Colombia-Suriname Bilateral Trade Analysis 2023
Complete trade statistics: $14.41M total volume •Colombia surplus: $10.71M
Colombia → Suriname
$12.56M
Exports (2023)
Suriname → Colombia
$1.85M
Imports (2023)
Trade Balance
$10.71M
Surplus for Colombia
Total Trade
$14.41M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Colombia and Suriname. Green line shows exports from Colombia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Colombia-Suriname commercial relationship and competitive positioning in global markets.
Colombia → Suriname Exports
Export Market Intelligence
🎯 Strategic Export Focus
Colombia's export portfolio to Suriname demonstrates strategic specialization, with electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva representing a key competitive advantage in this bilateral market.
Suriname → Colombia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Colombia's import pattern from Suriname reveals significant dependencyin medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Colombia demonstrates competitive strength in exportingelectrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva to Suriname, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $14.41M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Colombia-Suriname Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $14.41 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Colombia maintains a surplus of $10.71 million
- Export Focus: Colombia's primary exports include electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva, sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter, boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts
- Import Dependencies: Key imports from Suriname include medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018, games: operated by coins, banknotes, bank cards, tokens or by other means of payment, other than billiard articles and accesssories, and automatic bowling alley equipment, paper or paperboard: waste and scrap, of paper or paperboard n.e.c. in heading no. 4707 and of unsorted waste and scrap
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $14.41M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Colombia leveraging its comparative advantages in electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Colombia's specialization in electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kvacomplements Suriname's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $14.41M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $14.41M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $14.41 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva and medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Colombia's trade surplus of $10.71 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Colombia and Suriname represents a total trade volume of $14.41 million in 2023. This partnership demonstrates a favorable trade balance for Colombia, with exports exceeding importsby $10.71 million.
Export Strengths
Colombia's exports to Suriname total $12.56 million, with competitive advantages in electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva, representing $2.60M or20.7% of bilateral exports.
Import Dependencies
Imports from Suriname amount to $1.85 million, highlighting economic interdependence in medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018, with Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018 comprising94.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Colombia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Colombia and Suriname in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023