2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Colombia-Italy Trade: In 2022, Colombia exported $991M to Italy. The main products that Colombia exported to Italy were Gold ($466M), Coal Briquettes ($131M), and Bananas ($127M). Over the past 5 years the exports of Colombia to Italy have increased at an annualized rate of 13.2%, from $533M in 2017 to $991M in 2022.

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

Italy-Colombia Trade: In 2022, Italy exported $1.09B to Colombia. The main products that Italy exported to Colombia were Packaged Medicaments ($78M), Jewellery ($32.1M), and Machinery Having Individual Functions ($28M). Over the past 5 years the exports of Italy to Colombia have increased at an annualized rate of 8.83%,  from $712M in 2017 to $1.09B in 2022.

In 2002, Italy exported services to Colombia worth $15.7M, with Travel ($11.5M), Transportation ($2.1M), and Insurance services ($1.05M) being the largest in terms of value.

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $991M to Italy. The main products exported from Colombia to Italy were Gold ($466M), Coal Briquettes ($131M), and Bananas ($127M). During the last 5 years the exports of Colombia to Italy have increased at an annualized rate of 13.2%, from $533M in 2017 to $991M in 2022.

In 2017, Italy exported $1.09B to Colombia. The main products exported from Italy to Colombia were Packaged Medicaments ($78M), Jewellery ($32.1M), and Machinery Having Individual Functions ($28M). During the last 5 years the exports of Italy to Colombia have increased at an annualized rate of 8.83%, from $712M in 2022 to $1.09B in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Italy (Flag)

Colombia Exports

Italy Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Italy
Top Destination
Germany$78.5B

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

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

In 2022, countries that imported more from Italy than Colombia included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Colombia - Italy

Flow
Scale

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

During 2022, Colombia had a large net trade with Italy in the exports of Precious Metals ($472M), Vegetable Products ($214M), and Mineral Products ($131M).

During 2017, Italy had a large net trade with Colombia in the exports of Machines ($399M), Chemical Products ($199M), and Foodstuffs ($78.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Italy+$83MCoal Briquettes
Top Product Potential Italy Colombia+$56MPackaged Medicaments

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

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

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