2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 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 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 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

Mexico-Colombia Trade: In 2022, Mexico exported $3.6B to Colombia. The main products that Mexico exported to Colombia were Video Displays ($381M), Cars ($368M), and Tractors ($229M). Over the past 5 years the exports of Mexico to Colombia have increased at an annualized rate of 1.61%, from $3.32B in 2017 to $3.6B in 2022.

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

Colombia-Mexico Trade: In 2022, Colombia exported $1.73B to Mexico. The main products that Colombia exported to Mexico were Coal Briquettes ($325M), Coke ($262M), and Refined Petroleum ($85.2M). Over the past 5 years the exports of Colombia to Mexico have increased at an annualized rate of 2.2%,  from $1.55B in 2017 to $1.73B in 2022.

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

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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, Mexico exported $3.6B to Colombia. The main products exported from Mexico to Colombia were Video Displays ($381M), Cars ($368M), and Tractors ($229M). During the last 5 years the exports of Mexico to Colombia have increased at an annualized rate of 1.61%, from $3.32B in 2017 to $3.6B in 2022.

In 2017, Colombia exported $1.73B to Mexico. The main products exported from Colombia to Mexico were Coal Briquettes ($325M), Coke ($262M), and Refined Petroleum ($85.2M). During the last 5 years the exports of Colombia to Mexico have increased at an annualized rate of 2.2%, from $1.55B in 2022 to $1.73B in 2017.

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

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

Latest Data

Trade between Mexico (Flag) and Colombia (Flag)

Mexico Exports

Colombia Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Colombia
Top Destination
United States$15.6B

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

In 2022, countries that imported more from Mexico than Colombia included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Colombia than Mexico included Panama ($5.84B), Netherlands ($3.67B), and Turkey ($2.27B).

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

Comparative Advantage Mexico - Colombia

Flow
Scale

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

During 2022, Mexico had a large net trade with Colombia in the exports of Machines ($893M), Transportation ($795M), and Metals ($593M).

During 2017, Colombia had a large net trade with Mexico in the exports of Mineral Products ($697M), Chemical Products ($210M), and Plastics and Rubbers ($184M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico Colombia+$186MCars
Top Product Potential Colombia Mexico+$104MRefined 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 Mexico and Colombia. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Mexico.

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

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