Vietnam (VNM) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Vietnam-Colombia Trade: In 2023, Vietnam exported $824M to Colombia. The main products that Vietnam exported to Colombia were Broadcasting Equipment ($298M), Textile Footwear ($50.5M), and Non-Retail Synthetic Staple Fibers Yarn ($47.1M). Over the past 5 years the exports of Vietnam to Colombia have increased at an annualized rate of 10.1%, from $508M in 2018 to $824M in 2023.

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

Colombia-Vietnam Trade: In 2023, Colombia exported $23.3M to Vietnam. The main products that Colombia exported to Vietnam were Coffee ($9.66M), Edible Offal ($3.06M), and Pesticides ($2.65M). Over the past 5 years the exports of Colombia to Vietnam have decreased at an annualized rate of 12.1%, from $44.4M in 2018 to $23.3M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $824M to Colombia. The main products exported from Vietnam to Colombia were Broadcasting Equipment ($298M), Textile Footwear ($50.5M), and Non-Retail Synthetic Staple Fibers Yarn ($47.1M). During the last 5 years the exports of Vietnam to Colombia have increased at an annualized rate of 10.1%, from $508M in 2018 to $824M in 2023.

In 2018, Colombia exported $23.3M to Vietnam. The main products exported from Colombia to Vietnam were Coffee ($9.66M), Edible Offal ($3.06M), and Pesticides ($2.65M). During the last 5 years the exports of Colombia to Vietnam have decreased at an annualized rate of 12.1%, from $44.4M in 2023 to $23.3M in 2018.

Exports from Vietnam () to Colombia () (2023)

Exports from Colombia () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Vietnam than Colombia included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Colombia than Vietnam included Panama ($4.66B), Ecuador ($2.19B), and South Korea ($825M).

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

Comparative Advantage Vietnam - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Colombia in the exports of Machines ($467M), Footwear and Headwear ($107M), and Textiles ($104M).

During 2018, Colombia had a large net trade with Vietnam in the exports of Vegetable Products ($9.77M), Animal Products ($6.56M), and Chemical Products ($3.06M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Colombia+$110MTelephones

Top Product Potential Colombia Vietnam+$4.85MCoffee

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Colombia () (2023)

Exports from Colombia () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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