2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 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 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 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

Germany-Colombia Trade: In 2022, Germany exported $2.24B to Colombia. The main products that Germany exported to Colombia were Packaged Medicaments ($271M), Vaccines, blood, antisera, toxins and cultures ($154M), and Cars ($117M). Over the past 5 years the exports of Germany to Colombia have increased at an annualized rate of 4.7%, from $1.78B in 2017 to $2.24B in 2022.

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

Colombia-Germany Trade: In 2022, Colombia exported $1.27B to Germany. The main products that Colombia exported to Germany were Coal Briquettes ($609M), Coffee ($280M), and Bananas ($97.1M). Over the past 5 years the exports of Colombia to Germany have increased at an annualized rate of 16%,  from $602M in 2017 to $1.27B in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). 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, Germany exported $2.24B to Colombia. The main products exported from Germany to Colombia were Packaged Medicaments ($271M), Vaccines, blood, antisera, toxins and cultures ($154M), and Cars ($117M). During the last 5 years the exports of Germany to Colombia have increased at an annualized rate of 4.7%, from $1.78B in 2017 to $2.24B in 2022.

In 2017, Colombia exported $1.27B to Germany. The main products exported from Colombia to Germany were Coal Briquettes ($609M), Coffee ($280M), and Bananas ($97.1M). During the last 5 years the exports of Colombia to Germany have increased at an annualized rate of 16%, from $602M in 2022 to $1.27B in 2017.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Colombia
Top Destination
United States$15.6B

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

In 2022, countries that imported more from Germany than Colombia included United States ($153B), France ($120B), and China ($109B).

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

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

Comparative Advantage Germany - Colombia

Flow
Scale

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

During 2022, Germany had a large net trade with Colombia in the exports of Chemical Products ($793M), Machines ($483M), and Transportation ($285M).

During 2017, Colombia had a large net trade with Germany in the exports of Mineral Products ($675M), Vegetable Products ($400M), and Plastics and Rubbers ($51.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Colombia+$127MCars
Top Product Potential Colombia Germany+$118MCoal Briquettes

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

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

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