2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186

About

India-Colombia Trade: In 2022, India exported $1.59B to Colombia. The main products that India exported to Colombia were Motorcycles and cycles ($148M), Cars ($125M), and Packaged Medicaments ($71.7M). Over the past 5 years the exports of India to Colombia have increased at an annualized rate of 11.2%, from $936M in 2017 to $1.59B in 2022.

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

Colombia-India Trade: In 2022, Colombia exported $2.55B to India. The main products that Colombia exported to India were Crude Petroleum ($1.86B), Gold ($385M), and Coke ($163M). Over the past 5 years the exports of Colombia to India have increased at an annualized rate of 52%,  from $314M in 2017 to $2.55B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.59B to Colombia. The main products exported from India to Colombia were Motorcycles and cycles ($148M), Cars ($125M), and Packaged Medicaments ($71.7M). During the last 5 years the exports of India to Colombia have increased at an annualized rate of 11.2%, from $936M in 2017 to $1.59B in 2022.

In 2017, Colombia exported $2.55B to India. The main products exported from Colombia to India were Crude Petroleum ($1.86B), Gold ($385M), and Coke ($163M). During the last 5 years the exports of Colombia to India have increased at an annualized rate of 52%, from $314M in 2022 to $2.55B in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Colombia
Top Destination
United States$15.6B

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

In 2022, countries that imported more from India than Colombia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Colombia

Flow
Scale

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

During 2022, India had a large net trade with Colombia in the exports of Chemical Products ($456M), Transportation ($358M), and Textiles ($228M).

During 2017, Colombia had a large net trade with India in the exports of Mineral Products ($2.09B), Precious Metals ($389M), and Metals ($30.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Colombia+$68.8MPackaged Medicaments
Top Product Potential Colombia India+$897MCrude Petroleum

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

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

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