2018 to $262M in 2023.

In 2018, Colombia exported $815M to Turkey. The main products exported from Colombia to Turkey were Coal Briquettes ($681M), Coke ($98.8M), and Coffee ($15.8M). During the last 5 years the exports of Colombia to Turkey have decreased at an annualized rate of 14.2%, from $1.75B in 2023 to $815M in 2018.

Exports from Turkey () to Colombia () (2023)

Exports from Colombia () to Turkey () (2023)

Latest Data

Trade between Turkey () and Colombia ()

Turkey Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Turkey than Colombia included Germany ($24.7B), United Kingdom ($15.1B), and United Arab Emirates ($14.7B).

In 2023, countries that imported more from Colombia than Turkey included Panama ($4.66B), Ecuador ($2.19B), and Brazil ($2.12B).

Difference in imports from Colombia () and Turkey () (2023)

Comparative Advantage Turkey - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Colombia in the exports of Metals ($60.3M), Textiles ($52M), and Machines ($49.7M).

During 2018, Colombia had a large net trade with Turkey in the exports of Mineral Products ($779M), Vegetable Products ($17.3M), and Foodstuffs ($3.65M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Colombia+$13.2MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Colombia Turkey+$11MCoffee

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

Year

This visualization shows the product space at the HS4 level with the flags of Turkey and Colombia. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Turkey.

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Colombia () (2023)

Exports from Colombia () to Turkey () (2023)

Latest Data

Trade between Turkey () and Colombia ()

Turkey Exports

Colombia Exports

Market Competitiveness

Difference in imports from Colombia () and Turkey () (2023)

Comparative Advantage Turkey - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Turkey () and Colombia () (2023)

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