United Kingdom (GBR) and Colombia (COL) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Colombia (COL) Trade

2022

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Exports $839MRnk 52 / 224

2022

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About

United Kingdom-Colombia In 2022, United Kingdom exported $839M to Colombia. The main products that United Kingdom exported to Colombia are Refined Petroleum ($316M), Hard Liquor ($113M), and Packaged Medicaments ($59.5M). During the last 27 years the exports of United Kingdom to Colombia have increased at an annualized rate of 4.33%, from $267M in 1995 to $839M in 2022.

In 2009, United Kingdom exported services to Colombia worth $264M, with Services not allocated ($218M), Travel ($34M), and Transportation ($8.08M) being the largest in terms of value.

Colombia-United Kingdom In 2022, Colombia exported $639M to United Kingdom. The main products that Colombia exported to United Kingdom were Bananas ($160M), Coke ($103M), and Coal Briquettes ($95.5M). During the last 27 years the exports of Colombia to United Kingdom have increased at an annualized rate of 3.81%, from $233M in 1995 to $639M in 2022.

In 2022, Colombia did not export any services to United Kingdom.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

February, 2024

About

Overview In February 2024, United Kingdom exported £58.2M and imported £41M from Colombia, resulting in a positive trade balance of £17.3M. Between February 2023 and February 2024 the exports of United Kingdom have increased by £24.3M (71.5%) from £33.9M to £58.2M, while imports increased by £9.34M (29.6%) from £31.6M to £41M.

Trade In February 2024, the top exports of United Kingdom to Colombia were Refined Petroleum (£25.8M), Hard Liquor (£5.21M), Cars (£4.75M), Packaged Medicaments (£2.3M), and Pesticides (£1.96M). In February 2024 the top imports of United Kingdom from Colombia were Bananas (£14.9M), Coffee (£5.94M), Cut Flowers (£4.66M), Coal Briquettes (£2.88M), and Tropical Fruits (£2.23M).

Origins In February 2024 the exports of United Kingdom were mainly from Milford (£25.2M), Harwich (£10M), London Heathrow Airport (£6.58M), London Gateway (£6.39M), and Southampton (£901k), while imports destinations were mainly Southampton (£12.5M), London Gateway (£9.43M), Belfast (£6.36M), London Heathrow Airport (£5.84M), and Portsmouth (£3.81M).

Growth In February 2024, the increase in United Kingdom's year-by-year exports to Colombia was explained primarily by an increase in product exports in Cars (£4.03M or 562%), Hard Liquor (£1.26M or 31.9%), and Pesticides (£733k or 59.9%). In February 2024, the increase in United Kingdom's year-by-year imports from Colombia was explained primarily by an increase in product imports in Bananas (£3.77M or 33.9%), Coffee (£1.62M or 37.4%), and Other Processed Fruits and Nuts (£251k or 136%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£24.3M(71.5%)

IMPORT GROWTH (February 2023 - February 2024)£9.34M(29.6%)

MAIN EXPORTER (February 2024)Milford£25.2M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Colombia and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $839M to Colombia. The main products exported from United Kingdom to Colombia were Refined Petroleum ($316M), Hard Liquor ($113M), and Packaged Medicaments ($59.5M). During the last 27 years the exports of United Kingdom to Colombia have increased at an annualized rate of 4.33%, from $267M in 1995 to $839M in 2022.

In 2022, Colombia exported $639M to United Kingdom. The main products exported from Colombia to United Kingdom were Bananas ($160M), Coke ($103M), and Coal Briquettes ($95.5M). During the last 27 years the exports of Colombia to United Kingdom have increased at an annualized rate of 3.81%, from $233M in 1995 to $639M in 2022.

Exports from United Kingdom () to Colombia () (2022)

Exports from Colombia () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Colombia
Top DestinationUnited States$15.6B

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

In 2021, countries that imported more from United Kingdom than Colombia were United States ($61.8B), Germany ($40.6B), and Netherlands ($41.9B).

In 2021, countries that imported more from Colombia than United Kingdom were Panama ($5.84B), Ecuador ($1.89B), and Chile ($1.63B).

Difference in imports from Colombia () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Colombia in the exports of Mineral Products ($321M), Chemical Products ($146M), and Foodstuffs ($125M).

During 2022, Colombia had a large net trade with United Kingdom in the exports of Vegetable Products ($335M), Mineral Products ($215M), and Foodstuffs ($20M).

Service Trade

Bilateral Service Trade

Gbr Year

In 2009, United Kingdom exported services to Colombia worth $264M, with Services not allocated ($218M), Travel ($34M), and Transportation ($8.08M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Colombia () (2009)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Colombia. Similarly, the more yellow a dot/product is, the more Colombia has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Colombia () (2022)

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