Cars in Colombia

EXPORTS (2018): $440M, World Rnk 42 / 209
Flag Rnk 11 / 1062

TOP DESTINATION (2018): $148M, Mexico

FASTEST GROWING MARKET (2017 - 2018): $79.3M, Ecuador

IMPORTS (2018): $2.19B, World Rnk 46 / 220
Flag Rnk 2 / 1184

TOP ORIGIN (2018): $658M, Mexico

FASTEST GROWING ORIGIN (2017 - 2018): $86.8M, Brazil

ECONOMIC COMPLEXITY of Colombia (2018): 0.23, Rnk 56 / 137

PRODUCT COMPLEXITY  IN Cars (2018): 0.78, Rnk 249 / 1018

Exports: In 2018, Colombia exported $440M in Cars, making it the 42nd largest exporter of Cars in the world. At the same year, Cars was the 11th most exported product in Colombia. The main destination of Cars exports from Colombia are: Mexico ($148M), Ecuador ($135M), Argentina ($60.2M), Chile ($40.6M), and Peru ($28.2M).

The fastest growing export markets for Cars of Colombia between 2017 and 2018 were Ecuador ($79.3M), Argentina ($60.1M), and Peru ($8.68M).

Imports: In 2018, Colombia imported $2.19B in Cars, becoming the 46th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Colombia. Colombia imports Cars primarily from: Mexico ($658M), Japan ($330M), Brazil ($256M), United States ($187M), and Germany ($124M).

The fastest growing import markets in Cars for Colombia between 2017 and 2018 were Brazil ($86.8M), Slovakia ($63.4M), and Mexico ($58.7M).

Tariffs: In 2018, the average tariff for Colombia in Cars was 29.7%. The countries with the highest import tariffs for Cars were Angola (34.4%), Burundi (34.4%), Benin (34.4%), Burkina Faso (34.4%), and Botswana (34.4%).

Value

EXPORTS (2018): $440M

IMPORTS (2018): $2.19B

NET TRADE (2018): -$1.75B

In 2018, Colombia exported $440M in Cars. The main destinations of Colombia exports on Cars were Mexico ($148M), Ecuador ($135M), Argentina ($60.2M), Chile ($40.6M), and Peru ($28.2M).

In 2018, Colombia imported $2.19B in Cars, mainly from Mexico ($658M), Japan ($330M), Brazil ($256M), United States ($187M), and Germany ($124M).

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IN 2018, Colombia HAD A POSITIVE NET TRADE IN Cars WITH:

IN 2018, Colombia HAD A NEGATIVE NET TRADE IN Cars WITH:

Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR Colombia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Colombia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Colombia's main exporting competitors in Cars were:

In 2018, Colombia's main importing competitors in Cars were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Cars in Colombia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Colombia in Cars was 29.7%.

The countries with the highest tariffs for Cars in Colombia were Angola (34.4%), Burundi (34.4%), Benin (34.4%), Burkina Faso (34.4%), and Botswana (34.4%).

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