Suriname-Colombia Bilateral Trade Analysis 2023
Complete trade statistics: $14.41M total volume •Suriname deficit: $10.71M
Suriname → Colombia
$1.85M
Exports (2023)
Colombia → Suriname
$12.56M
Imports (2023)
Trade Balance
$10.71M
Deficit for Suriname
Total Trade
$14.41M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Suriname and Colombia. Green line shows exports from Suriname, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Suriname-Colombia commercial relationship and competitive positioning in global markets.
Suriname → Colombia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Suriname's export portfolio to Colombia demonstrates strategic specialization, with medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018 representing a key competitive advantage in this bilateral market.
Colombia → Suriname Imports
Import Dependency Profile
📦 Import Strategy Analysis
Suriname's import pattern from Colombia reveals significant dependencyin electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Suriname demonstrates competitive strength in exportingmedical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018 to Colombia, 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: Suriname-Colombia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $14.41 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Suriname maintains a deficit of $10.71 million
- Export Focus: Suriname's primary exports 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
- Import Dependencies: Key imports from Colombia 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
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 Suriname leveraging its comparative advantages in medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018.
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
Suriname's specialization in medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018complements Colombia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva.
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 medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018 and electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Suriname's trade deficit of $10.71 million impacts 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 Suriname and Colombia represents a total trade volume of $14.41 million in 2023. This partnership demonstrates an unfavorable trade balance for Suriname, with imports exceeding exportsby $10.71 million.
Export Strengths
Suriname's exports to Colombia total $1.85 million, with competitive advantages in medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018, representing $1.74M or94.0% of bilateral exports.
Import Dependencies
Imports from Colombia amount to $12.56 million, highlighting economic interdependence in electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kva, with Electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kVA comprising20.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Suriname's strategic sourcing from Colombia. 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 Suriname and Colombia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023