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Trade diversification in Colombia, 1991-2011

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  • Ricardo Argüello

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Abstract

Abstract: We describe the evolution of international trade and the behavior of export diversification in Colombia during the period 1991-2011. For measuring trade diversification and following up its behavior along the period, we employ alternative ways of decomposing trade flows along its intensive and extensive margins, using the latter as a measure of diversification. Results indicate that, in the short run, trade diversification in Colombia can be characterized as weak but that there is a modest trend for an increase in its importance. With some differences in degree, for both exports and imports, the number of partner countries increases faster than the number of products contained in the average basket traded and, simultaneously, the number of traded products increases faster than the average number of countries with which they are traded. Hence, trade diversification in Colombia seems to follow a pattern that implies that trade with new partners tends to be relatively slowly populated in terms of products or, from the opposite point of view, trade of new products is relatively sluggish in extending to new partner countries.

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Bibliographic Info

Paper provided by UNIVERSIDAD DEL ROSARIO in its series DOCUMENTOS DE TRABAJO with number 011016.

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Length: 39
Date of creation: 04 Nov 2013
Date of revision:
Handle: RePEc:col:000092:011016

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Keywords: Export diversification; import diversification; trade margins; Colombia; empirical trade studies;

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  1. Cadot, Olivier & Carrère, Céline & Strauss-Kahn, Vanessa, 2010. "Export Diversification: What's behind the Hump?," CEPREMAP Working Papers (Docweb) 1011, CEPREMAP.
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  12. Aleksandra Parteka & Massimo Tamberi, 2012. "Relative Product Diversification in the Course of Economic Development: Import-Export Analysis," DEGIT Conference Papers c017_056, DEGIT, Dynamics, Economic Growth, and International Trade.
  13. Bas, Maria & Strauss-Kahn, Vanessa, 2010. "Does importing more inputs raise exports? Firm level evidence from France," MPRA Paper 27315, University Library of Munich, Germany.
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  15. Habiyaremye, Alexis & Ziesemer, Thomas, 2006. "Absorptive Capacity and Export Diversification in Sub-Saharan African Countries," MERIT Working Papers 030, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
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